Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

Investing in metaverse stocks

9 metaverse stocks that could benefit from the virtual world Meta Platforms, formerly Facebook, is touting.

Facebook (FB) has changed its name to Meta Platforms (MVRS), which is meant to signal a shift in focus from being a social media website and mobile app to creating an immersive online world. Known as the metaverse, this would be a place where you could “plug in” via virtual reality sets, connect with people, shop, play games and more.

This year, Meta expects to spend between $29 USD and $34 USD billion on data centres, servers, network infrastructure and office facilities, which is $10 USD to $15 USD billion more than the company spent in 2021. This investment will lay the groundwork for its version of the metaverse, and other companies could join it and benefit.

Metaverse stocks defined

Metaverse stocks are companies working on the technology used to build, maintain or access what is envisioned as virtual world and has been made famous by science fiction writers. Their fields include chip manufacturing, virtual reality technology, 3D rendering software, servers and network technology.

9 Metaverse stocks to watch

The first metaverse stock to consider is Meta itself. The ticker symbol remains FB until sometime later in 2022 when it will change to MVRS. For investors who want direct exposure to the metaverse, Meta is the first option.

Of course, there are other alternatives, such as companies that offer products and services Meta needs to build its metaverse. However, there are no confirmed companies that will work directly with Meta.

Because of that, we selected some companies that work in related industries and that already offer products and services that could make them potential metaverse players.

CompanyTicker symbolIndustryWhy it’s a metaverse stock
NvidiaNVDASemiconductorsNvidia’s GPUs and chips for AI and machine learning needed to build and render the metaverse
Advanced Micro DevicesAMDSemiconductorsAMD makes GPU units, which will likely be needed for metaverse 3D renderings
Intel CorpINTCSemiconductorsIntel manufactures CPUs used in data centers, but it will enter the GPU market in 2022
UnityUSoftwareUnity created a video game engine that the metaverse could use to build the virtual world
ImmersionIMMRHaptic hardwareImmersion builds haptic feedback hardware and software, which offer feedback by touch that gives users the illusion of feeling virtual worlds
Sony CorpSONYVirtual realityPlayStation creator Sony also produces a virtual reality headset, tech that could be useful for the metaverse
Arista NetworksANETNetworking infrastructureArista Networks, which already works with Facebook, develops networking hardware for data centers and cloud computing
SeagateSTXStorageSeagate is one of the largest hard-drive manufacturers –– and the metaverse will need cloud storage
ShopifySHOPE-commerceEcommerce platform Shopify could be useful for the metaverse’s virtual shops

Advantages and disadvantages of these metaverse stocks

Buying the right metaverse stocks before Meta starts building this virtual world could be extremely profitable. But one key here is that metaverse is a broader concept taken from science fiction, and something a broad range of tech companies are working on. Even Meta Platforms role in what’s built out is far from certain.

Pros of metaverse stocks

  • Days after Meta announced its project, the companies likely to be chosen as partners have seen their stock prices rise. But while headlines can impact a stock, they aren’t a guarantee that any stock will perform well longer term.

Cons of metaverse stocks

  • We don’t know for sure which companies Meta will choose for its metaverse. This means if you invest in a prospective metaverse stock based on that but it’s not included in Meta’s metaverse, it may not perform as well as those that are included.

Investing in metaverse stocks

Investing in metaverse stocks works the same as investing in any other stock.

  1. Find the right metaverse stock.
  2. Open a brokerage account if you don’t have one.
  3. Log in and search the company ticker symbol.
  4. Enter the number of shares and the price.
  5. Review your order and submit it.

