The video gaming industry is expected to continue its growth, as people settle into their hybrid work routine post pandemic. Two major players in this industry — Nintendo (NTDOY) and Roblox (RBLX) — have been expanding their product portfolio to boost sales. But which of these two stocks is a better buy now? Read more to find out. Nintendo Co ., Ltd. (OTC:NTDOY) and Roblox Corporation (RBLX) are two of the top established players in the video gaming industry. RBLX is a platform for 3D creation, publishing, and gameplay. It offers game developers Roblox Client, an application for 3D digital development, and Roblox Cloud, a solution that powers the human co-experience platform. NTDOY is involved in the production of entertainment products. As one of the most popular companies in the video games industry, NTDOY’s main products include game machines such as portable and console game machines and software, as well as trump cards.
The video gaming industry has gained traction over the past year, driven by remote working and social distancing trends. While people are now engaging in outdoor activities with the reopening of the economy, the video gaming industry isn’t expected to lose its luster anytime soon. In fact, the global video game market is expected to grow at a CAGR of 11% over the next four years.
While RBLX has gained 24% over the past month, NTDOY has returned 8.3%. But which of these two stocks is a better buy now? Let's find out.