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Gaming Stocks Plummet Amid AI Fears Post-Google Launch

2/3/2026

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Story summary
  • Following Google's launch of Project Genie 3, gaming stocks declined significantly.
  • Unity and Take-Two Interactive fell about 8% to 35%.
  • Analysts say fears that AI will replace game developers are exaggerated.
  • Unity's CEO stated that AI tools could enhance the industry.
  • In Asia, Nintendo and Tencent shares fell, reflecting similar concerns.