NewsGaming stocksPCPlayStationXboxAMDNVIDIAKraftonPUBGSubnautica 2

Gaming stocks, November 10 evening: AMD rises early as Nvidia falls

Krafton closed 0.46% lower in Korea. After the close, the PUBG company reported higher revenue and lower operating profit.

Barak Eliyahu – site manager of The Checkpoint Daily

Armed players in two vehicles cross a field beside an explosion in PUBG: BATTLEGROUNDS
Image: KRAFTON / PUBG Studios, via Steam

AMD rose 5.5% and Nvidia fell 3.1% early in the regular U.S. session on Tuesday, November 10. Associated Press reporter Stan Choe reported those moves in a snapshot around 17:00. The two graphics chipmakers trade on Nasdaq under the tickers AMD and NVDA, respectively. AMD makes Radeon products and Nvidia makes GeForce products.

In Korea, PUBG owner Krafton closed down 0.46% at 216,500 won when regular trading ended at 08:30. The company trades on the KOSPI market under ticker 259960. RTTNews report

After the close, Krafton reported preliminary third-quarter results. Revenue rose 11.6% year over year to 971.4 billion won, and operating profit fell 35.5% to 225 billion won. PC game revenue fell 32.5%, while revenue from the PUBG franchise in the first nine months grew 11% from the same period a year earlier.

Krafton also said Subnautica 2 has sold more than five million copies. Its Early Access 2.0 update is planned for the end of the year.

This column is a journalistic summary only and is not investment advice or a recommendation to buy, sell or hold any security. The writers and the site owner have no personal interest in the companies in this column and hold no shares in them. This information is not a substitute for investment advice that takes into account each person’s data and needs.

Source: Associated Press(opens in a new window)

Comments

    Add a comment

    Your comment appears right away, under the name you chose. Abusive comments, spam or incitement will be removed. What is stored when you comment: see our privacy policy.