5 Most Ambitious Metaverse Companies in the World

2. Alphabet Inc. (NASDAQ:GOOG)

Market Capitalization: $1.87 Trillion

Alphabet Inc. (NASDAQ:GOOG) offers a range of AR and VR products already and is currently working on developing more products for the metaverse. The company’s most innovative extended reality project is Project Starline. This product uses the technological developments in machine learning, computer vision, spatial audio, and real-time compression to make virtual meetings feel like they are being held in person, without the use of a VR headset. Alphabet Inc. (NASDAQ:GOOG) is instead developing a 65-inch 3D video booth to make this possible.

As of March 29, 2022, Alphabet Inc. (NASDAQ:GOOG) has a market cap of $1.87 trillion and has gained 39.38% over the past twelve months.

On March 18, 2022, Tigress Financial analyst Ivan Feinseth raised his price target on Alphabet Inc. (NASDAQ:GOOG) to $3,670 from $3,540 and reiterated a Strong Buy rating.

According to Insider Monkey’s database, TCI Fund Management is the dominating shareholder in Alphabet Inc. (NASDAQ:GOOG) as of the close of Q4 2021. The fund’s stakes in the company are a whopping $8.54 billion, which represents 19.22% of TCI Fund Management’s investment portfolio.

Vulcan Value Partners, an investment management firm, published its fourth-quarter 2021 investor letter in which it mentioned Alphabet Inc. (NASDAQ:GOOG). Here’s what the firm had to say:

“In contrast, we made a different kind of mistake about a decade ago. Google, now Alphabet, performed very well for us while we owned it. The company kept outperforming our assumptions and we kept lowering them to be conservative. “Trees do not grow to the sky.” The stock kept going up and our value grew but did not keep pace with the stock. It hit our estimate of fair value and we sold it with a nice gain, patting ourselves on the back. We kept following the company and what they actually did over the next several years was roughly double the assumptions we used to value it. Therefore, our value was too conservative, and we sold it too cheaply, missing many years of compounding. Fortunately, we experienced some volatility several years ago that allowed us to purchase Alphabet (Google) again with a margin of safety.”