According to reports, the Metaverse’s total addressable market has the potential to grow to a few hundred billion dollars in the foreseeable future.
There are several stocks that investors should watch out for such as NVIDIA, Microsoft, Roblox, and Meta Platforms. If you are an investor, this is a great piece for you to read through. In the meantime, consider using the best stock trading app UK to make your online trading effortless. The apps come with numerous features that are particularly important for beginners.
What are Metaverse stocks?
According to NVIDIA Corporation, Metaverse is a common virtual 3D world that is interactive, immersive, and collaborative. Why should you be interested in Metaverse stocks? First, it has a massive Total Addressable Market (TAM). Moreover, industry experts project that the Metaverse market size will hit the 800 billion USD mark in 2024. On the other hand, other observers suggest that the market size would be as big as 1.5 trillion USD in the next decade.
Metaverse stocks are companies that have been linked to the Metaverse. Additionally, these companies fall into several categories such as:
NVIDIA Corporation (Chipmaker)
NVIDIA invented the NVDA Omniverse model. The company refers to the Omniverse as an open platform developed for virtual collaboration. It also defines it as a platform that facilitates real-time physically exact simulation. These attributes enable users to integrate major design tools, assets, and projects, which allows them to collaborate and iterate in a shared virtual space.
Based on another definition that refers to the Omniverse as a software platform dedicated to creating virtual spaces, it means you need the Omniverse before creating and immersing yourself in the Metaverse.
Meta Platforms, Inc. (social media platform operator and VR hardware manufacturer)
Meta Platforms, formerly known as Facebook, recently announced that it would be pumping a few billion dollars each year on Metaverse-related investments for the foreseeable future. Additionally, experts opine that Instagram Reels and Shops will play a key role in the growth of Meta Platforms in the next five years.
Before changing its name, Meta Platforms was already making strategic acquisitions. For example, the company bought Oculus VR in 2014. Oculus is now the undisputed leader in its market, meaning Meta Platforms was making smart moves. The corporation’s stock ticker symbol also changed from FB to MVRS.
Roblox Corporation (Ecosystem Developer and gaming platform operator)
Roblox is the original Metaverse play because it operated a human co-experience platform that attracted billions of users. However, Meta Platforms’ name switch caught the market’s attention.
The New York Stock Exchange listed Roblox’s shares on March 10th, 2021, through a direct listing. RBLX has already made it apparent that it is a significant player in the future of the Metaverse. The company also assured its investors that it had developed powerful computing devices, cloud computing, and high bandwidth internet connections.
Microsoft Corporation (AR device manufacturer and software company)
Microsoft focuses on enterprise Metaverse. Many companies across different industries are using MSFT’s AR devices. You will find these devices in the manufacturing, education, and healthcare industries. Moreover, reports suggest several organizations are interested in trying the MSFT’s HoloLens headsets. This shows the company has positioned itself as a force in the Metaverse’s future.
Final Thoughts
The companies listed in this article are actively positioning themselves to take advantage of the growth opportunities related to the Metaverse. So if you are planning to invest in Metaverse stocks, these are companies you should seriously consider.