Photo by Barbara Zandoval on Unsplash

He hasn’t been at it very long, but Mark Zuckerberg is already giving the Metaverse a bad name.

Meta Platforms Inc. (FB) missed Wall Street’s forecast with profits of $10.3 billion and also reported slowing user growth, while the Reality Labs unit for its Metaverse offering took a $3.3 billion loss.

The news sent shares down more than 26% in a single session and had a ripple effect across the sector as investors sold off hundreds of other tech stocks.

I’m not worried about a bad quarter, per se. But investors may get the impression that the Metaverse is little more than Zuckerberg’s pet project for gamers and consumers.

Nothing could be further from the truth.

The fact is the immersive 3D interactive world will be a boon to businesses, from auto and aircrafts to healthcare and manufacturing – so much so that Morgan Stanley (MS) and Goldman Sachs (GS) are projecting the Metaverse market surging to $8 trillion over the next two decades.
Today, I want to reveal a high-margin company whose core products are perfect for helping industries tap into the power Metaverse technology…

The Top Stock Supporting the Metaverse

The Metaverse will allow people to write and send videos to each other across vast distances, gather into communities where they can exchange ideas, and make working together across distances easier by simulating real meetings and shared workspaces.

It has a bright future with some important businesses already adopting it across the board.

That’s where Autodesk Inc. (ADSK) comes in. The firm cuts its teeth in a field known is known as CAD/CAM. That’s short for Computer Aided Design/Computer Aided Modeling. Among other things, its software provides very complex 3D views for product designers.

Autodesk has remained a favorite among architects, designers, and engineers for years. Fully 70% of the company’s business comes from 3D design software in that market.

In other words, Autodesk was 3D before 3D was cool.

Its cloud-based platform is now used to virtually design buildings, bridges, roads, cars, even smartphones.

But Autodesk now also helps designers and engineers create moving 3D models of buildings and machinery.

Unlike regular architecture and engineering tools, which just show you how the parts fit together, Autodesk can show you how they move and work together – plus let you change them on the fly. Because the replica is digital, it is much easier to monitor than the real thing.

And that’s precisely what manufacturers like defense and aerospace giant The Boeing Company (BA), who are moving into the Metaverse, need.

Boeing estimates that 70% of its quality issues will come down to what wasn’t caught early on.

Following the success car makers have had in introducing the Metaverse to make car manufacturing faster and cheaper, Boeing is following suit and will have its engineers creating its next aircraft use the Metaverse.

In essence, this means using virtual environments and Augmented Reality/Virtual Reality (AR/VR) goggles and other equipment to have engineers from across the world work together, visualize their creation, and simulate and test how the design would perform right then and there.

By cutting down on the lengthy process of turning designs into physical models for testing over and over again, this will make the process go much faster.

It’s no wonder Autodesk’s business is booming.

The firm has seen a 100% increase in architecture, engineering, and design projects on its cloud-based platform compared to before the pandemic. And revenue for the segment was growing at double-digits, even before the pandemic started relenting.

Now, I’ve gone through the firm’s financials and I’m forecasting yearly earnings growth of 30%. That means a double every 2.5 years.

As you can see, Autodesk is a great firm whose core products and expertise are a great fit for the Metaverse.

So, if you are to take a bit of a breather from the current choppy market, then at the very least, this should be on your wealth-building watchlist.

I have three more Metaverse plays lined up for you right now to give you a head start on all the profits still to come. Two are stocks, one is a cryptocurrency, and all three could soar as much as 1,000% over the next few years.