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.
