Image Source: Pixabay

Our Metaverse Stocks Index tracks the stock performance of the 10 best metaverse stocks to buy in 2022, according to Elliott Wave Forecast.

The metaverse is a virtual reality world (read What Is the Metaverse? How Is It Intended To Work?) where you can go to work, go to school, browse store shelves, play games, watch concerts, and many other things without leaving your (physical) home. It encompasses technologies like augmented reality, virtual reality, artificial intelligence, procedural image generation, cryptocurrencies and non-fungible tokens (NFTs) among a huge number of other developments.

Below is an update of the performances of the constituents in the Index last week, in descending order, and since the end of June.

1. Cloudflare Inc. (NET): UP 47.5% this past week (UP 61.7% since the end of June)
   • is providing the underlying networking and data services required to make the metaverse a reality by using a software-defined networking model that replaces networking hardware such as routers, switches, and load balancers with far cheaper and more scalable software.
2. Unity Software Inc. (U): UP 28.5% this past week (UP 28.0% since the end of June)
   • is the leading platform for creating and operating interactive, real-time 3D content, giving creators the power to build complex, data-oriented apps using its Mixed and Augmented Reality Studio tool.
3. Matterport Inc. (MTTR): UP 18.4% this past week (UP 39.0% since the end of June) 
   • is providing 3D cameras which bring depth to an image and 360 cameras which bring multiple angles on an app to capture these images on your smartphone as well as software that pulls this all together into one digital twin of the space, and applications to layer on augmented reality features.
4. Roblox Corp. (RBLX): UP 14.7% this past week (UP 40.4% since the end of June)
   • is creating a platform for immersive co-experiences where people can come together within millions of 3D experiences to create their own “worlds” where they can interact and play with others over the internet.
5. Meta Platforms Inc. (FB)(META): UP 5.0% this past week (UP 4.4% since the end of June)
   • is investing billions to create software and content for augmented reality and virtual reality applications, allowing it to address multiple metaverse angles.
6. NVIDA Corp. (NVDA): UP 4.5% this past week (UP 30.8% since the end of June)
   • is producing graphics and video processing chips for artificial intelligence and high-end computing and its products play an integral role in powering the metaverse.
7. Autodesk Inc. (ADSK): UP 2.5% this past week (UP 27.5% since the end of June)
   • is offering a suite of technologies for rendering 3D animation, building and launching virtual buildings, and creating within virtual reality and augmented reality environments.
8. Microsoft Corp. (MSFT): UP 1.0% this past week (UP 4.7% since the end of June)
   • is enabling shared experiences from anywhere through mixed reality applications.
9. Take-Two Interactive (TTWO): DOWN 4.2% this past week (UP 1.8% since the end of June)
   • is generating more revenue from metaverse technology than any of its competition.
10. Match Group Inc. (MTCH): DOWN 7.5%% this past week (DOWN 5.2% since the end of June)
    • is expanding its matchmaking efforts into the virtual realm by integrating avatar-based virtual experiences into its portfolio of mobile applications.

In total, the munKNEE Metaverse Stocks Index went UP 4.7% this past week and is now UP 16.6% since the end of June.

More By This Author:

Plant-Based Food Stocks Are Looking Up - Up 38% Since The End Of June
Psychedelic Stocks Keep Going Higher: Up 29% Last Week
Green Thumb Industries Financials Showed Improvement In Q2