5 Best Metaverse Stocks To Buy Right Now

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In this article, we discuss 5 best metaverse stocks to buy now. If you want to read our detailed discussion on the metaverse, head over to 13 Best Metaverse Stocks To Buy Right Now

5. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 163

Alphabet Inc. (NASDAQ:GOOG) has undertaken many acquisitions to enhance its involvement in Metaverse technologies, including the acquisition of Raxium to gain access to AR/VR hardware solutions. Within the Google Metaverse initiative, ongoing projects like Google Iris and Starline aim to develop devices that offer complete immersion for users in virtual environments. Alphabet Inc. (NASDAQ:GOOG) has also introduced multiple VR and AR products, including Google Glass, Google Glass Edition 2, and Google Cardboard, among others. It is one of the best metaverse stocks to monitor. 

According to Insider Monkey’s third quarter database, Alphabet Inc. (NASDAQ:GOOG) was part of 163 hedge fund portfolios, compared to 152 funds in the prior quarter. Ken Fisher’s Fisher Asset Management is the largest stakeholder of the company, with 43.7 million shares worth $5.7 billion. 

The FPA Crescent Fund stated the following regarding Alphabet Inc. (NASDAQ:GOOG) in its fourth quarter 2023 investor letter:

“Alphabet Inc. (NASDAQ:GOOG) continued going from strength to strength during 2023 despite concerns that competition may infringe on the company’s dominant position in Search. Thus far, Alphabet has continued to hold its own, and we look forward to seeing how the company incorporates further AI developments across the Alphabet ecosystem. Lastly, we are hopeful that the impending arrival of a new CFO will bring a renewed focus on efficiency – an area where we believe Alphabet has ample room for improvement.”

Follow Alphabet Inc. (NASDAQ:GOOG)

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