By the power of truth, I, while living, have conquered the universe.
Yes and anyone who says no is completely unfamiliar with a video game's design process which involves, funnily enough, artwork, sculpting, modelling etc. Everything it takes to declare a piece of film as art is part of the design process for games, not to mention music as well which is an art in itself.
Video games are the culmination of many forms of art, artistic visions and stylistic choices. Look at games like Deus Ex: Human Revolution, Journey, Bioshock, Mass Effect, Halo and so on - each are distinctive in style and are beautifully artistic.