5 Most Ambitious Metaverse Companies in the World

3. Amazon.com, Inc. (NASDAQ:AMZN)

Market Capitalization: $1.68 Trillion

Amazon.com, Inc. (NASDAQ:AMZN) has integrated metaverse technology into its marketplace. The company offers an AR shopping tool that allows users to visualize furniture in their rooms before making a purchase. On March 15, 2022, Amazon.com, Inc. (NASDAQ:AMZN) launched an online role-playing game, AWS Cloud Quest, which enables players to develop cloud-computing skills. Users solve cloud-computing puzzles and quests in order to earn points while walking through a virtual world. Amazon.com, Inc. (NASDAQ:AMZN) is a renowned as an e-commerce giant worldwide and is expected to dominate the e-commerce sector within the metaverse.

On March 29, 2022, Exane BNP Paribas analyst Stefan Slowinski initiated coverage of Amazon.com, Inc. (NASDAQ:AMZN) with an Underperform rating and a $2,800 price target.

As of March 25, 2022, Ken Fisher led Fisher Asset Management is the most prominent stakeholder in Amazon.com, Inc. (NASDAQ:AMZN) having stakes of over $7.22 billion in the e-commerce giant. The investment accounts for 4.04% of the fund’s 13F portfolio.

Here’s what Davis Funds had to say about Amazon.com, Inc. (NASDAQ:AMZN) in its Q4 2021 investor letter:

“Within the traditional growth category, growing euphoria has led to bubble prices for many companies, most especially those with new and unproven business models such as those discussed above. In contrast, our research focuses on a select handful of proven growth stalwarts whose shares still trade at reasonable valuations. For example, because of concerns about future litigation and regulation, several dominant internet businesses, including Amazon, trade at steep discounts to many unproven and unprofitable growth darlings that, in our view, trade at euphoric prices. While we expect a continued barrage of negative headlines around the company, as well as increased regulation in the years ahead, we do not expect a significant decline in its long-term profitability.”