3 Top Gaming Stocks to Buy in June
Revenue for the video games market is projected to hit $385 billion this year and continue expanding at a compound annual rate of 8% through 2027, according to the forecasters at Statista. While its growth may not be as significant as other tech markets like artificial intelligence (AI) or cloud computing, there's a never-ending supply of new video games, and the market for them has grown consistently over the long term. It's this characteristic of the market that has prompted many of the world's most valuable companies to enter the space.
Adding a video gaming stock to your holdings can be an excellent way to instill stability in your portfolio, and there's no better time than the present to do so. Here are three smart gaming stocks to buy in June.
Most of today's most popular video games require powerful chips to play and develop. As a result, chipmakers like Advanced Micro Devices (NASDAQ: AMD) offer an excellent way to invest in the growth of the space.
Source Fool.com
Advanced Micro Devices Inc. Stock
The stock is one of the favorites of our community with 88 Buy predictions and 2 Sell predictions.
With a target price of 178 € there is a positive potential of 26.35% for Advanced Micro Devices Inc. compared to the current price of 140.88 €.
