Published on 9 Oct 2024 on Insider Monkey · via Yahoo Finance
Is NetEase Inc. (NTES) the Ultimate Investment Play in the Booming Mobile Gaming...
We recently published a list of 7 Best Gaming Stocks To Buy Now. In this article, we are going to take a look at where NetEase Inc. (NASDAQ:NTES) stands against the other best gaming stocks to buy now.
A Quick Look at the Gaming Industry
The gaming industry does not only provide entertainment but also drives innovation in technology and creativity. The global gaming market was valued at $249.55 billion in 2022. Looking forward, the market is expected to grow at a compound annual growth rate (CAGR) of 13.1% during 2023-2030 to reach $665.77 billion by the end of the forecast period. This expansion is driven by several key trends that are reshaping how games are developed and played.