Piper Jaffray analyst Michael Olson said GameStop (GME) reported "strong" Q2 results, primarily driven by new hardware sales and upside in its "other" segment revenue. Olson said the bear thesis of secular decline in the video game industry is not playing out, with the industry now into the "renewed growth phase" as the footprint of next generation consoles keeps outpacing the last cycle. The analyst, who expect trends in the sector will continue to improve in the second half of this year and into next year, keeps an Overweight rating on Gamestop while increasing his price target for the stock to $57 from $56. Publicly traded game and hardware makers include Activision Blizzard (ATVI), Electronic Arts (EA), Take-Two (TTWO), Microsoft (MSFT), Sony (SNE) and Nintendo (NTDOY).

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Microsoft (MSFT) is scheduled to report results of the third quarter of its fiscal year 2024 after the market close on Thursday, April 25, with a conference call scheduled for 5:30 pm ET. What to watch... To see the rest of the story go to thefly.com. See Story Here

"Game On" is The Fly's weekly recap of the stories powering up or beating down video game stocks. NEW RELEASES: This... To see the rest of the story go to thefly.com. See Story Here

Captivision announced its collaboration with Activision's Call of Duty: Mobile and Framework for the recent installation at the Framework in the Desert afterparty in Coachella Valley. Through this collaboration, Captivision delivered a unique media glass installation over the course of the festival. The collaboration marked the inception of a new area of strategic focus for Captivision dedicated to pushing boundaries and redefining the live entertainment experience. At Framework in the Desert, multiple freight container structures were unveiled that featured Captivision's media glass. This innovative installation served as the canvas for an inspiring display of imagery and content for all in attendance. The media presentation included assets from Activision's Call of Duty: Mobile and Framework, in addition to artwork and animations that enhanced the musical ambiance throughout the weekend.

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here