Due to COVID-19’s pandemic-led remote lifestyles, gaming demand has soared. While eased pandemic restrictions this year have been shifting peoples’ focus to outdoor activities, the increasing availability of cloud gaming should keep driving the industry’s growth. We believe prominent gaming companies Gravity Gaming (GRVY), and Skillz Games (SKLZ), should reap the benefits. What stock do you think is the best buy? You can read more about Gravity Co., Ltd. in Seoul, South Korea. It develops, publishes, distributes and markets online games worldwide. You can play online multiplayer role-playing games like Ragnarok Online and Requiem. Skillz Inc., (SKLZ), on the other hand, primarily creates and supports a proprietary technology platform for online gaming that allows independent developers to host tournaments or provide competition gaming activities to users worldwide.

Last year, the gaming industry experienced a significant increase in its customer base due to increased home usage and COVID-19 lockdown requirements. The gaming market could be affected by the current semiconductor shortage as well as a shift of consumer focus away from outdoor activities in the short-term. However, the long-term trend should see an increase in demand for cloud, online and mobile gaming. Fortune Business Insights reported that global gaming sales are expected to increase at 13.2% annually between 2021-2028. Both GRVY as well as SKLZ will therefore benefit.

But while GRVY’s stock has gained 5.4% in price over the past three months, SKLZ lost value. However, SKLZ’s 2.5% gains over the past year are higher than GRVY’s negative returns. Furthermore, SKLZ is the clear winner with 54% price gains versus GRVY’s 15.6% returns in terms of their past month’s performance.

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