The Top 3 Metaverse Stocks to Buy Now: Summer 2024 | Markets

Somewhat displaced by the association with shady cryptocurrencies, metaverse stocks and the broader metaverse universe should be viewed as a foundation in progress. It may or may not include alternate reality/virtual reality devices, but the building blocks are clear: GPUs, CPUs, content, content creation tools and blockchain tech at large for in-game digital assets.

According to April’s Metaverse – Global Strategic Business Report from Research and Markets, the metaverse global market is still poised for great gains, at a 34.8% compound annual growth rate (CAGR), from $90 billion in 2023 to $980.5 billion by 2030.

This applies to both the software and hardware metaverse segment, at 33.9% and 37.9% CAGR, respectively.

Keeping that in mind, which metaverse stocks to buy at this moment in time? These three stocks are a good place to start.

Intel (INTC)

Intel (NASDAQ:INTC) has been through the most embarrassing period in its history. Since late 2022, users have been reporting instability issues with 13th- and 14th-generation desktop CPUs. Most recently on July 29th, the company came to the conclusion the culprit is elevated operating voltage.

Although there is a scheduled microcode fix for mid-August, it is merely a preventative measure as the affected processors are permanently degraded/damaged…