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The world of Metaverse stocks has seen a lot of ups and downs in recent years.
It reached its peak meta platform (Nasdaq:meta) will be rebranded from its former alias, Facebook, in late 2021. sandbox (CCC:SAND-USD) became very popular. There was growing optimism about virtual worlds and their possibilities.
But as the economic realities of late 2021 set in, the optimism quickly faded. Runaway inflation has dampened growth and a rate hike is imminent. The cold season has begun and 2023 has begun.
Currently, especially large companies apple (Nasdaq:AAPL) showed interest. And that makes cheaper stocks worth buying now.
Qualcomm (Nasdaq:QCOM) is one of the most prominent chipmaker stocks associated with the Metaverse. Companies offering this opportunity are focused on the Snapdragon chipset and its application to the metaverse.
Additionally, Qualcomm has created the Snapdragon Spaces XR developer platform to support the Metaverse and its development. The platform is designed to enable developers to leverage the company’s technology to create virtual, augmented and mixed reality worlds that humans can interact with.
Investors should consider this as the next stage of potential. Qualcomm is working with key partners, including Metaplatform, to develop the technology. The company has clarified that it is unsure about the latest development iteration, but remains committed to moving forward. YouTube series video To learn more about this subject, QCOM resources are available.
Qualcomm will play a key role in the development of this space, and its low price relative to earnings will make it a good buy.
roblox (Nasdaq:RBLX) is probably the best-known metaverse strain outside the meta. In total, users have been able to build over 40 million games on their platform. All of these can be thought of as worlds in their own right, but Roblox includes many VR games as well.You can find some of the most popular at The Gamer.
Roblox is clearly one of the leaders in the emerging metaverse. The company has won many fans in its niche. $655.3 million First-quarter earnings, which represent 22% growth on a year-over-year basis for the company, even if that growth hasn’t come cheap.
Roblox reported a net loss of $268.3 million during the same period. As Roblox’s revenue shows, the cost of building a platform for creators is high. One of the more important metrics for Roblox is reservations. It represents a virtual currency that can be used for purchases on the Platform. It was up 23% in the first quarter.
Autodesk (Nasdaq:ADSK) is a Metaverse stock, but the name may not necessarily remind you of virtual worlds. The company is best known for his AutoCAD, a computer-aided drawing software.
The company’s software is used to help build the digital infrastructure of the Metaverse world. The company is particularly focused on Building Information Modeling (BIM). In short, BIM enables users to create and manage information about real-world building assets using all kinds of applications. It is also used to create digital assets that exist only within the digital world. This could create new revenue streams within the gaming and other industry metaverses.
The company partners with game companies to expertly leverage AutoCAD technology to build worlds based on the Unreal engine. Autodesk is expanding this opportunity and will continue to be an integral part of the future Metaverse with rising stock prices. discount level.
As of the date of publication, Alex Sirois did not hold any positions (directly or indirectly) in the securities referenced in this article. The opinions expressed in this article are those of the writer and are subject to InvestorPlace.com. Publication guidelines.