Source: CNBC
Key Points:
- CNBC’s Jim Cramer said Wednesday he believes there are four standout stocks that investors should buy if they want to bet on the success of the metaverse.
- The “Mad Money” host pointed to Facebook-parent Meta, Nvidia, Unity Software and Roblox.
- “Will younger people want a piece of this? I can’t be sure. I’m not one of them, but I know money managers love it and maybe that’s more important,” he said.
CNBC’s Jim Cramer said Wednesday he believes there are four standout stocks that investors should buy if they want to bet on the success of the so-called metaverse.
“Going forward, there will be many companies who try to claim they got a piece of the metaverse,” the “Mad Money” host said. However, for now, he said the best places to turn are Facebook-parent Meta, online gaming platform Roblox, semiconductor company Nvidia and Unity, a video-game software development firm.
The metaverse is an increasingly popular term on Wall Street that refers to immersive digital worlds in which people can connect using various devices. “Will younger people want a piece of this? I can’t be sure. I’m not one of them, but I know money managers love it and maybe that’s more important,” Cramer said.