3 Monster Metaverse Stocks to Buy for the Long Haul
Some investors believe the metaverse, which blurs the lines between the physical and digital worlds with virtual reality (VR) and augmented reality (AR) applications, could become the next big computing network and eventually replace the internet. So instead of holding simple video calls, we might hang out with our friends and family with virtual avatars. Mobile apps could evolve into game-like virtual experiences, while e-commerce platforms could lure shoppers to their virtual storefronts to make real-world purchases.
Those ideas might sound fanciful, but the global metaverse market could still grow at a compound annual growth rate (CAGR) of 47.6% between 2022 and 2029, according to Fortune Business Insights, as the technology improves and more companies hop on the bandwagon. If you want to capitalize on that long-term growth, you should consider accumulating some shares of Meta Platforms (NASDAQ: META), Unity Software (NYSE: U), and Qualcomm (NASDAQ: QCOM) today.
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Source Fool.com
