The latest trend in technology metaverse
Facebook will be acquired by Meta Platforms Inc in October 2021. announced the corporate name change, many investors began to speculate how transformative and thriving the metaverse could be. The concept of Metaverse is about creating integrated virtual online environments where people live, work and play. A real-life “Matrix” may seem like science fiction, but self-driving cars (the TESLA type), smartphones, and even the internet itself were science fiction concepts at the time. According to Bank of America, the global metaverse market could grow to $800 billion by mid-2022. Here are seven metaverse stocks to buy on today's terms.
Meta Platforms Inc. (FB)
Meta CEO Mark Zuckerberg is so determined to shift the company's priority to the metaverse that he even renamed the company Meta. Zuckerberg announced an initial $10 billion investment in metaverse development, and Meta has recently received several patents on technology that uses biometric data to help create what metaverse users see and perceive in the virtual world. Meta's Oculus and Horizon virtual reality subsidiaries will also play a large role in accelerating the metaverse. The company plans to monetize its metadatabase through virtual commerce and advertising revenue streams.
Unity Software Inc. (U)
Unity Software has one of two main 3D video game engines that allow designers to customize how video game players move and interact in their games. The company's non-game business also serves the industrial, architectural, animation and engineering sectors.
Roblox Corp. (RBLX)
Roblox is an online entertainment platform that allows users to develop games. The platform may be the closest thing to the metaverse in our lives. Roblox is essentially a video game with around 50 million daily active users, its own digital currency and a host of unique virtual experiences.
Autodesk Inc. (ADSK)
Autodesk makes software used to design buildings and items. Engineers and architects use the company's Revit building information modeling program to create virtual building models, and Autodesk Rendering can convert these models into a virtual reality environment. About 70% of Autodesk's business comes from design software, or AEC, for architecture, engineering, and construction. Autodesk has a suite of products specifically designed for creating virtual reality and augmented reality 3D animations and buildings; This pack is an excellent choice for metaverse building. In the third quarter of 2021, Autodesk's overall volume increased by 16% and AEC segment revenue rose 22% to $511.1 million.
Microsoft Corp. (MSFT)
Microsoft may be the first leader of the professional metaverse universe. Microsoft's enterprise metaverse base aims to integrate the "internet of things", digital twins and mixed reality to help Microsoft grow its dominance in the professional software market. The company also made an aggressive move into the social metaverse space on January 18, when it announced a pending deal to acquire video game giant Activision Blizzard Inc. (ATVI) for $69 billion. The Activision deal will give Microsoft instant access to 400 million monthly active players, some of whom are already spending money in the digital world. The company's growing cloud technology will also give it massive metaverse network scale benefits.
Nvidia Corp. (NVDA)
Nvidia manufactures graphics and video processing chips used in high-end computing servers, supercomputers, artificial intelligence and VR applications. The Metaverse universe will certainly require massive amounts of processing power, and Nvidia chips will likely play a critical role.
Qualcomm Inc. (QCOM)
At the 2022 Consumer Electronics Show, chipmaker Qualcomm announced a new collaboration with Microsoft to develop technology to expand consumer and enterprise adoption of augmented reality. At the company's third-quarter financial meeting in November, CEO Cristiano Amon said that Qualcomm's Snapdragon semiconductor products will dominate the next-generation IoT and metaverse universe.
