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Steam announces Steam Machine, a home console for PC gaming

Valve’s PC gaming platform Steam announced several new gaming hardware products, including a new Steam controller, the Steam Frame VR headset, and most notably the Steam Machine, a console that “has the power to play your whole Steam library, including your favorite AAA titles.” Steam Machine comes with SteamOS, an OS optimized for gaming, with fast suspend/resume and cloud saves. All the new devices are coming in 2026, though the company has not yet unveiled pricing. Publicly traded companies in the space include Sony (SONY), Microsoft (MSFT), Electronic Arts (EA), GameStop (GME), NetEase (NTES), Nintendo (NTDOY), Take-Two (TTWO), Tencent (TCEHY) and Ubisoft (UBSFY).

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