5 Best Video Game Stocks to Buy Now

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In this article, we discuss the 5 best video game stocks to buy now. To read the analysis of the video game industry, go directly to 12 Best Video Game Stocks to Buy Now.

5. Advanced Micro Devices, Inc. (NASDAQ:AMD)

Number of Hedge Fund Holders: 97

Advanced Micro Devices, Inc. (NASDAQ:AMD) is an American semiconductor company. It makes it to our list of best video game stocks due to its graphic processing units (GPU) which are used by gamers and game developers.

Advanced Micro Devices, Inc. (NASDAQ:AMD) has recently started making strides in the gaming segment, specifically on handheld personal computers. On April 25, the company announced its new AMD Ryzen Z1 and Ryzen Z1 Extreme which are specifically designed for handheld gaming PCs. The latter one is an 8-core/16-thread processor and provides 8.6 teraflops of graphic performance.

In Q4 2022, 97 hedge funds held Advanced Micro Devices, Inc. (NASDAQ:AMD) shares worth $5.7 billion, compared to 89 hedge funds at a combined value of $4.99 billion in the previous quarter.

White Falcon Capital Management made the following comment about Advanced Micro Devices, Inc. (NASDAQ:AMD) in its Q1 2023 investor letter:

“Last quarter we added Advanced Micro Devices, Inc. (NASDAQ:AMD) to the portfolio at 18x earnings and quickly made it into a top 5 position. At that time, Mr. Market was worried about earnings revisions for semiconductor stocks. In Q1 2023, it has been one of our best performing positions with the stock up 50%! In just three months, the market realized that Artificial Intelligence (AI) and related technologies require a lot of semiconductors. Mr. Market really is manic depressive but this volatility can give the enterprising investor just enough of a window to pick stocks with attractive risk rewards.”

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