But there are plenty of companies that are investing in the metaverse, building hardware that will serve as an on-ramp to the metaverse and making products that will support its infrastructure. That’s where analysts and money managers see the most compelling opportunities—at least for now. The metaverse is defined as a digital, three-dimensional world that’s https://www.xcritical.com/ immersive and accessible in real time by an unlimited number of people, allowing for social interactions, commerce, and more. However, various tech companies are trying to bring the entirety of the vision to life. Indeed, previously, “metaverse” was a “barely used word on the Street,” Daniel Ives, managing director and senior equity analyst focused on tech at Wedbush Securities, tells Fortune.

Investing Groups Digest: Mag 7 In The Market Spotlight

Apple seemed to accept that reality last week as The Information said that it drastically cut back on production of the Vision Pro mixed-reality headset due to poor customer response to the expensive device. It also reportedly told the device’s assembler to stop working on the product in November, and Apple has notably fount metaverse etf been mum about the product since its launch in February. For a while, it seemed like both companies thought that was the metaverse, but that vision seems nearly dead, given the weakness at Reality Labs and the ascendance of generative AI.

Meta Platforms Estimates* in USD

The battle for who will win the metaverse is just heating up, and Big Tech isn’t about to sit on the sidelines. Threads, Meta’s rival to Elon Musk’s X app, now has nearly 275 million monthly users, CEO Mark Zuckerberg said Wednesday. The latest numbers indicate Threads is up 175% from a year ago when it reached…

As Reality Labs’ Losses Keep Growing, Meta Platforms Should Take the Hint From Apple

According to 44 analysts, the average rating for META stock is “Strong Buy.” The 12-month stock price forecast is $632.69, which is an increase of 12.24% from the latest price. This company is taking a long-term approach to investing in the future of artificial intelligence. Millions of people use the company’s social networking website every day to keep up with friends, upload photos, and share links.

• However, with the stock price arguably getting stretched and growth in the advertising business slowing, investor attention turned to the company’s spending in its Reality Labs division, and they didn’t like what they saw.
• The “Omniverse brings together Nvidia’s expertise in AI [artificial intelligence], simulation, graphics, and computing infrastructure,” CEO Jensen Huang said last month in the company’s release of its stellar fiscal third-quarter results.
• Meta registered its highest-ever share price Friday, potentially completing the social media giant’s dramatic recovery amid Wall Street’s renewed faith in Meta CEO Mark Zuckerberg, who has refocused the firm’s attention on improving bottom lines.
• The metaverse will likely have multiple interactive platform destinations.
• Below is a brief look at how the top five companies in this ETF are involved in the metaverse.
• Most notable among these tools is its recently launched Omniverse platform.

Meta Platforms: Strong Q3 Results And Amazing Growth Potential

Moreover, the company is investing billions of dollars to create software and content for augmented reality and VR applications — more than what most other metaverse companies could dream of. Therefore, if there’s a future in the metaverse, Meta will likely play an important part. Meta Platforms, Inc., engages in the development of social media applications. It builds technology that helps people connect, find communities, and grow businesses.

Gil Luria, DA Davidson managing director, joins CNBC’s ‘Money Movers’ to discuss his buy rating on Meta, expectations for how AI will impact earnings, and more. U.S. stocks traded lower midway through trading, with the Dow Jones index more than 300 points on Thursday. Tech giants are pouring unprecedented resources into artificial intelligence (AI) infrastructure as Meta plans up to $40 billion in 2024 spending and AMD rides the wave to record $6.8 billion in reven… Revenue rose 19% to $40.6 billion, which topped the consensus at $40.29 billion, and earnings per share jumped 37%, helped by a lower tax rate, to $6.03, beating expectations at $5.25.

The “Omniverse brings together Nvidia’s expertise in AI [artificial intelligence], simulation, graphics, and computing infrastructure,” CEO Jensen Huang said last month in the company’s release of its stellar fiscal third-quarter results. Meta reported a $4.4 billion loss in that division, which is responsible for its hardware like its Quest VR headsets, AI infrastructure, and metaverse software. Reality Labs brought in just $270 million in revenue in the quarter, showing that the division is almost entirely a drain on the overall business with revenue that’s essentially a rounding error for the overall business.

To buy stocks and ETFs, investors need to have a brokerage account. The best brokerages are extremely user-friendly, allowing accounts to be opened with no minimum deposit and also offering zero-fee trades. In light of its Q report, Meta Platforms, Inc. stock plunged by over 5% in today’s session, despite beating street estimates on top and bottom lines.

The company estimates that about half of all 3D content today is made with its software. As metaverse content is created, it’s reasonable to expect a large portion will involve Unity in some way. It’s also reasonable to believe the company can take market share from competitors due to its unique value proposition.

The metaverse, which is essentially a melding of the physical and virtual worlds, is widely viewed as the next evolution of the internet. Market size projections for the metaverse vary widely, so suffice it to say this space is poised to be massive. Software as a service has been a growth driver in the tech industry.

A couple of years ago, the platform primarily resonated with U.S. users younger than 13, but it’s developed into a global company with an increasingly expanding set of older users. The metaverse will likely have multiple interactive platform destinations. But with more than 66 million daily active users already, Roblox has a big head start. Meta Platforms (META) exceeded Wall Street’s third quarter earnings expectations, delivering strong results on both revenue and profit. Yet the stock has slipped as analysts grow concerned over whethe…

The company announced it will increase capital expenditures significantly in 2025.

Meta was the S&P 500’s second-best performer of 2023, returning almost 200%. Its gains came during a broad rally for big tech stocks, and the tech-heavy Nasdaq index rose more than 40% last year. Zuckerberg, who owns about 13% of the company, grew much richer as Meta stock soared. His $134 billion net worth Friday, as estimated by Forbes, is the fifth-largest fortune in the world.

Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool’s board of directors. The Motley Fool has positions in and recommends Apple, Meta Platforms, and Nvidia. Meta Platforms is working to be a leader in generative AI, but Zuckerberg’s metaverse dreams seem all but dead.