In a post on X, Elon Musk said that, “Too many game studios that are owned by massive corporations. @xAI is going to start an AI game studio to make games great again!” Publicly traded companies in the space include Electronic Arts (EA), Take-Two (TTWO) and Ubisoft (UBSFY).
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EA:
- Game On: U.S. video game spending grew 10% in October, says Circana
- U.S. video game spending rose 10% y/y in October, says Circana
- Games sales in Europe jump 12.4% y/y in October, GI.biz reports
- New ‘Dragon Age’ seventh-best selling game in Europe last month, GI.biz says
- EA’s next ‘Battlefield’ undergoing much bigger playtests, Insider-Gaming says