Articles – Investor Consensus

Hot Stocks Alert: Activision Blizzard, Inc. (Nasdaq: ATVI) and Microsoft Corporation (Nasdaq: MSFT) Clear Regulatory Hurdles - Best Gaming Stocks for 2024?

Investors and gamers alike are closely watching the developments surrounding two tech giants, Activision Blizzard, Inc. (Nasdaq: ATVI) and Microsoft Corporation (Nasdaq: MSFT). These stocks are rapidly emerging as hot favorites and trending stocks, potentially among the best stocks to buy now and hold for 2024. Let's delve into the exciting details of these gaming industry powerhouses.
For a comprehensive view of Wall Street's perspective on Activision Blizzard, Inc. (Nasdaq: ATVI), click here: https://investorconsensus.com/stock-ticker?symbol=ATVI

For a closer look at Wall Street's perspective on Microsoft Corporation (Nasdaq: MSFT), click here: https://investorconsensus.com/stock-ticker?symbol=MSFT

In a significant turn of events, Britain's antitrust regulator has hinted at clearing Microsoft's $69 billion acquisition of Activision Blizzard. This restructured deal has reignited investor interest in the best gaming stocks.

Microsoft's initial announcement of the acquisition in early 2022 was met with enthusiasm, but it faced a roadblock in April when Britain's competition regulator expressed concerns about the tech giant gaining excessive control in the nascent cloud gaming market.

However, the gaming landscape saw a seismic shift in August when Activision Blizzard, Inc. (Nasdaq: ATVI), known for hit titles like "Call of Duty," "World of Warcraft," "Overwatch," and "Candy Crush," inked a deal to sell its streaming rights to Ubisoft Entertainment. This strategic move aimed to address the Competition and Markets Authority's (CMA) concerns and clear the way for the deal's approval.

The CMA now acknowledges that the Ubisoft divestment "substantially addresses previous concerns." While some issues remain, Microsoft has presented remedies that have received provisional approval from the regulator.

Microsoft Corporation (Nasdaq: MSFT)'s President, Brad Smith, is optimistic about the progress, stating, "We presented solutions that we believe fully address the CMA's remaining concerns related to cloud game streaming."

This development has sent shockwaves through the stock market, with shares in Activision surging by 1.6%, while Microsoft's stock has seen a modest rise of 0.3% in U.S. premarket trading. Ubisoft, the beneficiary of the streaming rights divestment, gained 3.6% in Paris.

This recent turn of events has placed Activision Blizzard and Microsoft among the best gaming stocks to consider for 2024. Their strategic moves and potential for growth make them compelling options for investors seeking the best stocks to buy now.

However, as with any investment decision, thorough research and analysis are crucial. To gain deeper insights into these hot stocks and discover what Wall Street is saying about Activision Blizzard, Inc. (Nasdaq: ATVI) click here: https://investorconsensus.com/stock-ticker?symbol=ATVI and for Microsoft Corporation (Nasdaq: MSFT), click here: https://investorconsensus.com/stock-ticker?symbol=MSFT