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Amazon Stock Forecast: Amazon Will Continue Muscling In On The $170 Billion Video Games Industry

The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Amazon Game Studios recently cancelled its in-development Breakaway fantasy sports video game. It doesn’t mean Amazon is quitting the $170 billion video games industry.
Breakaway was likely only a showcase/demo title to demonstrate the all-in-one package capability of its Lumberyard game engine.
Amazon Game Studios will continue developing its other two games, Next World and Crucible. Crucible is currently a Battle Royale game that’s testing a 12-player limit.
Amazon has invested more than a billion dollars buying Twitch, Double Helix Games, and CryEngine license. Making its own Twitch-optimized games helps improve Amazon’s advertising business.
I Know First has negative market trend scores for AMZN. Wait for a cheaper entry-point before you take a long-term position on this stock.