Keep an eye on the metaverse ecommerce market.
By 2030, according to Statista, the market could be worth more than $200 billion.
In fact, the group believes the global metaverse ecommerce market could grow by 30% and reach a value of $30 billion this year. By 2025, the market could be worth $42 billion. By 2030, they added, it could be worth more than $210 billion.
“The surging number of consumers searching for a more immersive online shopping experience and wanting to preview and interact with products and brands before making a purchase has helped the metaverse ecommerce industry to grow by 60% in just three years. Even the ecommerce giant Amazon has incorporated early metaverse technology into its marketplace,” as reported by Wire19.com.
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That being said, keep an eye on stocks such as: Roblox (SYM: RBLX) gapped from about $40 to a low of $30 after cutting its annual bookings forecast. However, with the negativity now price in, it’s starting to pivot higher. Helping, the company is opening a new ad format, as it attempts to monetize its free games. |
InvestorPlace
What the election means for AI stocks
If you think AI stocks are hot right now, just wait until after the election. I believe the next president’s first move could launch a second wave of AI winners.
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Company: Advanced Micro Devices (SYM: AMD) Weakness in Advanced Micro Devices (SYM: AMD) is a buy opportunity. After dropping from about $230 to about $141 on earnings, it’s just starting to pivot higher again. Last trading at $166.33, I’d like to see AMD retest $180 again shortly. Helping, Microsoft just added AMD artificial intelligence chips to its cloud computing products. Two, analysts at Jefferies initiated coverage of AMD with a buy rating, with a price target of $190 a share. AMD even just replaced Nvidia on the Wolfe Research Alpha List. |
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