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Video Game Stocks Dip As Concerns Over AI Arise With Google Genie [Yahoo! Finance]

Alphabet Inc. - Class C Capital Stock (GOOG)  More Company Research Source: Yahoo! Finance
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
It's a $188 billion industry , after all. But now, Google is back with a new weapon that has effectively taken video game companies down a notch. That weapon is called Google Genie 3. Developed by Google DeepMind, Google Genie 3 is a "general-purpose world model" that allows users to generate and explore interactive, infinitely diverse" open worlds through images or prompts. With the release of this new AI Model, stock prices of major video game companies plummeted , including Tencent (-2.5%), Embracer Group (-5%), Nintendo (-5%), CD Projekt Red (-8%), Ubisoft (-7%), Take-Two Interactive (-10%), Roblox (-13%), and Unity (-24%). The effect came in two ways: investors hope that this disruption will make game development more accessible to unskilled people. Effectively, in the eyes of these investors, Google Genie 3 is one step towards every person being able to create their own Triple-A game. While Genie cannot do that now, they certainly think this is the direction AI in video ga [Read more]
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Stockreport

Video Game Stocks Dip As Concerns Over AI Arise With Google Genie [Yahoo! Finance]

Alphabet Inc. - Class C Capital Stock  (GOOG) 
More Company Research Source: Yahoo! Finance
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
It's a $188 billion industry , after all. But now, Google is back with a new weapon that has effectively taken video game companies down a notch. That weapon is called Google Genie 3. Developed by Google DeepMind, Google Genie 3 is a "general-purpose world model" that allows users to generate and explore interactive, infinitely diverse" open worlds through images or prompts. With the release of this new AI Model, stock prices of major video game companies plummeted , including Tencent (-2.5%), Embracer Group (-5%), Nintendo (-5%), CD Projekt Red (-8%), Ubisoft (-7%), Take-Two Interactive (-10%), Roblox (-13%), and Unity (-24%). The effect came in two ways: investors hope that this disruption will make game development more accessible to unskilled people. Effectively, in the eyes of these investors, Google Genie 3 is one step towards every person being able to create their own Triple-A game. While Genie cannot do that now, they certainly think this is the direction AI in video ga [Read more]
IMPACT SNAPSHOT
EVENT TIME:
GOOG
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS