3 Fortnite Stocks Cashing In On The Battle Royale Game’s Ridiculous Success

TENCENT HOLDING/ADR (OTCMKTS:TCEHY)

Unfortunately, $482 billion TENCENT HOLDING/ADR (OTCMKTS:TCEHY) is about as far from a Fortnite pure play as there is because of its massive size. Nonetheless, the Chinese social media and tech giant has one of the strongest connections to the game of any public company, owning more than 40% of Epic Games as well as having the Chinese publishing rights to Fortnite. Tencent plans to blitz that market with an expensive marketing campaign when the game is approved for release in the country, in addition to its ongoing efforts to grow the e-sports scene there.

The further popularizing of the battle royale genre in China will be nothing but good news for Tencent, which also developed the mobile version of PlayerUnknowns Battlegrounds, another popular game in the genre. Tencent is no stranger to capitalizing on gaming trends, having jumped into MOBAs (team-based battle games) at the height of their popularity, taking a large stake in League of Legends-maker Riot Games and developing its own MOBA.

NVIDIA Corporation (NASDAQ:NVDA)

NVIDIA Corporation (NASDAQ:NVDA) is clearly benefiting from the surge of new gamers in need of better GPUs that have been drawn into the industry by Fortnite, as its gaming segment grew revenue by 68% in the first quarter (during which Fortnite’s free-to-play version was released), nearly 3x the revenue growth that its gaming segment had achieved in the prior two quarters.

All told, the huge first-quarter by its gaming segment contributed to NVIDIA crushing first-quarter revenue estimates by more than $300 million and earnings estimates by $0.60 per share. NVIDIA recently launched the 3GB GeForce GTX 1050 graphics card, a lower budget GPU that is perfect for online games like Fortnite, which tend to feature less demanding graphics for the sake of crisp gameplay.

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