2 Top Metaverse Stocks Ready for a Bull Run

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2 Top Metaverse Stocks Ready for a Bull Run

posted on Aug 22, 2023 02:37PM

https://www.fool.ca/2023/08/22/2-top-metaverse-stocks-ready-for-a-bull-run/

Two Canadian metaverse stocks are ready for a bull run as the tech world moves toward a broad digital future.

People in tech believe the metaverse is the digital future, not hype. Venture capitalist Matthew Ball said the metaverse represented the fourth wave of computing. Besides an immersive experience in the virtual world, technologists expect it to upgrade social media platforms, enhance social interactions, and bring new business opportunities.

Facebook is the acknowledged metaverse pioneer after it changed its name to Meta Platforms Inc. on October 28, 2021. Fast forward to 2023, and big tech names like Apple, Amazon.com, Microsoft, and NVIDIA are engaging in metaverse development.

A bull run of metaverse stocks could be on the horizon, although investors should be wary of their selections. For Canadian investors, Shopify (TSX:SHOP) and POET Technologies (TSXV:PTK) are ready for a bull run. Both metaverse stocks are well-positioned to deliver far superior returns than their hefty year-to-date gains.

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