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Top 13 Metaverse Stocks to Purchase Right Now: A Guide for Investors

The worldwide metaverse market, worth $98.7 billion in 2023, is projected to grow to $1,402.5 billion by 2032, with a projected 34.29% CAGR.

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Top 13 Metaverse Stocks to Purchase Right Now: We go over the top 13 metaverse stocks to purchase right now in this post. If you want to jump straight to the 5 Best Metaverse Stocks To Buy Right Now and ignore our in-depth analysis of the metaverse, click here.

In 2023, the worldwide metaverse market was estimated to be worth $98.7 billion. By 2032, it is projected to have grown to $1,402.5 billion. The IMARC Group projects a 34.29% compound annual growth rate (CAGR) for the 2024–2032 prediction period.

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Developments in blockchain, cloud computing, augmented reality (AR), and virtual reality (VR) are some of the factors driving this expansion. Rising user interest in immersive digital experiences, social media platforms, online gaming, better internet access, and an increasing demand for customized experiences all contribute to the metaverse’s expansion.

Tarik Chebib believes that the gaming industry, which is already using alternate worlds in games like Roblox and Fortnite, is going to be a major player in the metaverse. With 3.2 billion gamers worldwide, there is a sizable potential market for the metaverse revolution. Moreover, the gaming industry provides invaluable software know-how that forms the basis for the creation of the metaverse.

According to Chebib, the main shortcoming is hardware. He stressed the need for a simple solution that doesn’t require people to wear heavy headsets in order to participate. The metaverse’s growth is anticipated to have a major positive impact on the gaming industry, which is estimated to account for $400 billion, or around half of the market, by 2024. Prominent participants in this field comprise Epic Games, Roblox, and Microsoft, which fortified its stance by acquiring Activision Blizzard, the folks behind Call of Duty, for an unprecedented $69 billion. Because of Microsoft’s dominance in the market, especially with games like Minecraft, other companies might decide to follow suit.

Given Mark Zuckerberg’s excitement about the possibilities of virtual and augmented reality, Facebook changed its name to Meta in October 2021, signaling the beginning of the metaverse era that was predicted to last until 2022. However, this never happened, as artificial intelligence overtook the metaverse in 2023. Nonetheless, given Apple’s $3,500 Vision Pro headset, which was unveiled in the middle of 2023, there may be a metaverse comeback in the media in 2024. There is conjecture that it might have a revolutionary effect on the metaverse, much to what the iPhone and iPad accomplished for smartphones and portable tablet computers, respectively.

Top 13 Metaverse Stocks to Purchase Right Now

13. PayPal Holdings, Inc.

78 people own hedge funds

Technology corporation PayPal Holdings, Inc. (NASDAQ:PYPL) enables digital payments for customers and businesses worldwide. PayPal Holdings, Inc. (NASDAQ:PYPL) beat Wall Street projections by $0.12 and $130 million, respectively, when it posted Q4 non-GAAP EPS of $1.48 and $8 billion in revenue on February 7. Payment transactions increased by 13% in the fourth quarter of 2023 to reach 6.8 billion, while the total for the fiscal year 2023 increased by 12% to 25 billion. In spite of this, the number of active accounts fell by 2% on an annual basis to 426 million.

Insider Monkey’s database for the third quarter indicates that 78 hedge funds, as opposed to 86 funds in the previous quarter, were positive on PayPal Holdings, Inc. (NASDAQ:PYPL). Gavin Baker’s Atreides Management, which owns 4.17 million shares worth $244 million, is a significant shareholder in the company.

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One of the top metaverse stocks to keep an eye on is PayPal Holdings, Inc. (NASDAQ:PYPL), along with Microsoft Corporation (NASDAQ:MSFT), Amazon.com, Inc. (NASDAQ:AMZN), and NVIDIA Corporation (NASDAQ:NVDA).

12. Broadcom Inc.

87 people own hedge funds.

Global semiconductor manufacturer Broadcom Inc. (NASDAQ:AVGO) specializes in the creation and distribution of semiconductor devices. Semiconductor Solutions and Infrastructure Software are its two business segments. Among the greatest metaverse stocks to buy is this one. The Q4 non-GAAP EPS of $11.06 and $9.3 billion in revenue posted by Broadcom Inc. (NASDAQ:AVGO) on December 7 above Wall Street projections by $0.10 and $20 million, respectively.

As per the third quarter database of Insider Monkey, 87 hedge funds have long positions in Broadcom Inc. (NASDAQ:AVGO), which is an increase from the previous quarter’s 72 funds. With a $1.70 billion holding, Ken Fisher’s Fisher Asset Management is the company’s largest shareholder.

11. Disney Company, Inc.

89 people own hedge funds.

The three segments of The Walt Disney Company (NYSE:DIS) are experiences, sports, and entertainment. The company is a global provider of entertainment. The Walt Disney Company (NYSE:DIS) increased its semi-annual dividend by 50% to $0.45 per share on February 8 from its previous payout of $0.30. To stockholders of record as of July 8, the dividend is payable on July 25.

