The metaverse is a virtual universe powered by augmented and virtual reality headsets that will enable users to engage with content, interact with other users, and experience almost anything in a virtual realm.
The term ‘metaverse’ has been in the news since Facebook Inc. was renamed Meta Platforms, Inc. (FB). FB CEO Mark Zuckerberg said, “Our overarching goal across all of these initiatives is to help bring the metaverse to life.” Footwear manufacturer Nike, Inc. (NKE) became one of the first major companies to venture into the metaverse by partnering with Roblox Corporation (RBLX) and announcing a virtual world called Nikeland on RBLX’s online gaming platform.
Semiconductors are the backbone of information technology hardware and are expected to play a significant role in the burgeoning metaverse development. Given this backdrop, we think it could be wise to add quality chip stocks such as…
Take a look at these three chip stocks that will power the metaverse
The post 3 Chip Stocks to Buy Now that Power the Metaverse originally appeared at StockNews.