Video games have steadily grown in popularity over the last few decades. In fact, the industry is now one of the largest entertainment categories worldwide, with estimated global annual spending of just under $200 billion in 2022.
But the party is just getting started. Analysts expect the video game market to reach close to $300 billion by 2027 as the industry matures into older populations.
From an investment perspective, this steady industry growth makes the video game market a great place to hunt for new stocks to buy. Here's why Electronic Arts (NASDAQ: EA) -- one of the world's leading game publishers -- is a no-brainer buy for investors as we head into 2023.
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1 No-Brainer Video Game Stock to Buy in 2023