From Ridicule to Riches: 3 Metaverse Gaming Stocks Ready for Primetime

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These three metaverse gaming stocks are strong plays to bring optimism back to the industry. Microsoft (MSFT): Following its lucrative acquisition of Activision Blizzard, this $3 trillion stock has ...

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This represents a compound annual growth rate  of 48% on the $83.9 billion market size as per revenue recorded in 2023 and illustrates a landscape that’s ready to go from strength to strength.However, Microsoft’s biggest statement of intent for metaverse gaming came during its 2022 acquisition of gaming ","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU0823411888.USD":"法巴消费创新基金 Cap","LU0056508442.USD":"贝莱德世界科技基金A2","BK4503":"景林资产持仓","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","GB00B4QBRK32.GBP":"FUNDSMITH EQUITY \"R\" (GBP) INC","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","U":"Unity Software Inc.","CAGR":"California Grapes International, Inc.","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","BK4547":"WSB热门概念","RBLX":"Roblox Corporation","BK4561":"索罗斯持仓","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","NKE":"耐克","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4085":"互动家庭娱乐","BK4504":"桥水持仓","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","BK4548":"巴美列捷福持仓","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","LU0068578508.USD":"First Eagle Amundi International Cl AU-C USD","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","META":"Meta Platforms","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","BK4528":"SaaS概念","LU0672654240.SGD":"FTIF - Franklin US Opportunities A Acc SGD-H1","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","BK4532":"文艺复兴科技持仓","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","BK4527":"明星科技股","BK4507":"流媒体概念","BK4534":"瑞士信贷持仓","LU1303367103.USD":"摩根大通多经理另类基金 A (acc)","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","BK4525":"远程办公概念","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","LU0433182093.SGD":"First Eagle Amundi International AS-C SGD","LU2098885051.SGD":"JPMorgan Funds - Multi-Manager Alternatives A (acc) SGD","BK4524":"宅经济概念","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","LU0109391861.USD":"富兰克林美国机遇基金A Acc","MSFT":"微软"},"translate_title":"从嘲笑到财富：3只元宇宙博彩股票准备好迎接黄金时段","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"U":1,"CAGR":1,"META":1,"MSFT":1,"RBLX":1,"NKE":1},"content_text":"These three metaverse gaming stocks are strong plays to bring optimism back to the industry. \nMicrosoft (MSFT): Following its lucrative acquisition of Activision Blizzard, this $3 trillion stock has made no secret of its intentions for metaverse gaming. \nRoblox Corp (RBLX): There’s plenty of upside ahead for Roblox as one of the world’s most complete and lucrative iterations of the metaverse today. \nUnity (U): Expectations-beating Q4 2024 results place Unity as a top metaverse gaming stock for investors to track as a long-term play.\n\n\n\n\n\n \n\nSource: MR Neon / Shutterstock\n\n\n\nDespite enthusiasm from Mark Zuckerberg that ultimately led to the rebranding of Facebook into Meta (NASDAQ:META) in late 2021, the metaverse’s time in the limelight was short-lived before a generative artificial intelligence (AI) boom in 2023 drove investor sentiment elsewhere. \nAnother confounding factor surrounding metaverse hype was the primitive technology being showcased as a “groundbreaking” development for future collaboration and entertainment. Much attention was given to Mark Zuckerberg’s metaverse announcements for Meta’s Horizon Worlds, and the rudimentary graphics showcased drew derision from many onlookers. \nHowever, the metaverse’s chequered reputation shouldn’t detract from what’s set to become a $1.3 trillion opportunity by 2030, according to Markets and Markets global forecasts. This represents a compound annual growth rate (CAGR) of 48% on the $83.9 billion market size as per revenue recorded in 2023 and illustrates a landscape that’s ready to go from strength to strength. \nMany key players believe that the early breakthroughs in the development of the metaverse will be in gaming, and the coming years will provide a backdrop for early battles between key stocks to make the biggest impression on the market. These three stocks already have the wheels in motion to become the stars of the metaverse gaming landscape in the coming years:\nMicrosoft (MSFT)\nSource: The Art of Pics / Shutterstock.comAs the world’s most valuable stock, Microsoft (NASDAQ:MSFT) has a proven track record of success through a whole host of its endeavors. Recently, Microsoft has developed a series of metaverse-focused products and services including Microsoft Mesh, AltspaceVR, HoloLens, Azure Spatial Anchors, and Gaming and Xbox. \nHowever, Microsoft’s biggest statement of intent for metaverse gaming came during its 2022 acquisition of gaming giant Activision Blizzard for $68.7 billion. \n“Gaming is the most dynamic and exciting category in entertainment across all platforms today and will play a key role in the development of metaverse platforms,” explained Satya Nadella, chairman and CEO of Microsoft. \n“We’re investing deeply in world-class content, community and the cloud to usher in a new era of gaming that puts players and creators first and makes gaming safe, inclusive and accessible to all.”\nWhat’s more is that Microsoft’s stock has experienced a positive first quarter of 2024, with more than 15% growth recorded throughout the year so far. The stock’s excellent market position and commitment to innovation make it a key consideration for investors seeking to buy into the burgeoning metaverse gaming landscape as a long-term play. \nRoblox Corp (RBLX)\nSource: Michael Vi / Shutterstock.comAs one of the most complete iterations of the metaverse in the world of gaming today, Roblox (NYSE:RBLX) has been a driving force in the industry. With a strong in-game ecosystem that offers in-game currency, ‘Robux,’ to creators that can be converted into fiat currencies, the game takes the form of a robust content-sharing platform. \nAdditionally, Roblox has seen some major collaborations occur within its metaverse, with brands like Nike (NYSE:NKE), Sony Music, and Gucci all establishing their own worlds on the platform as a means of building new interactions with its 49.5 million daily active users (DAUs). \nAlthough it has a strong market position today, Roblox hasn’t been without its challenges of late. The platform missed analyst estimates for Q4 2023 earnings, triggering a stock market slide in Q1 2024.\nReported DAU growth of 33% on a year-over-year basis, and a 28% increase in engagement hours softened the blow, but the company’s reported $568.8 million quarterly revenue and generally accepted accounting principles (GAAP) losses of 0.25% per share were worse than expected in terms of earnings and revenue. \nWhile this has led to some market volatility for the stock, Roblox’s price-to-sales ratio remains relatively strong and could offer investors around 40% upside in a three-year time frame–provided that there are no major challenges for market dominance on the horizon. \nUnity (U)\nSource: viewimage / Shutterstock.comAnother stock that’s had to endure short-term volatility is Unity (NYSE:U). As a global market leader in the creation and operation of real-time 3D content, Unity is a firm that’s well-positioned to be a driving force in the metaverse gaming boom. \nHowever, the stock has struggled to find momentum so far in 2024. To make matters more convoluted, Unity’s strong Q4 2024 earnings, which saw revenue rise and expectation-beating 35% year-over-year to $451 million, was significantly inflated by the firm’s shutdown of Weta Digital due to the release of deferred revenue during the quarter. \nWithout this factor, Unity’s revenue fell 2% year-over-year, and this disappointing decline has been underlined by the stock’s Q1 2024 losses of over 25%. \nDespite this, investors may see recent declines as an opportunity to pick up a high-potential stock at a discounted rate. Unity’s Q4 2023 performance saw the firm narrow its net losses from $299 million to $254 million, and although this also missed forecasts it still represents a push towards long-term sustainability. \nBacked by a strong balance sheet, Unity is set to be a stock that holds plenty of value for investors who believe in its role in the metaverse gaming boom in the coming years. However, short-term volatility could still seep into the firm following the difficulty it faced in a challenging Q4.\nOn the date of publication, Dmytro Spilka did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.\nDmytro is a finance and investing writer based in London. He is also the founder of Solvid, Pridicto and Coinprompter. His work has been published in Nasdaq, Kiplinger, FXStreet, Entrepreneur, VentureBeat and InvestmentWeek.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2024/03/from-ridicule-to-riches-3-metaverse-gaming-stocks-ready-for-primetime/.\n©2024 InvestorPlace Media, LLC","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2422573055"}