Here Are The Winners of Metaverse Buzz

$Arista Networks(ANET.US)$ $Seagate Technology(STX.US)$ $TENCENT HOLDINGS LIMITED(TCTZF.US)$ The buzz around the metaverse is taking the technology sector by storm.

Chipmaker Nvidia Corp. and gaming company Roblox Corp. are just two of the stocks to have surged since Facebook co-founder Mark Zuckerberg renamed his company to highlight a shift in focus to virtual reality.

In that brief three-week period, dozens of tech stocks have added hundreds of billions dollars in market capitalization. Between Nvidia, Roblox and the re-christened Meta Platforms Inc., that equates to a combined $230 billion. Nvidia has gained 18% in November and Roblox is up 39%.

Metaverse -- digital worlds where users can socialize, play games and conduct business -- is a multi-trillion dollar opportunity, according to Epic Games Inc. Chief Executive Officer Tim Sweeney. Still, mass market adoption of virtual reality and augmented reality technologies will only occur when Apple Inc. joins the party, Morgan Stanley analysts have said.

“The Metaverse is real -- but is emerging,” said Neil Campling, an analyst at Mirabaud Securities. “Some of most likely beneficiaries of metaverse gaming should be the platform companies and those with scale,” Campling said, citing the likes of Tencent Holdings Ltd. and Microsoft Corp.

Article excerpted from Yahoo.