Here are Three Stocks That Could Benefit from Metaverse
Business ı By Rochdi Rais
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Facebook has rebranded its company last week to become Meta. The social media giant’s transition to the virtual universe is turning Sci-fi into a reality.
The new concept that Facebook disclosed last week will incorporate augmented reality (AR) and virtual reality (VR) with social media. In other words, people can enter a virtual universe using AR and VR using headsets.
Consequently, with the transition into a virtual social media platform, several stocks -- that aren’t directly linked with Meta – could benefit from the upgrade to this virtual world.
For instance, Todd Gordon, founder of Inside Edge Capital Management mentioned the $6 billion company Matterport. The American company specializes in 3D capturing for real estate companies among other industries.
“The margins will be good. It’s a subscription-based model. Half of the revenues this year come from subscriptions with the iOS and the Galaxy app. Management says by 2025 80% of the revenues will come from the subscription,” Gordon said Tuesday.
Matterport is expected to reach $118.4 million in revenue by the end of 2021, according to FactSet. Gordon estimates that this would surge by about 56% in 2022.
“They have a big first-mover advantage. They’ve got almost 6 million digitized scans of buildings and infrastructures which is supposed to be 100 times the nearest competitor,” Gordon added.
Matterport became public via a SPAC in July. During the last three months, the company’s shares surged by more than 50%.
Meanwhile, Eva Ados, chief investment strategist at ERShares, believes that chips will be the biggest winners from the Meta’s transition to virtual social media.
“We like Nvidia for many reasons. The metaverse is one additional reason. In fact, we think Nvidia will be the next trillion-dollar [stock] after Tesla,” Ados said during the same interview, referring to Tesla’s recent move above a $1 trillion market cap milestone. Nvidia has a $660 billion market cap.
“The infrastructure is key to the metaverse. Many companies will build it, but most of the revenues will be generated by the companies that provide the infrastructure and that’s where Nvidia comes in because they’re already a leader in artificial intelligence, semiconductor space. Their chips and computer power are key to the metaverse,” she said.
Nvidia stock surged 102% in 2021.
“I also like Roblox,” she said. “Most of the innovation will come from gaming. Roblox already has metaverse-like experiences. It’s a company that’s growing the most when it comes to the gaming industry – 117% growth, that’s 10 times the industry average.”
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