US Video Game Spending Just Had One Of Its Worst Julys Ever

US video game spending declined 10% year-over-year in July to $4.5 billion, according to Circana. Physical software sales reached an all-time July low of $85 million, while hardware sales hit their lowest July level since 2020. High hardware prices and the record-breaking June 2025 Nintendo Switch 2 launch impacted PS5 and Xbox Series X|S sales. Separately, Moderna shares experienced their best day ever, with the stock price soaring nearly 200 percent in one single trading session.