6 Best Video Game Stocks To Invest In

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1. Roblox (NYSE:RBLX)  

Number of Hedge Fund Investors: 54

Roblox (NYSE:RBLX) is an American technology company that offers an online platform where users can create and play games. The company’s platform allows players to build immersive worlds using its developer tools.

With a massive user base, particularly among younger audiences, Roblox (NYSE:RBLX) generates revenue through in-game purchases and its virtual currency, Robux. The company has become a major player in the gaming and entertainment industry and plans to expand into new content categories, such as virtual concerts.

Roblox (NYSE:RBLX) is now pushing into advertising with the opportunity for native ads within gameplay with the recent addition of video ads and a shopping test with Walmart and ELF Beauty. Roblox (NYSE:RBLX) remains a promising investment, with potential for 20% growth, bolstered by new advertising and shopping initiatives.

As of the second quarter 54 hedge funds own stakes in the company valued at $2.46 billion. ARK Investment Management is the largest shareholder in the company with stakes worth $496.33 million, according to Insider Monkey.

While we acknowledge the potential of Roblox (NYSE:RBLX) to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than RBLX but that trades at less than 5 times its earnings check out our report about the cheapest AI stock.

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