Compare stock trading platforms

1 - 6 of 6
Name Product Finder Rating Stock Trading Fee Account Fee Available Asset Types Offer
OFFER
CIBC Investor's Edge
Finder Rating:
★★★★★
4 / 5
$4.95 - $6.95
$0 if conditions met, otherwise $100/year
Stocks, Bonds, Options, Mutual Funds, ETFs
Young investors 18 to 24 can get free online trades and a $0 annual account fee. Conditions apply.
FREE TRADES
Wealthsimple Trade
Finder Rating:
★★★★★
3.9 / 5
$0
$0
Stocks, ETFs
Get 2 free stocks when you deposit and trade $150.
Scotia iTRADE
Finder Rating:
★★★★★
3.8 / 5
$4.99 - $9.99
$0
Bonds, Options, Mutual Funds, ETFs, GICs, International Equities
Interactive Brokers
Finder Rating:
★★★★★
4.1 / 5
Min. $1.00, Max. 0.5%
$0
Stocks, Bonds, Options, ETFs, Currencies, Futures
Questrade
Finder Rating:
★★★★★
4.2 / 5
$4.95 - $9.95
$0
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, International Equities, Precious Metals
Get $50 in free trades when you fund your account with a minimum of $1,000.
OFFER
Qtrade Direct Investing
Finder Rating:
★★★★★
4.1 / 5
$6.95 - $8.75
$0 if conditions met, otherwise $25/quarter
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs
Get $500 in commission free trades when you fund your account with a minimum of $10,000. Conditions apply. Ends August 31st, 2022.
loading

Compare up to 4 providers

Online stock trading

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

More investing guides

Online gaming stocks

Online gaming stocks

iGaming is now legal in Ontario. Find out which companies to keep an eye on with our list of 10 top online gaming stocks.

Read more…
Best brokerage signup bonuses in 2022

Best brokerage signup bonuses in 2022

Enjoy perks like free trades and cash rewards when you open a stock trading account with these online brokers.

Read more…
Popular propane stocks to buy in Canada

Popular propane stocks to buy in Canada

Here’s what you need to know about investing in the propane industry, including 3 popular propane stocks to watch.

Read more…
Best blue chip stocks in Canada and the US

Best blue chip stocks in Canada and the US

Using our proprietary algorithm, we’ve found the best blue chip stocks on the TSX, NYSE and Nasdaq based on price, performance and more.

Read more…
Satellite companies stocks

Satellite companies stocks

Want to invest in satellite companies? We’ve put together a list of 6 satellite stocks you should keep your eye on.

Read more…
5 of the best value ETFs

5 of the best value ETFs

These funds bundle broad market diversification with potentially competitive returns.

Read more…

More guides on Finder

  • Popular propane stocks to buy in Canada

    Here’s what you need to know about investing in the propane industry, including 3 popular propane stocks to watch.

  • Top metaverse projects for 2022

    Keep an eye out for the most promising metaverse projects. Here are the top general and game-focused metaverse projects to watch.

  • NFT Glossary: A to Z

    What exactly is WAGMI? Here’s a list of common terminology and slangs used by NFT communities on social platforms like Twitter, Discord and Reddit.

  • Top crypto games in 2022

    Discover the latest and most popular GameFi titles, project details, upcoming launches and more in this comprehensive crypto game list.

  • How to join the metaverse

    There are many metaverses and a variety of VR technology to enhance your experience in them. Learn what a metaverse is and how to join one.

  • Potash stocks

    Want to invest in the potash industry? We’ve put together a list of potash stocks you should keep your eye on.

  • How to buy Instagram stock in Canada

    Steps to owning and managing stock in Instagram’s parent company, Meta (formerly Facebook), with 24-hour and historical pricing before you buy.

  • Most Popular US Stocks of 2022 (So Far)

    SPONSORED: Thinking about buying US stocks to diversify your portfolio? Here are the most popular US stocks people are buying right now.

  • Can I buy Soulgate stock?

    You won’t be able to buy Soulgate stock now that the company has cancelled its plans to go public. But you can still invest in similar companies.

  • Compare rapid COVID tests for businesses in Canada

    Here’s what you need to know about COVID testing requirements for employees who need to travel for business.

Ask an Expert

You must be logged in to post a comment.

Go to site