Jim Cramer Says These 4 Companies Are The Best Ways To Invest In The Metaverse
CNBC’s Jim Cramer said on Wednesday that he believes there are four noteworthy stocks investors should buy if they are to bet on the success of the so-called metaverse.
“In the future, a lot of companies will try to pretend they’ve got a piece of the metaverse,” the host of “Mad Money” said. However, for now, he said the best places to turn are Meta, the parent company of Facebook, online gaming platform Roblox, semiconductor company Nvidia, and Unity, a development company. video game software.
The metaverse is an increasingly popular term on Wall Street that refers to immersive digital worlds in which people can connect using a variety of devices. “Will the younger ones want a slice of this? I can’t be sure. I’m not one of them, but I know fund managers love it and maybe it’s more. important, ”Cramer said.
Although known in sci-fi circles for years, the Metaverse has been in the spotlight in recent weeks after Facebook changed its company’s name to Meta. Company executives, including CEO Mark Zuckerberg, said the move was designed to reflect the company’s ambitions beyond social media. He is investing billions of dollars to develop this vision, expecting it to materialize over the next decade.
In addition to Meta, Cramer said that Nvidia’s high-powered graphics chips will play an important role in the Metaverse.
Roblox, on the other hand, already has its “own internal metaverse,” Cramer said, alluding to the fact that Roblox users are developing games that can then be played by other people on the platform.
Finally, Cramer said Unity deserves to be seen as a metaverse piece. The software company on Tuesday announced a stock and cash purchase agreement for the visual effects studio behind “Lord of the Rings” and “Avatar.”
“These are the companies that are currently doing the best work in the Metaverse. Ultimately, I think it will succeed or fail depending on its ability to create powerful experiences,” Cramer said.
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