Microsoft (MSFT)

by | Nov 17, 2021 | Daily Trade Alerts

By now, you’ve heard of the metaverse.

Or, according to Mark Zuckerberg, “a sci-fi concept whereby humans put on some sort of headset or smart glasses that allows them to live, work and play in a virtual world much like the one depicted in the ‘Ready Player One’ movie,” says CNBC.

While it hasn’t gone mainstream just yet, a good deal of companies are racing to develop it. After all, according to analysts at Emergen Research say it could be worth up to $828.95 billion by 2028. Even Epic Games’ CEO Tim Sweeney says the metaverse could become a multi-trillion-dollar market opportunity.

“Over the coming decades, the metaverse has the potential to become a multi trillion-dollar part of the world economy,” the CEO said, as quoted by Bloomberg. “The next three years are going to be critical for all of the metaverse-aspiring companies like Epic, Roblox, Microsoft, Facebook,” he said in an interview after. “It’s kind of a race to get to a billion users, whoever brings on a billion users first, would be the presumed leader in setting the standards.”

One way to trade the metaverse is with Microsoft (MSFT).

At the moment, it’s working with Meta Platforms, formerly Facebook, to integrate its Workplace app with Microsoft Teams to create a “streamlined flow of remote work related communication between businesses,” says The Street.

While the MSFT stock is a bit pricey at $340, it could see higher highs moving forward.

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