Reported about 11 hours ago
Michael Pachter from Wedbush Securities evaluates the gaming sector, contrasting hardware companies like Nvidia with developers holding valuable IP, such as Take-Two Interactive. He suggests that while hardware stocks are less favorable due to their small gaming revenue, intellectual property holds more potential, especially with the anticipated pricing strategy for Grand Theft Auto VI, which he predicts could start at $100 given its massive development investment.
Source: YAHOO