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.
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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.
Ecommerce 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.
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Kliment Dukovski is a personal finance writer at Finder, specializing in investments and cryptocurrency. He's written more than 700 articles to help readers compare the best trading platforms, understand complex investment terms and find the best credit cards for their needs. His expert commentary has been featured in such digital publications as Fox Business, MSN Money and MediaFeed. He’s also well-versed in money transfers, home loans and more — breaking down these topics into simple concepts anyone can understand. In another life, Kliment ghostwrote guides and articles on foreign exchange, stock market trading and cryptocurrencies.
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