Top video game companies are in a good position right now. Spending on digital games hit a record of $10 billion in March, according to SuperData, driven by home confinement as a result of the COVID-19 pandemic. But the leaders still have plenty of opportunities for long-term growth in a promising industry.
Activision Blizzard (NASDAQ: ATVI) owns some of the most popular franchises in gaming, including Call of Duty, World of Warcraft, and the mobile title Candy Crush. The company has a player base of over 400 million active users as of Dec. 2019.
Nintendo (OTC: NTDOY) should report strong results for the March-ending quarter. The Nintendo Switch has been sold out in recent weeks after the successful release of Animal Crossing: New Horizons, which was the top-selling video game last month.