Why Metaverse Stocks Flew High Today
The metaverse produced some real-world gains for investors on Monday. Shares in companies already active in the space, or likely to be so, rose notably on the day following a team of analysts' very bullish take on the industry. Bellwether stock Meta Platforms (NASDAQ: FB) posted a 4% increase, Apple (NASDAQ: AAPL) advanced by nearly 2.4%, and Roblox (NYSE: RBLX) surged ahead by 8.6%.
On Friday, a group of Citigroup (NYSE: C) analysts published a nearly 200-page report on the metaverse. In it, the analysts estimate that the total addressable market of this ecosystem could total $8 trillion to $13 trillion. For perspective, that would be more than double the market cap of Meta Platforms, Apple, and Roblox combined.
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Source Fool.com
