3 Video Game Stocks to Buy in August

Video gaming has evolved into a multibillion-dollar industry. Despite its rapid growth and development, there is still time for investors to hop on board this growth train before it's too late. The market is expected to grow at a compound annual growth rate (CAGR) of 12.9% from 2020 to 2027, according to a Grand View Research analysis, as the millennial and centennial generations earn more disposable income to spend on the things they love.

Several companies are positioned well to benefit from this megatrend, including three video game companies that would make great buys in August. The first pick is Activision Blizzard (NASDAQ: ATVI), a blue-chip gaming giant famous for smash hits like Call of Duty and World of Warcraft. The second pick is Take-Two Interactive (NASDAQ: TTWO), a rapidly growing rival with a strong portfolio of exciting intellectual property. Finally, we have Zynga (NASDAQ: ZNGA), a mobile game developer driving growth through highly synergistic acquisitions. Let's find out a bit more about them.