In a rather interesting bit of news — albeit not quite unexpected, after giving it some thought — big video game companies have recently seen a dip in their stock prices, as a potentially effective vaccine for the COVID-19 is may be on the horizon.
As fascinating as it may sound, the video game industry has actually benefitted from COVID-19 due to the recurring lockdowns and the need for people, in this case players, to avoid crowded areas, has made them turn to video games and other types of digital media while staying at home.
News of a potentially effective COVID-19 vaccine from Pfizer and BioNTech started doing the rounds this week.
According to official information, the vaccine is more than 90% effective, and it could potentially end the pandemic; thus returning the video game industry to its former status quo.
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Pharmaceutical companies Pfizer and BioNTech are closing in on a vaccine for COVID-19, and this has recently caused stock prices of Nintendo(NTDOY), Activision(ATVI), Take-Two(TTWO), and Ubisoft(UBSFY) to take a dip — which, again, it isn't as unexpected, but it is quite interesting to see happening.
Of course, everybody wants the pandemic to finally be over, and a vaccine being over 90% effective against COVID019 is definitely great news, so seeing the video game industry thriving because of it is rather bittersweet.
Gaming/video game software names lower following $PFE #vaccine news: $TTWO (-9.38%), $SE (-6.86%), $UBSFY (-7.25%), $NTDOY (-7.10%), $ATVI (-5.94%)
— Briefing.com (@Briefingcom) November 9, 2020
