Best Metaverse Stocks

The metaverse dominates as the latest technological trend, presenting significant investment opportunities when it comes to metaverse stocks. How can you cash in? Consider these five movers and shakers in the metaverse industry.

Quick Look at the Best Metaverse Stocks:

• Meta Platforms, Inc.
• NVIDIA Corp.
• Unity Software
• Roblox Corp.
• QUALCOMM Inc.

Metaverse Stocks to Watch Out for This Year

New trends mean new investment opportunities. With COVID-19 intensifying the growth of metaverse-related technology, investors like you can get in the game.

Meta Platforms Inc. (NASDAQ: FB) 

Meta Platforms — formerly known as Facebook — is the parent company to Instagram, WhatsApp and Facebook. As one of the top platforms expanding the metaverse, the company’s acquisition of Oculus virtual reality (VR) hardware in 2014 emphasized its focus on developing its VR experiences. The company also has an extensive array of non-gaming experiences to explore this new reality.

NVIDIA Corp. (NASDAQ: NVDA) 

NVIDIA, a designer of graphics processing units (GPUs), has stepped in as an integral part of the metaverse. Its computing products involve rendering and visualizing virtual applications in video games and other forms. NVIDIA has made steps to transition to the metaverse with its new product NVIDIA Omniverse, allowing companies to simulate production virtually.

Unity Software (NYSE: U) 

Unity Software is shaping the metaverse by engaging professional use of its platform. Its 3D platform helps unite application platforms to assist developers in creating a single application to use across multiple devices.

Roblox Corp. (NYSE: RBLX) 

Roblox’s metaverse products operate through two applications. Roblox Client allows users access to its metaverse experience. Roblox Studio enables developers to create applications. Its content is entirely user-generated and allows its creators to share in platform profits.

QUALCOMM Inc. (NASDAQ: QCOM) 

QUALCOMM, a well-known technology firm that creates semiconductors and provides wireless services, functions as a critical driver in 4G and 5G communication networks. The company hopes to be a crucial figure in the metaverse, powering devices and assisting users in entering the 3D market. Its Snapdragon chipsets already run the Oculus Quest 2 VR headset, which is essential for accessing the metaverse.

Overview: Metaverse Stocks

Metaverse stocks continue to gain popularity as the art of gaming and online interaction multiplies. The metaverse industry increased as the pandemic kept people home. 

The sector uses augmented reality (AR) and VR headsets to initiate an online existence that allows entry to an entirely virtual social network. In addition, the expansion of the environment to financial, retail, academic and government sectors has led to interaction with physical objects and digital transactions.

Growth projections and significant investments undergird confidence in this burgeoning sector. For example, Meta Platforms CEO Mark Zuckerberg pledged to spend $10 billion a year over the coming decade on the virtual market. Furthermore, Morgan Stanley (NYSE: MS) analyst Brian Nowak sees an $8 trillion total addressable market among U.S. consumers.

Finally, according to Bloomberg Intelligence, the metaverse market is expected to reach $800 billion by 2024.

How to Buy the Best Metaverse Stocks

If you already have a broker, you could buy the best metaverse stocks today. If you don’t have a brokerage account, check out the steps below.

Find a brokerage.

The broker is the intermediary between you and the stock exchange. You place an order through the broker to buy a stock, and the broker carries out those actions. 

Decide how many shares you want to buy.

Once you have chosen a broker, the number of shares you want to buy will be dictated by the funding of your account and your investment decisions. Your risk tolerance is an important measure to consider.

Choose your order type.

Different order types exist, but the main two are market orders and limit orders.

With a market order, you buy shares at their current price. This type of order means a high chance that the order will be filled, but it may not be at your chosen price.

Limit orders specify the price you will pay for the stock.You can determine what price you buy the shares at, but you face the risk that the order won’t be filled if the price doesn’t hit your predetermined level. 

Buy the shares.

Once you have opened the trade ticket and completed the required fields, the last thing to do is click buy. When completed, you can monitor the stock and your other positions by navigating to the correct tab on your brokerage platform.

Best Online Brokers for Metaverse Stocks

You can find the best brokers for metaverse stocks in the table below.

Features to Look for in the Best Metaverse Stocks

1. Ownership: Disputes over intellectual property and ownership may be significant and worth considering in your investment decisions. For example, Roblox recently settled a case, paving the way for artists to debut their music in the metaverse.
2. Demand: Interest by many companies seems to be significant, but a compelling metaverse that will attract users will be essential. Trying to choose the right stock working in the right market is the key, but as traders know, the answers can be elusive.

Pros and Cons of Metaverse Stocks

Meta Platforms: The worry of the metaverse is that the idea is still conceptual with no guarantee of success. This factor presents an element of risk in investment. However, investing in an already successful stock reduces doubt to some degree.

NVIDIA: NVIDIA is a great company that has presented consistent growth over its time. Revenue showed consistent growth over the last decade, with income in 2021 jumping an impressive 52.7% compared to 2020. However, the company’s dominance has been challenged by the increase in competition from Advanced Micro Devices Inc. (NASDAQ: AMD) and Intel Corp. (NASDAQ: INTC).

Unity Software: Unity has an excellent reputation, playing a role in developing 71% of the top 1,000 mobile games and 50% of all video games on the market. Looking forward, the company may suffer from the post-pandemic slowdown as people transition back to everyday life.

Roblox: Roblox received recent praise from Jefferies Financial Group Inc. (NYSE: JEF), pointing to Roblox as an example for the virtual side of the metaverse. The company stated, “We expect new multi-billion dollar companies will rise as the metaverse becomes more mature.” However, the stock has fallen over 20% in the last month.

QUALCOMM: QUALCOMM is a leading firm in its industry. Its involvement in 5G is a strong indicator for the future as it presents a demand for QUALCOMM’s services. Analyst John Vinh of KeyBanc, owned by KeyCorp (NYSE: KEY), also raised QUALCOMM’s share price.

Are Metaverse Stocks a Good Investment Right Now?

Metaverse stocks can be excellent investments in the growth of this technology. The direction and demand for online gaming experiences and social interaction have allowed constant innovation from the most prominent technology firms.

It is difficult to argue that the VR world will not be the next growing trend and that significant investments from influential tech stocks will enhance its reality going forward. However, the idea has only recently gained popularity, and uncertainty is still huge about what the metaverse can achieve.

Biggest Metaverse Movers of the Day

It is not always the case that the metaverse stocks are the day’s biggest movers. However, if you want to see the most significant moves of the day, they are listed here.

Will the Metaverse Take Over?

The basic concept underlying the metaverse seems like science fiction. However, smartphones and wireless technology were fantasies at one time, but advancements in technology made these dreams a reality. 

It’s understandable to be skeptical of the metaverse concept, but keeping an open mind about it raises opportunities that may just become the future.

Frequently Asked Questions