Jim Cramer: The metaverse is coming — and these 4 stocks will make it real
This one shouldn’t come as a surprise. The company formerly known as Facebook is one of the main reasons why everyone is talking about metaverse today.
Shares have climbed 24% this year to $326 apiece. If that’s too steep, you can use a popular investing app to buy fractions of shares with as much money as you are willing to spend.
Nvidia shares have more than doubled year-to-date.
And since the company is famous for its powerful graphics chips, Cramer sees Nvidia as a key metaverse play.
In the three months ended Oct. 31, Nvidia’s revenue soared 50% year-over-year to a record $7.1 billion. Adjusted earnings came in at $1.17 per share, up 60% from a year ago.
This game developer enables users to make block-based worlds and games without needing to know how to code. It also allows creators to get paid through an in-game currency called Robux.
In Q3, the platform had 47.3 million average daily active users, up 31% year-over-year. Revenue rose 102% year-over-year to $509.3 million.
This video game software developer recently acquired the visual effects studio behind the Avatar and Lord of the Rings movies — and Cramer is keen.In Q3, Unity earned $286.3 million of revenue, representing a 43% increase year-over-year. The company also generated $34.2 million of free cash flow, which more than tripled the $10.9 million it generated in the year-ago period.
Part of the content is taken from Yahoo.
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Howardy : $NVIDIA (NVDA.US)$ 280 hello 280 calling all 280 mf's lets wakie to 290 then from there grind down ok