Reports made around the stock market have shown that stocks related to the metaverse are doing great. From an expert perspective, this is no surprise because the concept of Metaverse itself is gradually spreading across all industries. Since the gaming industry adopted the use of Metaverse technology, their stocks have been reported to have shown a significant climb. From recent development, people are beginning to see the benefits of this technology, and are starting to be part of it.
Industries on their part are making modalities available to make sure they don’t miss out on this opportunity. Statistics by McKinsey started that the metaverse has the propensity of creating around $5 trillion in value by 2030. Other industry analysts have proven this to be true, considering how the massive adaptation of this technology. This progress has largely been reflected in the performance of stocks owned by major Metaverse companies. Some of them include:
Formally Facebook, their stocks are considered the best metaverse stocks to buy so far. This company was the first to popularise metaverse technology sometime in 2021. Since then, they have channeled all their resources to it, knowing the lucrative future of gaming that lies within it. The change of the company’s name from Facebook to Meta solidified the speculation that the company is truly devoted to building its new existence around the metaverse. Before the name change, they’d purchased Oculus for $2 billion in 2014, another way of proving their devotion to the development of metaverse around the world. Because of this, Meta stocks have remained consistent on the gainer’s lather.
The surge in the company’s performance at the beginning of 2021. This $440 billion chipmaker which overtook big names like Broadcom Inc. (AVGO) and Intel Corp. (INTC) to become the world’s leading producers of semiconductors has been on the list of best-performing stocks. Their stocks surged after a tip that it is working to expand its operations to the Metaverse industry. Already, they have established their presence in the friends of cryptocurrency mining, Artificial Intelligence, and gaming. The stocks were reported to have increased when they ventured into 3D designs, a move that further confirmed the initial speculation that the company is interested in Metaverse. Nvidia Omniverse: the company’s 3D design platform was the idea behind the surge in NVDA stocks.
This is another big company that has succeeded in ranking top ok the list of best-performing stocks. Like what Meta did with Oculus, Microsoft did the same with the HoloLens headset. This made the price increase between $3,500 and $5,199, unlike Meta Quest 2, which went for $399. Microsoft stocks started experiencing an increase after they signed a $22 billion contract with the United state army to provide them with a newly improved metaverse-induced version of the headset. More investors started paying more attention to the company’s stocks after they announced that they will be buying Activision Blizzard Inc. (ATVI), one of the top video game companies.
Reports confirm that more tech companies are seriously making plans to invest in the metaverse while others like Unity Software Inc. (U) and its likes have already established their presence, while their stocks continue to surge.