#4 - Nvidia (NASDAQ:NVDA)
The metaverse is likely to be a lucrative opportunity for a number of chip stocks. However, even with that said, Nvidia (NASDAQ:NVDA) is likely to stand out.
The company is already one of the leading providers of the type of graphic cards that will be needed in the metaverse. And the company has already created the Omniverse, a metaverse-oriented 3D software platform that has already been downloaded by over 70,000 developers.
NVDA stock suffered one of the largest sell-offs in the tech sector. But that will happen when a stock goes up as fast as Nvidia’s did from in October and November of 2021. In fact, in just those two months, the stock went up as much as it did in the prior twelve months.
But as much as we’re including Nvidia In an article about potential metaverse stocks to buy, it could stand alone as a stock to buy for 2022 period. The company has nearly impeccable fundamentals that include growing free cash flow.
About NVIDIA
NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.
Read More - Current Price
- $130.98
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 39 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $116.90 (10.8% Downside)