Insider Monkey’s database for the third quarter shows that 89 hedge funds, as opposed to 92 funds in the previous quarter, were positive on The Walt Disney Company (NYSE:DIS). Trian Partners, owned by Nelson Peltz, holds the most number of shares in the company—32.8 million, valued at $2.66 billion.

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10. Taiwan Semiconductor Manufacture Company Limited

107 people own hedge funds.

Global integrated circuit and semiconductor device manufacture, packaging, testing, and sales are the activities of Taiwan Semiconductor manufacture Company Limited (NYSE:TSM). It’s a great metaverse stock to keep an eye on. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) announced on February 7 that its sales for January was roughly NT$215.79 billion, up 22.4% from December and 7.9% from January 2023. Together with these announcements, TSMC recently revealed plans to work with Sony, Denso, Toyota, and the Japanese government to build a second chip fabrication facility in Japan.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) was the subject of 107 hedge funds’ bullishness in the third quarter, down from 121 funds in the previous quarter, per Insider Monkey’s database. Jean-Marie Eveillard owns a sizable $780.3 million stake in the company. First Eagle Investment Management

9. Alibaba Group Holding Limited

110 people own hedge funds.

Alibaba Group Holding Limited (NYSE:BABA) provides marketing services and technological infrastructure to facilitate global user and customer engagement for merchants, brands, and companies. It is among the top investments in metaverse equities. Alibaba Group Holding Limited (NYSE:BABA) beat Wall Street projections by $0.03 and $270 million, respectively, when it posted Q3 non-GAAP EPADS of $2.67 and revenue of $36.67 billion on February 7. Alibaba declared that the board had approved a $25 billion extension of its stock buyback program through the end of March 2027. With three fiscal years to go, the corporation will be able to buyback shares with $35.3 billion left over.

Insider Monkey’s database for the third quarter indicates that 110 hedge funds, as opposed to 112 funds in the previous quarter, were positive on Alibaba Group Holding Limited (NYSE:BABA).

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8. Advanced Micro Devices, Inc.

110 people own hedge funds.

Global semiconductor manufacturer Advanced Micro Devices, Inc. (NASDAQ:AMD) is involved in the data center, client, gaming, and embedded markets. The company offers graphics processing units, x86 microprocessors, and other associated goods and services. NASDAQ:AMD, or Advanced Micro Devices, Inc., is a great metaverse stock to keep an eye on.

Advanced Micro Devices, Inc. released improved revenue guidance on February 1. The company now projects sales of $3.5 billion for the current year, up from $2 billion in the prior projection. According to Christopher Danely, an analyst at Citi, AMD may be purposefully underestimating its sales, and there are signs that the actual numbers may surpass the estimates. According to Danely, AMD might make $5 billion this year and $8 billion the following year from the MI300, an artificial intelligence-related product.

Insider Monkey’s database for the third quarter shows that 110 hedge funds, as opposed to 112 funds in the previous quarter, were long Advanced Micro Devices, Inc. (NASDAQ:AMD). Philippe Laffont-led Coatue Management, one of the company’s major investors, owns 12.4 million shares worth $1.28 billion.

7. Adobe Inc.

112 people own hedge funds.

Seventh on our list of the top metaverse stocks for investing is Adobe Inc. (NASDAQ:ADBE). The three segments of Adobe Inc. (NASDAQ:ADBE) are Digital Media, Digital Experience, and Publishing and Advertising. Adobe is a multinational software corporation. Due to growing regulatory obstacles worldwide, Adobe and Figma jointly announced on December 18 that their $20 billion merger was called off. The corporations expressed their opinion that there is no obvious way to get the required approvals from the UK Competition and Markets Authority and the European Commission. Adobe will pay Figma the $1 billion termination fee that was agreed upon in light of the deal’s termination. Barclays raised Adobe Inc. (NASDAQ:ADBE) shares to Overweight after this development, noting a decrease in dilution worries.

Insider Monkey’s database for the third quarter shows that 112 hedge funds, as opposed to 109 funds in the previous quarter, were positive on Adobe Inc. (NASDAQ:ADBE).

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6. Apple Inc.

134 people own hedge funds.

Apple Inc. (NASDAQ:AAPL), which just unveiled the Apple Vision Pro, its first mixed-reality headset, has demonstrated an enhanced commitment to the metaverse. With the HMD, users can access a portion of the metaverse and engage in virtual and augmented reality experiences. It has Apple’s metaverse-inspired VisionOS operating system, which prioritizes spatial computing. With this introduction, Apple is making a calculated strategic entry into the extended reality (XR) market. Among the top equities to keep an eye on in the metaverse is Apple Inc. (NASDAQ:AAPL).

Insider Monkey’s database for the third quarter indicates that 134 hedge funds, as opposed to 135 funds in the previous quarter, were long Apple Inc. (NASDAQ:AAPL). The company’s largest shareholder, Berkshire Hathaway, owned by Warren Buffett, has 915.5 million shares, valued at $156.75 billion.

On our list of the top metaverse stocks to buy, Apple Inc. (NASDAQ:AAPL) is ranked sixth, after Microsoft Corporation (NASDAQ:MSFT), Amazon.com, Inc. (NASDAQ:AMZN), and NVIDIA Corporation (NASDAQ:NVDA).

