The 3 Best Metaverse Stocks to Buy in June 2024

InvestorPlace06-14

The metaverse is still alive and well, creating big opportunities for some of the best metaverse stocks to buy. Roblox (RBLX): Roblox recently raised its full-year sales outlook. Advanced Micro ...

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IKEA, for example, is launching a virtual universe on Roblox . Its “The Co-Worker Game,” which will allow users “to live their home furnishing dreams and get paid for it.” Users inside the game will be able to virtually help customers and get promoted, just like in the real world.Hugo Boss is heading to the metaverse withRobloxto market to Generation Z.Nike is working with Roblox with its virtual world.Adidas is working with Roblox, too.According to Market.us, the metaverse market could be worth about $2.3 trillion by 2032. That being said, investors should consider jumping into some of the best metaverse stocks to buy. Here are three you may want to in","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU0056508442.USD":"贝莱德世界科技基金A2","PSQ":"纳指反向ETF","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","AMD":"美国超微公司","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","RBLX":"Roblox Corporation","TQQQ":"纳指三倍做多ETF","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","MCD":"麦当劳","AAPL":"苹果","MSFT":"微软","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU0965509010.AUD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (AUDHDG) INC","BK4501":"段永平概念","QQQ":"纳指100ETF","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","SQQQ":"纳指三倍做空ETF","LU1430594728.SGD":"Eastspring Investments - Global Low Volatility Equity AS SGD","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4503":"景林资产持仓",".IXIC":"NASDAQ Composite","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","NVDA":"英伟达","LU0444971666.USD":"天利全球科技基金","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","BK4505":"高瓴资本持仓","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","GFS":"GLOBALFOUNDRIES Inc.","META":"Meta Platforms, Inc.","BK4504":"桥水持仓","QID":"纳指两倍做空ETF","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","QLD":"纳指两倍做多ETF","LU0965509101.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (SGDHDG) ACC","BK4170":"电脑硬件、储存设备及电脑周边","METV":"Roundhill Ball Metaverse ETF","LU0029864427.USD":"TEMPLETON GLOBAL \"A\" (USD) INC","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","NKE":"耐克","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","FDN":"First Trust Dow Jones Internet I","GOOG":"谷歌","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","GOOGL":"谷歌A"},"translate_title":"2024年6月最值得购买的3只元宇宙股票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AAPL":1,"MCD":1,"META":1,"METV":1,"MSFT":1,"NKE":1,"NVDA":1,"GOOGL":1,"GOOG":1,"RBLX":1,"AMD":1,"GFS":0.9,"FDN":0.9,".IXIC":0.9,"QID":0.6,"TQQQ":0.6,"SQQQ":0.6,"QQQ":0.6,"QLD":0.6,"PSQ":0.6,"MNQmain":0.6,"NQmain":0.6},"content_text":"The metaverse is still alive and well, creating big opportunities for some of the best metaverse stocks to buy.\nRoblox (RBLX): Roblox recently raised its full-year sales outlook.\nAdvanced Micro Devices (AMD): Companies wanting to capitalize on the metaverse will need AMD chips.\nRoundHill Ball Metaverse ETF (METV): It never hurts to diversify at a low cost.\n\n\n\n\n\n \n\nSource: Shutterstock\n\n\n\nThe metaverse is still alive and well, creating big opportunities for some of the best metaverse stocks to buy. IKEA, for example, is launching a virtual universe on Roblox (NYSE:RBLX). Its “The Co-Worker Game,” which will allow users “to live their home furnishing dreams and get paid for it.” Users inside the game will be able to virtually help customers and get promoted, just like in the real world.\nA McDonald’s (NYSE:MCD) metaverse just debuted in Singapore, which will allow users to build virtual burgers, envision future McDonald’s restaurant designs and participate in contests that will reward users with real food deals and prizes.\nHugo Boss (OTCMKTS:BOSSY) is heading to the metaverse with Roblox to market to Generation Z. Nike (NYSE:NKE) is working with Roblox with its virtual world. Adidas (OTCMKTS:ADDYY) is working with Roblox, too.\nAccording to Market.us, the metaverse market could be worth about $2.3 trillion by 2032. That being said, investors should consider jumping into some of the best metaverse stocks to buy. Here are three you may want to invest in now.\nRoblox (RBLX)\nSource: Koshiro K / Shutterstock.comOne of the top metaverse stocks to buy is Roblox. Granted, recent earnings and full-year booking forecasts weren’t so hot. It posted an EPS loss of 43 cents, which beat by 10 cents. Bookings of $923.76 million, up 19.4% year over year, missed by $5.34 million.\nIt also offered a weaker-than-expected bookings forecast, expecting bookings of $870 million to $900 million. That was below expectations of $902.5 million. It also lowered its full-year bookings forecast to between $4 billion and $4.1 billion, which is down from its prior outlook of $4.14 billion to $4.28 billion. \nHowever, despite the weak bookings forecast, Roblox did raise its full-year sales outlook, now seeing full-year revenue of between $3.45 billion and $3.53 billion, up from a previous range of $3.3 billion to $3.4 billion. Also, despite recent negativity, traders are bidding the RBLX stock higher.\nIn fact, since earnings, RBLX rallied from about $30 to $36.\nAdvanced Micro Devices (AMD)\nSource: JHVEPhoto / Shutterstock.comAfter dropping from about $230 to $169, Advanced Micro Devices (NASDAQ:AMD) is gaining momentum. \nFor one, the artificial intelligence story is still heating up. Two, demand for AMD chips is only expected to gain momentum. According to AMD’s CEO Lisa Su, the company expects to see about $4 billion in AI chip sales, an increase of $500 million from prior estimates. \nThree, analysts at Edward Jones just initiated a “buy” rating on AMD. Analysts at Jefferies also initiated coverage of AMD with a “buy” rating, with a price target of $190 a share. AMD even just replaced Nvidia (NASDAQ:NVDA) on the Wolfe Research Alpha List. \nAMD plays a big role in the metaverse, too. After all, companies racing forward with data centers for artificial intelligence, and even the metaverse, will need plenty of chips from companies like AMD.\nRoundHill Ball Metaverse ETF (METV)\nSource: allme3d / shutterstock.comYou can always take the exchange-traded fund (ETF) route with the Roundhill Ball Metaverse ETF (NYSEARCA:METV).\nFor one, after bottoming out around $11.40, the METV ETF rallied back to $13.08, where it’s still a “strong buy.” From here, I’d like to see the ETF closer to $20 a share, especially with the metaverse story heading up again.\nFurther, with an expense ratio of 0.59%, the ETF is the world’s largest metaverse fund and should benefit from two key areas of growth. These include that the Metaverse’s economic reach is anticipated to hit an impressive $10.7 trillion by 2033. And, VR/AR headset shipments are forecasted to reach 31.1 million by 2026. \nSome of its top holdings include Apple (NASDAQ:AAPL), Meta Platforms (NASDAQ:META), Microsoft (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) to name a few of the top ones. \nOn the date of publication, Ian Cooper did not hold (either directly or indirectly) any positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.\nIan Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.TechnologyGrowth Stocks\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/2024/06/the-3-best-metaverse-stocks-to-buy-in-june-2024/.\n©2024 InvestorPlace Media, LLC","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"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":"4.29.3","shortVersion":"4.29.3","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/2443647586"}