HomeMarket NewsThe Future of Gaming: 3 Stocks Poised for Success in the Cloud...

The Future of Gaming: 3 Stocks Poised for Success in the Cloud Gaming Revolution

Actionable Trade Ideas

always free

InvestorPlace – Stock Market News, Stock Advice & trading Tips

When the gaming industry faced supply chain woes and scalping, the emergence of cloud gaming became a beacon of hope. The soaring costs of semiconductors and consoles paved the way for cloud gaming stocks to shine. As 5G networks burgeon and cloud computing data centers expand, companies are reshaping the gaming landscape.

Microsoft’s Cloud Dominance

Microsoft logo close up. Microsoft (MSFT) Flagship Store Fifth Avenue, Manhattan, NYC.

Leading the charge in cloud gaming is Microsoft (NASDAQ:MSFT). With its Xbox Cloud service evolving each year and a whopping 61% revenue boost post-Activision acquisition, Microsoft boasts a vast game library. This tech giant’s strategic investments in cloud gaming infrastructure are reaping rewards.

Furthermore, Microsoft’s robust cloud computing infrastructure, notably Microsoft Azure, caters to gamers seeking top-notch graphics and performance. By broadening its user base through cloud gaming, Microsoft positions itself as a potential industry titan, heralding the demise of costly console wars.

Sony’s Streaming Potential

Sony logo on the side of a building at its offices in Silicon Valley.

Sony Group (NYSE:SONY), renowned for its blockbuster exclusives and cutting-edge technology, is steering toward cloud gaming. Despite dominating console sales globally, Sony recognizes the value of game streaming. A recent game streaming service announcement through Playstation Plus underscores Sony’s commitment to cloud gaming.

With an eye on lower costs and greater accessibility, Sony aims to capture market share lost to console availability issues. Hence, cloud gaming could potentially outstrip traditional console sales for Sony, making it a prime player in the cloud gaming stock arena.

Nvidia’s Unrivaled Position

Closeup of mobile phone screen with logo lettering of nvidia corporation on computer keyboard. NVDA stock.

In the realm of cloud gaming stocks, Nvidia (NASDAQ:NVDA) stands tall. As a GPU design leader for both personal computers and data centers, Nvidia is a powerhouse in cloud gaming infrastructure. Its GeForce NOW service offers superior streaming using high-performance GTX and RTX GPUs, revolutionizing PC gaming.

Nvidia’s cost-effective gaming solutions provide gamers with high-quality PC gaming experiences sans the hefty price tags. With PC gaming’s massive popularity, Nvidia’s potential in the cloud gaming realm is unparalleled, making it a lucrative stock option for investors.

On the date of publication, Viktor Zarev did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Viktor Zarev is a scientist, researcher, and writer specializing in explaining the complex world of technology stocks through dedication to accuracy and understanding.

More From InvestorPlace

The post The Cloud Gaming Boom: 3 Stocks Set to Skyrocket as the Industry Explodes appeared first on InvestorPlace.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Swing Trading Ideas and Market Commentary

Need some new swing ideas? Get free weekly swing ideas and market commentary from Jonathan Bernstein here: Swing Trading.

Explore More

Weekly In-Depth Market Analysis and Actionable Trade Ideas

Get institutional-level analysis and trade ideas to take your trading to the next level, sign up for free and become apart of the community.