As Trump made his move regarding tariffs on multiple trade partners, many stocks with international exposure took a dive. Gaming stocks were also negatively impacted. We decided to take a look at some of the gaming stocks that traded down after the tariff announcement but continue to be solid investments.
The reason these stocks are not hugely impacted by tariffs is because of the nature of the business. Games developed by these companies have a huge fan following, which usually isn’t deterred by minor increases in price. Moreover, the digital nature of the products means enforcing tariffs isn’t as straightforward as it is on physical goods. On top of that, these companies sell to a global audience so tariffs even on a significantly big market base don’t impact the overall business as much.
To come up with our list of 5 gaming stocks that are a good bet despite tariffs, we only considered stocks with a market cap of at least $5 billion.
5. Bilibili Inc. (NASDAQ:BILI)
Bilibili Inc. is an online entertainment services provider for the young generation. It provides a wide range of content including mobile games, live broadcasting, professional user-generated videos, comics on Bilibili Comic, and more variety of content.
BILI stock price was down by 8% in January despite a stellar 2025. The company continues to be under pressure owing to the uncertainty of Donald Trump’s tariff strategy. On the fundamental level, it still looks solid. It is a growth bet that is still available at a reasonable valuation.
Bilibili is particularly popular among China’s youth, so much so that it has doubled its daily active users in just a matter of 4 years. The average time spent online has also gone up. These two growth drivers should be enough to convince anyone of the company’s growth prospects.
The company’s gaming revenue jumped 85% in Q3 last year. The results of the economies of scale are about to kick in for BILI and when that happens, tariffs won’t be able to dampen the investor sentiment.
4. Take-Two Interactive Software Inc. (NASDAQ:TTWO)
Take-Two Interactive Software Inc. is an interactive entertainment solutions marketer, developer, and publisher. It sells its products through cloud streaming services, digital downloads, retail, and online platforms.
Take-Two Interactive’s investment thesis for the year revolves around the launch of GTA 6. The game is set to come out in the later part of the year but could easily rack up over a billion dollars in pre-orders before its launch. The excitement surrounding the release is unprecedented and likely to make a big mark on the gaming industry. Apart from the expected success of this version of GTA, there is also considerable excitement as to how TTWO implements its AI technologies in the game. There is no doubt the company has pricing power in this case. However, increasing the launch price could also help competition increase the prices of their games by anchoring against GTA 6, something that would help all the gaming companies. A $80 price point could be the sweet spot for TTWO, bringing in enough revenue while now allowing competition to raise the prices of their games.
TTWO was also a favorite pick of JP Morgan analysts for 2025. With large caps comfortably outperforming small and medium caps in the last 3 years in a row, the bank believes lower interest rates and lower tariff exposure could set up these stocks well for Trump’s first year in office.
