The video game industry is on track to rake in almost $176 billion in sales this year, and it's forecast to surpass $200 billion in total sales by 2023. But this business is far different than it used to be. Games and gaming platforms are becoming the new social networks for younger people. Amazon 's popular live game-streaming platform, Twitch, just broke viewership records for its third quarter in a row. It all spells opportunity for investors.
There are more ways to invest in this sector besides buying the companies that produce the actual games. With that in mind, here's why Nvidia (NASDAQ: NVDA) , Corsair Gaming (NASDAQ: CRSR) , and Electronic Arts (NASDAQ: EA) should generate solid returns for their shareholders over the next decade.
Nvidia GeForce RTX 3050 gaming laptop. Image source: Nvidia.
For further details see:
3 Video Game Stocks You Can Buy and Hold for the Next Decade