Metaverse is a virtual world or universe that is created and sustained by the internet, where users can meet and create with one another in real-time through a personalized character or avatar. Metaverse uses open architecture, so anyone can create and build their own virtual spaces within the larger virtual environment, effectively building the metaverse itself. Metaverse has its origins in science fiction, but has gained popularity as advancements in technology have made it possible to create immersive virtual environments that replicate real-world experiences. These environments are often created using VR (virtual reality) or AR (augmented reality) technologies, which allow users to feel, move and interact as if they are truly present within the virtual space. Technology giants such as Nvidia, Meta, and Google are investing in the Metaverse, driving its popularity and creating new market opportunities.
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Meta and Google admit that they may have invested too much in AI, but the risk of insufficient investment is far greater than that of excessive investment.
Technology giants would rather over-invest than invest too little, because in the technology industry, falling behind means having nothing at all.
The Nasdaq fell nearly 1%, while small cap stock index rose over 1%. Nvidia turned higher after falling about 7%, and silver saw its deepest decline at 5%.
Continuously updating... Investors continue to sell technology stocks and buy blue chip and small cap stocks. The S&P 500 has fallen for three consecutive days, and the chip stock index opened low and fell by half. The Dow Jones and Russell small cap stock index rose throughout the day, and Tesla rose by as much as 4.6%. After rising 0.7%, the China concept stock index turned to a 0.7% decline. New Oriental fell 5.5% after Dong Yuhui resigned, while Xiaopeng and Li Auto rose nearly 2%. The European stock of French luxury goods giant Kering Group's Yoox Net-a-Porter fell more than 7% to a seven-year low. US bond prices rose and fell, leading the global bond market before the release of positive US second quarter GDP data. Offshore RMB surged more than 600 points on Thursday and rose more than 0.7% for three consecutive days, while the yen rose as much as 1% to a two-and-a-half-month high. Ethereum futures fell more than 6.7% on the third day of ETF listing, and London copper fell below $9,000 per ton for the f
This DB Chart Shows How the Tech Selloff Is Driving Moves Throughout the Stock Market
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ParGhee 123456FEDCBA :![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)