Google's new AI spooks investors, sending gaming stocks into a freefall [Yahoo! Finance]
TENCENT HLDGS UNSP/ADR (TCEHY)
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Source: Yahoo! Finance
Google's Genie 3 reveal sent a shockwave through the gaming industry this week, triggering a sudden dip in major gaming stocks as investors scrambled to make sense of what AI-generated games could mean for the future. The tech looks impressive — but the market reaction might say more about investor anxiety than actual industry risk. Gaming has always been a sort of bubble, so to speak. People within the bubble sometimes blow it up, and sometimes, seem to let the bubble collapse. However, like all bubbles, they can be popped from the outside as well. Right now, that's exactly what's happening across the gaming industry. Only hours after Google's Genie 3.0 was released, stocks across the gaming sphere began to plummet as retail investors who know little to nothing about actual game development panicked and sold before the inevitability of AI games takes over. But that's just it, the release of Genie 3.0 is all but that, and if anything, it is just something cool to look at rather t
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