5 Best Video Game Stocks to Buy Now

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 258

Microsoft Corporation (NASDAQ:MSFT) is one of the largest technology companies in the world, and it is responsible for designing and selling the popular Xbox video game console and peripherals such as the HoloLens. The firm is headquartered in Redmond, Washington.

Microsoft Corporation (NASDAQ:MSFT) has one of the strongest portfolios in the technology industry, and it holds strong positions in the gaming, cloud computing, and productivity markets. The firm commanded 50% of the U.S. gaming market as of September 2022, and its Xbox One gaming platform has sold close to 59 million units in its lifetime.

Microsoft Corporation (NASDAQ:MSFT) is also currently in the process of acquiring Activision Blizzard, and if the deal goes through, then the firm will bring the highly popular Call of Duty platform under its wing. The deal will also provide Microsoft Corporation (NASDAQ:MSFT) with a strong video game development arm, which will complement its Xbox gaming console.

As this year’s second quarter ended, 258 out of the 895 hedge funds polled by Insider Monkey had bought Microsoft Corporation (NASDAQ:MSFT)’s shares.

Out of these, Ken Fisher’s Fisher Asset Management is Microsoft Corporation (NASDAQ:MSFT)’s largest investor. It owns 28 million shares that are worth $7.3 billion.

Diamond Hill Capital Management mentioned the company in its Q2 2022 investor letter. Here is what the fund said:

“The recent market environment has enabled us to initiate positions in some high-quality names that have sold off indiscriminately and are trading at prices we haven’t seen in quite some time. Microsoft Corporation (NASDAQ:MSFT) is one example. Microsoft’s stock price declined amid the broader selloff of technology companies. This presented an opportunity for us to purchase shares at an attractive discount to our estimate of the intrinsic value. We expect the business to continue generating strong revenue growth and benefiting from operating leverage. Microsoft’s cloud computing services business, Azure, is also generating robust growth, confirming its competitive positioning.”

Disclosure: None. You can also take a look at the 10 Best Cyclical Stocks for Inflation and 14 Best Financial Stocks To Invest In.

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