With the majority of the world stuck at home, gaming activities have gathered momentum. This brings into focus the best video game stocks to buy in 2020 like Activision Blizzard, Electronic Arts, and Zynga. Activision Blizzard is up almost 40% since the beginning of 2020 and up 57.52% since the March market crash. Electronic Arts is up almost 31% since 2nd January 2020, and up 61.5% from its March lows. Zynga, meanwhile, is up 52% year-to-date and 59.45% up since the March market fall. Overall, these companies are among the best gaming stocks to buy now.

Gaming stocks also seem to be benefiting from another theme. According to a report from SuperData, a gaming research website, the average millennial spends about $112 per month on gaming. Millennials are now the largest demographic (age-wise) in the US and are poised to be the group with the most spending power. The engagement levels and spending pattern for gaming among millennials are unparalleled. According to Mordor Intelligence, the gaming industry revenues are estimated to grow from $151 billion in 2019 to $257 billion in 2025. Electronic gaming and multimedia stocks, therefore, hold plenty of potential for medium to long-term growth.

Activision Blizzard, meanwhile, added about 100 million new active players during its most recent Q22020. According to Bobby Kotick, CEO, Activision Blizzard, “In the second quarter, our player base grew 30% year over year, adding more than 100 million monthly active players. Time spent in our games grew 70% over the same period and Q2 engagement and player investment were at historic highs. We grew net bookings 70% year over year, setting new highs for second-quarter net bookings on both mobile and console, with operating margin up strongly year over year.”

Activision is surprisingly down more than 2% since its earnings call. It may just be an opportunity to take a position in one of the top video game stocks.