11 Best Metaverse Stocks To Invest In

Fahad Saleem
9 min read

In This Article:

In this article, we will take a look at the 11 best metaverse stocks to invest in. To see more such companies, go directly to 5 Best Metaverse Stocks To Invest In.

When Facebook renamed itself to Meta Platforms, Inc. (NASDAQ:META) in a dramatic pivot to the metaverse technology back in October 2021, who’d have thought that in a matter of just a year Meta Platforms, Inc. (NASDAQ:META) would be forced to rethink its priorities. Announcing the shift, Mark Zuckerberg at the time said in a letter:

“Our hope is that within the next decade, the metaverse will reach a billion people, host hundreds of billions of dollars of digital commerce, and support jobs for millions of creators and developers.”

But a latest letter by Mark Zuckerberg paints a different picture. Meta Platforms, Inc. (NASDAQ:META), which recently announced huge layoffs and cost-cutting measures amid the challenging macro backdrop that is hammering ads business, seems not that excited about metaverse. The letter instead frequently mentioned AI. Here’s what Zuckerberg said in his March 2023 letter:

“Our single largest investment is in advancing AI and building it into every one of our products. We have the infrastructure to do this at unprecedented scale and I think the experiences it enables will be amazing. Our leading work building the metaverse and shaping the next generation of computing platforms also remains central to defining the future of social connection. And our apps are growing and continuing to connect almost half of the world’s population in new ways. This work is incredibly important and the stakes are high. The financial plan we’ve set out puts us in position to deliver it.”

The artificial intelligence mania ushered in after the launch of ChatGPT and the subsequent AI wars among major tech companies have jolted Meta Platforms, Inc. (NASDAQ:META) to its core. Some analysts even said the company might be “killing” metaverse projects to focus more on AI.

Is Metaverse Dead?

But does that mean metaverse has become irrelevant even before it reach actuality? The answer is a resounding no. Major companies, including Meta Platforms, Inc. (NASDAQ:META), are heavily investing in metaverse, which includes augmented reality, virtual reality, extended reality and even AI. Analysts believe the confluence of AI and metaverse in the future could create new opportunities.

The hullaballoo around AI shouldn’t let you think that metaverse is a relic of the past. In fact, spending in the sector is thriving.

Forrester  recently surveyed 903 executives and found out that 46% of consumer brand marketers in the industry believe they will increase their metaverse budgets this year, while only 12% said they will spend less.

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