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Microsoft's Gaming Powerhouse Grows: Activision Blizzard Bought For $69 Billion
Friday, October 13, 2023 - 9:40am | 600In a landmark move, Microsoft Corp. (NASDAQ:MSFT) has successfully completed its acquisition of gaming titan Activision Blizzard Inc. (NASDAQ:ATVI). What Happened: As reported on Friday by CNBC, Microsoft’s acquisition of Activision Blizzard has been finalized. This...
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Roblox To Share Details On AI Initiatives Wednesday: What Investors Should Know
Tuesday, June 27, 2023 - 5:22pm | 744A leading gaming company is set for a talk about artificial intelligence in gaming with a leading financial services company Wednesday. Here’s a look at what the discussion could center on. What Happened: Shares of Roblox Corp (NYSE: RBLX) jumped on Tuesday after news circulated of the...
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Nvidia Stock Falls After Q2 Earnings, Sales Miss: CEO Says 'We Will Get Through This'
Wednesday, August 24, 2022 - 4:51pm | 462NVIDIA Corporation (NASDAQ: NVDA) reported a second-quarter earnings and sales miss Wednesday, sending the stock lower in after-hours trading. The chipmaker also gave an update on its third-quarter guidance. Here are the key takeaways for investors. What Happened: NVIDIA reported second-...
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Want The Thimble, Boot Or Wheelbarrow Back In Monopoly? You're In Luck With New Contest
Friday, April 29, 2022 - 3:49pm | 343One of the most popular board games of all time is inviting fans to vote on their favorite tokens to impact the game moving forward. What Happened: Monopoly, a board game from Hasbro Inc (NASDAQ: HAS), announced the launch of its Throwback Token Vote. Monopoly is offering fans the chance to vote...
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Could Roblox Be Coming To PlayStation 5? New Job Posting Suggests 'Yes'
Thursday, March 10, 2022 - 4:45pm | 719One of the most popular games on computers and mobile devices could see increasing engagement on consoles soon if a job posting leads to the expansion of the franchise. What Happened: A job posting from Roblox Corp (NYSE: RBLX) is picking up steam across technology sites as it could mean the hit...
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Cathie Wood Sells Another $41.5M In Tesla As Shares Rally, Buys This Stock Instead
Friday, October 22, 2021 - 12:53am | 472Cathie Wood-led Ark Invest on Thursday further lowered its exposure in Tesla Inc (NASDAQ: TSLA), booking profit as shares of the electric vehicle maker rose after upbeat third-quarter earnings. The investment management firm sold 46,414 shares — estimated to be worth $41.49 million...
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Is Unity Software Being Overlooked As NFT Play?
Friday, March 26, 2021 - 7:51am | 697Unity Software (NYSE: U), one of the largest gaming companies, went public in 2020. Because Unity Software helps companies create games for PC, mobile and console, it could have some upside with an NFT partnership that was announced in 2020. What Happened: Investors...
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Why Corsair Could Be The Best Way To Play Booming Gaming Market
Tuesday, November 10, 2020 - 3:20pm | 607The video game sector has produced several winners in 2020. Recent IPO Corsair Gaming (NASDAQ: CRSR) reported its third-quarter earnings, which saw growth from the industry and products selling out as soon as they hit shelves. The company makes gaming-related gear and technology. Earnings: Corsair...
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Wedbush: Nintendo's New Switch Lite A Sales Driver
Thursday, July 11, 2019 - 11:22am | 354Shares of Nintendo Ltd/ADR (OTC: NTDOY) were on the rise again Thursday after an upgrade from Wedbush following the company’s announcement of the handheld Nintendo Switch Lite. The Analyst Michael Pachter upgraded Nintendo from Neutral to Outperform and boosted the target price for the Tokyo-...
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Casino Stocks Under Pressure Amid Macau Junket Liquidity Concerns
Friday, July 14, 2017 - 11:18am | 406Shares of Macau casino operators Melco Resorts & Entertainment Ltd(ADR) (NASDAQ: MLCO), Wynn Resorts, Limited (NASDAQ: WYNN), Las Vegas Sands Corp. (NYSE: LVS) and MGM Resorts International (NYSE: MGM) were all getting hammered in early Friday trading after Bloomberg reported that one of Macau...
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Melco Crown Entertainment Rebounds After No Change In ATM Withdrawal Limits
Friday, December 9, 2016 - 1:43pm | 126Melco Crown Entertainment Ltd (ADR) (NASDAQ: MPEL) shares are trading higher by $0.58 at $17.45 in Friday's session. The issue swooned late in the day on Thursday when it was reported that withdrawal limits in Macau may be reduced by the government. As a result, the issue fell from its close on...
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Amaya Soars High On Former CEO's Big Bid
Monday, November 14, 2016 - 2:12pm | 230Shares of Amaya Inc. (NASDAQ: AYA), a Canada-based gaming company that owns several leading online poker brands such as PokerStars, Full Tilt, soared higher by more than 15 percent on Friday after the company's former CEO submitted an acquisition bid. The company's ex-CEO David Baazov offered to...
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Gaming Stocks Are A Playground For Traders
Wednesday, July 6, 2016 - 10:11am | 320The "FANG" trade has dominated headlines throughout the past few years and gained popularity among investors and traders as the group of technology stocks produced superior returns compared to the broader indices. However, there is a handful of other stocks from another sector that also offered...
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Trading Gaming Stocks On E3: Past Reactions
Monday, June 13, 2016 - 12:30pm | 527Electronic Entertainment Expo (E3) is an annual demonstration in June that showcases the top names in electronic gaming and their outlook for future products. Companies often bring demos of their projects planned to be released later in the year, giving customers an idea of what each product might...
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Amaya Gains 13%, CEO To Take Leave Of Absence Amid Insider Trading Investigation
Tuesday, March 29, 2016 - 2:01pm | 218Shares of AMAYA INC (NASDAQ: AYA) were trading higher by more than 13 percent on Tuesday after the company announced its CEO has agreed to take a voluntary leave of absence. CEO David Baazov will take an indefinite paid leave of absence from the company, effective immediately. The executive...