Gaming Industry Woes Continue As Sony's PlayStation Targets Miss Estimates, While This Gaming Startup Seeks To Upend The Industry

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As the tech-driven stock boom continued into 2024, one tech stock has noticeably lagged. Sony Group Corp. (NYSE:SONY), a Japanese conglomerate and maker of the PlayStation series, has seen its stock fall about 6.5% year to date. Analysts are blaming the fall in large part due to the underperformance of its PlayStation unit. In its most recent earnings announcement, Sony shared that the PlayStation 5 was in the "latter half" of its cycle. While Sony was still able to post record revenue, it discl

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