Share prices of Activision Blizzard (NASDAQ: ATVI) dropped sharply after reaching a high of $104 earlier this month. Coincidently, the game producer held its annual BlizzCon event on Feb. 19-20 to discuss the latest developments with Blizzard titles, including Hearthstone, World of Warcraft, Overwatch, and Diablo. Here are two reasons why this could be causing the stock to fall and why Activision Blizzard shares may not be the best value among top gaming stocks right now.
If you are investing for the long term, it's important to pay attention to industry trends and which companies are likely to still be growing years from now. There are better, more exciting and growing industries to invest in, including robotics, artificial intelligence, and gaming. Intuitive Surgical's da Vinci surgical systems help doctors operate on patients with greater precision and reach narrow areas.
Tony Hawk’s Pro Skater 1 and 2 makes its way to PlayStation 5 and Xbox Series X|S on March 26 and lands on Nintendo Switch for the first time in 2021.