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    Five Best Metaverse Stocks To Buy In 2022

    By Ali Hassan

    Apr 21,2022

    3:21 AM UTC

    The metaverse is the buzzword of the moment in technology after Meta Platforms was announced in October 2021. Mark Zuckerberg seems to bring this concept to life so that people can experience immersive content in three dimensions. Well, the idea of the metaverse is not new and companies have already progressed in it. The metaverse space is going to pick more hype in the coming years. 2022 can be a great time to invest in metaverse stocks. Now the investors must have to look at the best metaverse stocks to buy.

    With giants like Facebook and Microsoft introducing metaverse elements into the fabric of their business models, it’s not a concept that can be no longer ignored. So, to figure out where the technology will be in a few years, we have to look at what these industry leaders are doing now.

    If companies have to survive, they are poised to adopt the metaverse, especially the tech companies. We’ll be going through the top metaverse stocks to buy.

    Unity Software Inc. (U)

    Unity Software (U) operates a real-time 3D development platform. Unity could be the engine that creates the new digital world. Using software to build a metaverse will be a critical part of the industry’s development. Unity could be at the forefront of this, with over 1.5 million active monthly creators already on its platform.

    It is unlikely that one large company will be at the center of the metaverse; a more realistic idea would be that there are millions of users creating their own lives. Considering that Unity would make money helping its millions of creators create their own metaverse, Unity has the potential to be a successful pick-and-shovel play.

    The company is already an established player in the game development space, bringing in almost $800 million in 2021. It is also the software engine on which Among Us, one of the world’s most popular games, was created. With a strong reputation and 973 game creators already spending over $100,000 with Unity, the company could establish itself as the primary metaverse creation tool. Once the market really takes off, Unity will surely enjoy its time.

    Additionally, Unity Software has plenty of cash to invest in itself as the metaverse grows. With a loyal creator base and a growing reputation as a successful game creation engine, Unity could reap major benefits from the growth of the metaverse and it can be a good option for investors if they are looking at metaverse stocks to buy.

    QUALCOMM Incorporated (QCOM)

    QUALCOMM Incorporated (QCOM) is an American technology firm that designs semiconductors for use in a wide variety of gadgets. When it comes to the metaverse, the company aims to be at the center of the digital universe by powering devices that allow users to enter the 3D environment.

    QUALCOMM’s semiconductor products, such as Snapdragon chipsets, run hardware like the Oculus Quest 2 VR headset that is essential to access the metaverse. The good part is that the Oculus Quest 2 seems to be in great demand already. Meta had reportedly shipped 10 million units of the device by November 2021. That means it took just over a year to hit that milestone since launching in October 2020.

    It looks like Qualcomm is now on track to take a big chunk out of the VR market. Especially, after its partnerships with leading players to provide chips for headsets that will help consumers get a taste of the metaverse.

    During the recent quarter, QUALCOMM earned $9 billion in revenue and a non-GAAP EPS of $2.55, beating analyst estimates for both. Mizuho raised the company’s price target to $195 from $170 in November 2021, stating that the rollout of 5G cellular technologies spells a positive catalyst for the company.

    Metaverse is the new dimension of the internet world and we believe companies will be investing heavily in it and investors must be finding out good metaverse stocks to buy.

    Matterport Inc. (MTTR)

    Smaller companies could also play a key role in the development of the metaverse. Matterport (MTTR) stands out as one great example.

    With its 3-D image capture technology, Matterport is currently allowing businesses to bring their real-life spaces to the cloud. Matterport’s software not only stores digital replicas of physical spaces, but it allows businesses to analyze them and use them online. For instance, the company helps Redfin takes a 3-D image of a house and uploads it to its website for consumers to take a virtual tour. Isn’t that cool?

    The potential to bring this technology into the creation of the metaverse is astounding. The potential for enabling the creation of both a metaverse economy and casual spaces is vast. Matterport is the perfect company that holds the position to design the future lifestyle of the meta world.

    Matterport’s unique first-mover advantage has allowed it to attract over 439,000 subscribers, with 6.2 million spaces. Moreover, the image-capture technology of MTTR can also be used on your smartphone, making it easy for creators to bring their spaces with them to the metaverse.

    Matterport’s image-capture technology can also be used on your smartphone, making it easy for creators to bring their spaces with them to the metaverse. This combination of simplicity and current adoption could create a strong brand name over the next five years.

    For now, the brand name is not too established. Matterport doesn’t seem to report profits anytime soon. But the company still has captured just a tiny fraction of its $240 billion in total addressable markets. With the rise of the metaverse, Matterport seems likely to grow tremendously in the coming years, which makes its place on the list of metaverse stocks to buy.

    Zoom (ZM)

    Zoom Video Communications (ZM) may not immediately come to mind when discussion of the metaverse arises, but it does have a place there. In other words, the metaverse will be where companies will eventually be hosting meetings.

    At first, this doesn’t look like good news for Zoom. As the company provides a video-conferencing service that allows us to communicate digitally. However, Zoom is already making moves to ensure that the metaverse doesn’t render it obsolete.

    Zoom and Facebook are working together to offer a more immersive product experience, anticipated next year, using virtual reality. This integration will bring Zoom Meetings and Zoom Whiteboard into the VR space using Oculus headsets. That will enable users to visualize their entire canvas without the need for a large screen.

    Zoom points out that customers from both virtual and real worlds will be able to connect with the help of Zoom Meetings. ZM could eventually turn out to be a metaverse winner thanks to its huge customer base and new solutions. That’s why investors looking to benefit from this emerging technology trend should have ZM stock on their metaverse stocks to buy radar.

    Advanced Micro Devices (AMD)

    Just like QUALCOMM, Advanced Micro Devices (AMD) is also making its way into the metaverse space. AMD’s EPYC server processors will power Meta Platforms data centers. AMD’s partnership with Meta could turn out to be a big deal in the long run.

    Meta Platforms are likely to spend more money on upgrading capacity and building faster servers. That means that AMD would be benefitting from the deal with Zuckerberg’s company. . AMD has put itself in a solid position to tap into this massive opportunity with its Meta partnership.

    This is one of the ways AMD is on track to take advantage of the metaverse. Gaming is one area where the use of the metaverse is already prevalent. AMD is on track to win big from this space as it supplies chips to Microsoft and Sony for their latest gaming consoles.

    All this indicates that the metaverse could unlock another growth opportunity for AMD in the long run. That makes AMD stock a top metaverse stock to buy in the meta category.

    In the coming years, many things will change and we’ll no longer be predicting the metaverse future. We’ll see it for ourselves.

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