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    A $200 Billion Opportunity in the Metaverse - 5/22

    Dylan Jovine
    Wednesday, May 22, 20242 min read
    A $200 Billion Opportunity in the Metaverse - 5/22

    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.

    That being said, keep an eye on stocks such as:




    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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    Written by Dylan Jovine

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