Activision Blizzard (NASDAQ: ATVI) on Tuesday gave investors some good reasons to cheer. The video game developer avoided an early 2021 growth slowdown thanks to a flood of popular content releases in franchises like Call of Duty and World of Warcraft. Investors were worried about a potential growth slowdown given Activision's record user gains in 2020.
The stage is set for an explosion in the amount of stock buybacks, says Goldman Sachs.
Electronic Arts (NASDAQ: EA) investors are in for a volatile trading week. The video game giant is set to announce its fiscal fourth-quarter results on Tuesday, May 11. Like its rival Activision Blizzard, EA took full advantage of the booming demand for electronic entertainment during the pandemic.