Activison Revenue Jumps and Nikola Faces Shortages
Activision Blizzard, Inc. is an American video game holding company based in Santa Monica, California. The company was founded in July 2008 through the merger of Activision, Inc., and Vivendi Games. Activision is most well known for their creation of Call of Duty Modern Warfare and Destiny 2
As of late, the company has been dealing with accusations of discrimination and harassment as well as the COO of the company, Daniel Alegre, leaving his position. Despite this, Activison has performed strongly in the past few days, reporting revenues of about $2.3 billion for the last quarter, beating the forecast as well as the same number for a year prior.
CEO of Activision Blizzard, Bobby Kotick, has acknowledged the strong performance but also committed to improving the company, explaining “We remain intensely focused on the well-being of our employees and we are committed to doing everything possible to ensure that our company has a welcoming, supportive and safe environment where all of our team members can thrive.”
Nikola Corporation is an American company that presented several zero-emission vehicle concepts during 2016–2020. Nikola Motor specializes in zero-emission trucks. Nikola offers both pure electric and hydrogen electric powertrains across multiple applications. The hydrogen fuel-cell electric day cab semi-truck is one of their most unique products.
Nikola has just finished dealing with its legal problems but seems as if they still have more on their plate to deal with, this is because they are facing a shortage of computer chips that are integral to their vehicles.
The shortage is particularly problematic because Nikola has told investors they will begin delivery of 50 to 100 hydrogen-powered and electric trucks in their fourth quarter, enough sales to theoretically make 15 to 30 million dollars.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.