Stock Groups

3 Stocks to Buy on Morgan Stanley’s Prediction that the Metaverse Will be Worth $8 Trillion -Breaking

[ad_1]

© Reuters. 3 Stocks to Buy on Morgan Stanley’s Prediction that the Metaverse Will be Worth $8 Trillion

With Facebook (NASDAQ:) changing their name and with companies investing to build the next digital frontier, the metaverse is taking off. Metaverse, or virtual reality, is also being used by many industries, particularly real estate. Morgan Stanley (NYSE) predicts that the metaverse will soon be an $8 billion market. The metaverse is a virtual universe that exists in parallel to reality. It can be lucrative to invest in the fundamentally sound Metaverse Stocks Microsoft (MSFT), Autodesk, and Fastly (NYSE :). The metaverse, whether in VR or AR, can be seen on a computer screen. It is expected to offer a seamless integration of digital and physical realities. This has attracted a lot of attention lately. Facebook changed its name from Meta to Meta Platforms Inc. (FB) recently. “We believe the Metaverse will be the successor to the mobile internet,” Facebook CEO Mark Zuckerberg said.

Now, multiple companies are building their virtual realms, intending to attract people in the form of their digital ‘avatars.’ Moreover, the real-estate business in the metaverse is gaining some steam. In November, in a virtual reality world called ‘Decentraland,’ operated by the Metaverse Group reported, 116 parcels of land sold for an equivalent of about $2.5 million in cryptocurrencies.

Last month, Wall Street firm Morgan Stanley (MS) predicted the metaverse as an $8 trillion addressable market and likely to become the “next-generation social media, streaming and gaming platform.” Therefore, metaverse-related stocks Microsoft Corporation (NASDAQ:), Autodesk, Inc. (ADSK), and Fastly, Inc. (FSLY) might be solid buys based on their strong fundamentals.

Continue reading on StockNews

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. You should be aware of the potential risks and financial costs involved in trading the financial market. It is among the most dangerous investment options.

[ad_2]