5. Alphabet Inc.

163 people own hedge funds.

In order to increase its presence in Metaverse technologies, Alphabet Inc. (NASDAQ:GOOG) has made a number of acquisitions. One such acquisition was Raxium, which gave them access to AR/VR hardware solutions. Ongoing initiatives like Google Iris and Starline, part of the Google Metaverse Project, seek to create gadgets that provide users with total immersion in virtual worlds. Along with other VR and AR technologies, Alphabet Inc. (NASDAQ:GOOG) has also unveiled Google Glass, Google Glass Edition 2, and Google Cardboard. Among the top metaverse stocks to keep an eye on is this one.

Alphabet Inc. (NASDAQ:GOOG) was included in 163 hedge fund portfolios in the third quarter of Insider Monkey’s database, up from 152 funds in the previous quarter. The company’s largest shareholder, Ken Fisher’s Fisher Asset Management, owns 43.7 million shares, valued at $5.7 billion.

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4. NVIDIA

180 people own hedge funds

Based in Santa Clara, California, NVIDIA Corporation (NASDAQ:NVDA) is a multinational supplier of networking, graphics, and computing products. It’s a great stock to keep an eye on in the metaverse. NVIDIA Corporation (NASDAQ:NVDA) unveiled NVIDIA Omniverse Cloud, its first software and infrastructure-as-a-service, in September 2022. Artists, developers, and enterprise teams may build, publish, run, and interact with metaverse apps from anywhere with this set of cloud services.

On February 7, Morgan Stanley raised its price target for NVIDIA Corporation (NASDAQ:NVDA), noting the semiconductor company’s expected advances in artificial intelligence. With an Overweight rating for Nvidia, analyst Joseph Moore increased the price target from $603 to $700. This revision indicates a possible upside of almost 10% from the current levels. Moore is upbeat about recent data indications that suggest even greater possible growth over the course of the next two to three quarters.

180 hedge funds, as opposed to 175 funds in the previous quarter, were positive on NVIDIA Corporation (NASDAQ:NVDA), according to Insider Monkey’s third-quarter database. GQG Partners, owned by Rajiv Jain, is a significant shareholder in the business, holding 14 million shares valued at $6.10 billion.

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3. The Meta Platforms, Inc.

234 people own hedge funds.

One of the best stocks to keep an eye on in the metaverse is Meta Platforms, Inc. (NASDAQ:META). According to Meta, the metaverse is the next stage of internet development—a shared online environment where users can communicate in real time with one another, with digital objects, and with the surrounding world. Among the greatest metaverse stocks to buy is this one.

Meta Platforms, Inc. (NASDAQ:META) beat Wall Street projections by $0.39 and $940 million, respectively, when it posted Q4 GAAP EPS of $5.33 and revenue of $40.11 billion on February 1. On March 26, Meta Platforms plans to pay investors of record as of February 22 $0.50 per share. The IT behemoth is paying out its first quarterly dividend.

In contrast to 225 funds in the previous quarter, 234 hedge funds were optimistic on Meta Platforms, Inc. (NASDAQ:META), according to Insider Monkey’s third-quarter database.

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2. Amazon.com, Inc

286 people own hedge funds.

We’ve ranked Amazon.com, Inc. (NASDAQ:AMZN) as the second best metaverse stock. In its first step into the metaverse, the massive online retailer introduced Amazon Anywhere, a service that lets users explore and buy actual things from Amazon within virtual settings like video games, augmented reality (AR), and third-party mobile apps.

Amazon.com, Inc. (NASDAQ:AMZN) beat Wall Street projections by $0.20 and $3.74 billion, respectively, when it posted Q4 EPS of $1.00 and revenue of $170 billion on February 1.

Insider Monkey’s database for the third quarter indicates that 286 hedge funds, as opposed to 278 funds in the previous quarter, were optimistic on Amazon.com, Inc. (NASDAQ:AMZN). Ken Fisher’s Fisher Asset Management has 41.35 million shares in the corporation, valued at $5.25 billion, making it the largest stakeholder.

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1. Microsoft Corporation

306 people own hedge funds

One of the greatest stocks to purchase for the metaverse is Microsoft Corporation (NASDAQ:MSFT). Microsoft Mesh, AltspaceVR, HoloLens, Azure Spatial Anchors, Gaming, and Xbox are some of the company’s metaverse offerings. Wall Street praised Microsoft’s fiscal year Q2 earnings, which were released on January 31 and above expectations. The company’s use of artificial intelligence has resulted in positive performance. Azure grew by six percentage points in the quarter thanks to AI, exceeding the company’s initial growth projections of thirty percent. The findings show how AI is still having an influence and has promise in Microsoft’s operations.

306 hedge funds, as opposed to 300 funds in the previous quarter, were positive on Microsoft Corporation (NASDAQ:MSFT), according to Insider Monkey’s third-quarter database. Standing at 39.2 million shares valued at $12.4 billion, the largest shareholder in the corporation is the Bill & Melinda Gates Foundation Trust.

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