Nvidia's Omniverse: 'Plumbing' For Metaverses

$NVIDIA (NVDA.US)$ has made a big push into metaverse applications. $Meta Platforms (FB.US)$ (formerly Facebook) and $Microsoft (MSFT.US)$ see a big future in immersive virtual reality.

At Nvidia's virtual GTC conference in November, Chief Executive Jensen Huang touted Nvidia Omniverse, a virtual world simulation and collaboration platform for 3D workflows. And the company announced Omniverse Avatar, a platform for generating interactive AI-based avatars.

According to $NVIDIA (NVDA.US)$ , the Omniverse platform provides the "plumbing" on which metaverses can be built. $Lockheed Martin (LMT.US)$ is testing Nvidia's Omniverse to simulate and manage wildfires. Other companies are using it to create "digital twins" of buildings and factories.

Nvidia's chips and computing power are key to the emerging metaverse. Many companies will build the metaverse, analysts say, but most of the revenues will be generated by the companies that provide the infrastructure — such as $NVIDIA (NVDA.US)$ .