5 Most Promising Metaverse Stocks to Buy

3. Meta Platforms, Inc. (NASDAQ:META)

Number of Hedge Fund Holders: 194

Meta Platforms, Inc. (NASDAQ:META) is a metaverse company given it has invested tens of billions into building various future metaverse products. According to Insider in October 2022, Meta Platforms, Inc. (NASDAQ:META) has invested $36 billion into its Reality Labs division since 2019 and the company plans to invest a “significant amount” of more money into building the metaverse over the next three to five years. Although its current metaverse products still lose money, Meta Platforms, Inc. (NASDAQ:META) has potential in the long term given its huge userbase and world class engineering talent. 194 hedge funds in our database owned shares of Meta Platforms, Inc. (NASDAQ:META) at the end of Q4, ranking the stock #3 on our list of 10 Most Promising Metaverse Stocks to Buy.