- Easy-to-use platform
- Low fees
- Student and young investor discounts
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.
- Access to international stock exchanges
- Low margin rates
- Powerful research tools
- $50 in free trades
- Low commissions
- Easy-to-use app
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.
|Company||Ticker symbol||Industry||Why it’s a metaverse stock|
|Nvidia||NVDA||Semiconductors||Nvidia’s GPUs and chips for AI and machine learning needed to build and render the metaverse|
|Advanced Micro Devices||AMD||Semiconductors||AMD makes GPU units, which will likely be needed for metaverse 3D renderings|
|Intel Corp||INTC||Semiconductors||Intel manufactures CPUs used in data centers, but it will enter the GPU market in 2022|
|Unity||U||Software||Unity created a video game engine that the metaverse could use to build the virtual world|
|Immersion||IMMR||Haptic hardware||Immersion builds haptic feedback hardware and software, which offer feedback by touch that gives users the illusion of feeling virtual worlds|
|Sony Corp||SONY||Virtual reality||PlayStation creator Sony also produces a virtual reality headset, tech that could be useful for the metaverse|
|Arista Networks||ANET||Networking infrastructure||Arista Networks, which already works with Facebook, develops networking hardware for data centers and cloud computing|
|Seagate||STX||Storage||Seagate is one of the largest hard-drive manufacturers –– and the metaverse will need cloud storage|
|Shopify||SHOP||E-commerce||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.
- Find the right metaverse stock.
- Open a brokerage account if you don’t have one.
- Log in and search the company ticker symbol.
- Enter the number of shares and the price.
- Review your order and submit it.
Compare stock trading platforms
More investing guides
Your guide to how ETFs work and whether this type of investment is right for you.Read more…
Learning how to read stock charts and recognize chart patterns can unlock your success as a trader.Read more…
Owning a stock means you own part of a company and can potentially grow your wealth. But there is a risk of loss.Read more…
Learn how to research stocks and find the right investment opportunities in 4 steps.Read more…
Market volatility can be nerve-wracking. Discover 3 trading strategies plus the pros, cons and risks of investing in volatile markets.Read more…
Find out the key differences between the Dow Jones and S&P 500 plus key points to consider before investing.Read more…
More guides on Finder
Line of credit vs credit card
Learn the difference between a line of credit and a credit card to choose the best fit for you.
How credit card churning in Canada works
The controversial strategy of credit card churning involves applying for credit cards with bonus point offers, then cancelling them when you’ve been rewarded.
Credit cards with airport lounge access in Canada
Get access to some of the best airport lounges in Canada, and worldwide, with these credit cards.
Best platinum credit cards for 2023
Get access to benefits such as comprehensive insurance coverage, high credit limits and other features with a platinum credit card.
Best credit cards for seniors
Compare credit cards for retirees and pensioners and learn how to find the right card for your needs.
Gold vs platinum credit cards: Which is best?
Gold and Platinum credit cards both offer a variety of exclusive perks and features for different spending habits and needs.
Want to pay your bills with a credit card?
Want to pay and manage your bills with a credit card so you’ll never miss a payment again? We’ve got you covered.
How credit card interest rates work in 2023
Find out how to calculate credit card interest and understand the different types of interest rates that you may face.
Can you get a credit card from a different bank?
It is possible to get a credit card from another bank other than your own. Learn how to take advantage of a better offer and apply today.
Scotiabank SCENE+ Visa Card Review
Access Scotiabank’s top-notch movie rewards program when you sign up for the SCENE Visa Card.
Ask an Expert
You must be logged in to post a comment.