In October last year, Facebook made headlines with the announcement that it was changing its company name to Meta. It said it was focused on building a "metaverse", so a new company name was chosen to reflect this vision. The metaverse is a concept that is all about creating integrated virtual online environments where people live, work and play. Although the term was already familiar to insiders, Facebook's announcement brought the topic to the attention of a wider audience. In this article, we present some Metaverse stocks, i.e. companies that have a good chance of being among the winners if Meta's vision becomes a reality.
Nvidia
- Company: NVIDIA Corporation
- Symbol (TWS): NVDA
- ISIN: US67066G1040
- Stock exchange: Nasdaq
- Country: USA
- Currency: US Dollar
- Market capitalization: USD 629.03 billion
- Sales (TTM) in USD: 24.27 billion
Mark Zuckerberg, CEO of Meta Platforms, recently talked about which companies he thinks are likely to be among the winners of the Metaverse. In particular, he emphasized Nvidia and its graphics chips, which are needed to run the virtual reality applications in the Metaverse. In addition to these long-term growth opportunities, Nvidia also has Omniverse, a development platform used for 3D simulations and design collaboration that is already being used by major companies such as BMW and Siemens Energy. Further potential for Omniverse comes from its Avatar platform. Omniverse Avatar enables designers to develop interactive assistants with artificial intelligence (AI), which can be used in particular in the area of customer service.
Amazon
- Company: Amazon.com Inc
- Symbol (TWS): AMZN
- ISIN: US0231351067
- Stock exchange: Nasdaq
- Country: USA
- Currency: US Dollar
- Market capitalization: USD 1527.66 billion
- Sales (TTM) in USD: 457.97 billion
Amazon is no longer just an online store, but an ecosystem that offers shopping, entertainment and cloud services for its users. Amazon has the world's leading online shopping platform and it is believed that the company will try to set up a kind of "Amazon Mall" in the metaverse. Customers will be able to interact and buy digital products there. Amazon also has a cloud computing platform, Amazon Web Services, which is likely to play an important role in setting up and maintaining the Metaverse infrastructure.
Unity Software
- Company: Unity Software Inc
- Symbol (TWS): U
- ISIN: US91332U1016
- Stock Exchange: New York Stock Exchange
- Country: USA
- Currency: US Dollar
- Market capitalization: 28.7 billion
- Sales (TTM) in USD: 1.01 billion
Unity Software is a San Francisco-based company that owns one of the two most important 3D video game engines that allows developers to customize player movement and interactions in their games. Almost all major game development studios use the Unity engine. John Riccitiello, CEO of Unity, has already emphasized that the company will support and shape the metaverse. The focus will be on content creation, cross-platform access and better collaboration between developers and consumers. In other words, Unity could play a central role in helping companies build a presence in the metaverse.
Match Group
- Company: Match Group Inc
- Symbol (TWS): MTCH
- ISIN: US57667L1070
- Stock exchange: Nasdaq
- Country: USA
- Currency: US Dollar
- Market capitalization: USD 31.7 billion
- Sales (TTM) in USD: 2.83 billion
Match Group is the operator of online dating platforms like Tinder and Hinge. The company has already added features like video communication and voice samples to the profiles of its platforms and apps. However, Tinder, for example, is still "just" an app with a matching function, not a simulation of real life. Shar Dubey, CEO of Match, talked about a new product called Singletown. In it, users have the ability to meet and have conversations virtually. While this is only an initial test of a Metaverse application, it shows the potential for Match to maintain its role as a leader in online dating in the long term and benefit from the Metaverse.
Meta Platforms
- Company: Meta Platforms Inc.
- Symbol (TWS): FB
- ISIN: US30303M1027
- Stock exchange: Nasdaq
- Country: USA
- Currency: US Dollar
- Market capitalization: USD 898.5 billion
- Sales (TTM) in USD: 112.33 billion
As mentioned at the beginning, Mark Zuckerberg - CEO of Meta Platforms (formerly Facebook) - is one of the driving forces behind the vision of the Metaverse. Zuckerberg said during a media event: "Today we are seen as a social media company, but in our DNA we are a company that builds technology to connect people, and the metaverse is the next frontier, just like the social network was when we started.". Virtual reality subsidiaries Oculus and Horizon are likely to play a big role in the development of the Metaverse, as you can also read in our article "Virtual reality stocks".