5 Most Promising Metaverse Stocks to Buy Now

3. Alphabet Inc (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 265

Stock Upside Potential: 18.84%

Alphabet Inc (NASDAQ:GOOGL) is one of the most promising metaverse stocks to buy now. Alphabet shares have more than doubled over the past year, and the Street sees more upside potential in the stock.

On June 11, Alphabet Inc (NASDAQ:GOOGL)’s Google unit announced a nationwide rollout of its interactive home listing ads. This ad format displays property pricing, image, and features. Property shoppers can message, call, or book appointments with local agents directly from the ads.

Notably, the broad rollout of interactive property listing ads comes as Google continues its push into the extended reality (XR) space. The company’s metaverse relevance has strengthened through Google’s Android XR platform and its partnership with Xreal on Project Aura XR glasses. The company has partnered with Xreal to develop XR glasses powered by the Android XR operating system and Gemini AI agent.

Their first project is codenamed Project Aura, and it features a wired XR glass that delivers immersive Google Maps and other features that blend digital and physical worlds. Google showed off the Project Aura XR glass at its I/O event on May 19-20. The glass is expected to go on sale later this year, and it will include support for hand and voice inputs.

Alphabet Inc (NASDAQ:GOOGL), through its Google unit, provides cloud computing platforms that power AR/VR projects. Additionally, Google offers Android XR, an AI-powered operating system for augmented reality, virtual reality, and mixed reality devices.