After enjoying surging valuations thanks to pandemic-driven tailwinds and the broader run-up for growth stocks, video game stocks have cooled off a lot. Positive engagement tailwinds receded as many parts of the world moved closer toward business as usual, and the rising interest rate environment has applied pressure to the stock market at large. Currently trading down 48% from its peak, Take-Two Interactive (NASDAQ: TTWO) stock in particular looks like a smart buy right now.