1 October 2024
The 7 Finest Metaverse Stocks To Invest In 2022
Author Neal Stephenson is credited with coming up with the word "Metaverse" in 1992. He did so in order to depict a vision of technology that will one day emerge from the world of fiction with startling precision. He had no idea that his science fiction idea would eventually find its way into the real world and garner the interest of companies and investors all around the world. The Metaverse is picking up speed by the minute, and many prominent figures in the financial industry are becoming engaged in it.
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As a result of Metaverse stocks rapidly becoming a subject of conversation on Wall Street, they have rapidly become one of the financial movements that are most closely studied. If you are interested in learning more about this kind of investment and are thinking about including stocks in your investment portfolio, the recommendations that follow will assist you in getting started. It is possible to feel overwhelmed while attempting to monitor all of the different Metaverse stocks that are now receiving attention in the world of finance. The following is a list of seven Metaverse stocks that provide opportunities for gain in 2022.
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1. Roblox (RBLX)
It's something more than a kid's game when it comes to this internet entertainment platform. It may be the closest approach to a fully complete Metaverse that is currently available. In terms of performance, it has a 52-week range between $21.65 and $141.60, which isn't terrible. Roblox is a free-to-play virtual world, with in-game purchases made using Robux, a virtual currency. A couple of years ago, Roblox had more than 164 million monthly active users, including more than half of all American children under the age of 16.
2. Match Group (MTCH)
Tinder and Match.com's parent organization, Match Group, is the most well-known name in the dating sector, and it faces minimal challenges. It intends to create a virtual world for singles to interact in. The company's stock price hasn't dropped since it announced on May 9 that it is challenging Alphabet to maintain its applications on Google Play without giving up more than 30% of its income. 52 weeks of data are available, with a price range of $67.87 to $182. P/E Ratio: 82.70; also has an excellent P/E ratio
3. Take-Two Interactive (TTWO)
Blockbuster Games including Grand Theft Auto, NBA 2, and Red Dead Redemption were developed and published by this video game business. The company's online virtual multiplayer platform, known as GTA Online, generates well over half a billion dollars in annual revenue via in-app purchases. This has a range of data that spans a period of 52 weeks and has a performance that falls anywhere between $101.85 and $195.83. Additionally, it's P/E Ratio performance is 24.11.
4. NVIDIA (NVDA)
Circuits for artificial intelligence and high-end computers are produced by this business, which also makes graphics and video processing chipset. In addition to being a popular investment option, it is now playing a significant part in the operation of the Metaverse. It does have data over a period of 52 weeks and has a performance that ranges from $135.43 to $346.47. Additionally, it has a P/E Ratio performance of 44.85.
5. Unity Software (U)
Unity is the proprietor of one of the most well-known 3D video game engines, and their software is included in a number of the most successful video games available today. As a direct result of this, U stock has the potential to turn into a golden treasure for those individuals who are laying their bets on the gamification of the Metaverse. It contains a range of data that spans 52 weeks and has performance that falls anywhere between $29.09 and $210.
6. Autodesk (ADSK)
Autodesk makes a lot of popular 3D design software for architecture and industry, such as AutoCAD. They also make software for visual effects, virtual reality, and generative design, which developers and artists can use to make virtual worlds and assets, such as NFTs. It contains data over a period of 52 weeks, with a range that goes from $175.41 to $344.39 and a performance of 86.31 for the price-to-earnings ratio
7. Microsoft (MSFT)
As reported by Cointelegraph, Microsoft revealed earlier this year that it would purchase Activision Blizzard for $70 billion, giving them access to the company's 390 million monthly customers, as well as popular games like Call of Duty. Microsoft's newest Metaverse play follows their mixed-reality environment Weave for Communities and Hololens, their augmented reality gear and platform. It contains data that ranges from $238.60 to $349.67 over a period of 52 weeks and has a P/E Ratio of 27.21. Additionally, it has a performance of a P/E Ratio performance of 27.21.
The Bottomline
Many firms sought to get in on the Metaverse boom as Meta platforms became more popular. The worldwide Metaverse market is expected to reach $800 billion by the end of 2024, according to estimates. Metaverse stocks are a hot commodity right now, and you may want to get in on the action sooner rather than later. If you're interested in dipping your toes into the Metaverse stock realm, any of the aforementioned alternatives are a fantastic place to start. To a large extent, they've already shown themselves in the real world, and it seems that they'll be well-suited for this new role.
Disclaimer: The author’s thoughts and comments are solely for educational reasons and informative purposes only. They do not represent financial, investment, or other advice.