Top 5 Video Gaming Stocks to Buy Now

  1. Activision Blizzard Inc. (NASDAQ:ATVI)

Activision Blizzard Inc. (NASDAQ:ATVI), which has frequently battled it out with EA over the years for top billing among hedge funds, tops its rival in Q3 but falls to an unexpected challenger for top spot. Shares of the World of Warcraft and Call of Duty publisher were owned by 93 hedge funds at the end of Q3, down from just over 100 at the end of Q1.

Despite being a veritable geriatric in a gaming world that moves at lightspeed, World of Warcraft remains immensely popular and a huge cash cow for Activision Blizzard. Preorders for the latest expansion, Shadowlands, hit an all-time high for the series, while last year’s release of World of Warcraft Classic lead to a massive surge in subscribers.

Activision Blizzard grew bookings by 46% year-over-year in Q3 and has big things on the horizon that should contribute to continued growth in the years to come, including Diablo 4 and Overwatch 2.