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Due to supply chain bottlenecks, the production of hardware required for video games, such as headphones, monitors, and remotes, has been hampered. However, according to Hendrick Sin of CMGE, a Chinese game developer, China’s favorable video gaming regulations have positively influenced the gaming market. Investors’ interest in video game stocks is evident in the VanEck Vectors Video Gaming and eSports ETF’s (ESPO) 14.7% returns over the past year.
Hence, we think it could be worth watching video game stocks Enthusiast Gaming Holdings Inc. (EGLX), Super League Gaming, Inc. (SLGG), and Engine Gaming and Media, Inc. (GAME). Wall Street analysts expect these under-$5 stocks to rally by more than 110% in the near term.
