Could you profit from the parallel world on the web?

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Facebook believes so strongly in an alternative virtual world that it is planning to spend US$10bil (RM42bil) this year developing its own metaverse, where people can socialise, work and play.

At this point, there is no way of telling which companies will dominate. Facebook has made its intentions clear, but Apple and Google are yet to explain what their vision of a metaverse could look like.

He says: 'I suspect we are going to see better, more immersive games and less expensive virtual reality headsets. A portion of the population will play and enjoy these games, but to me it is a bridge too far to say that everybody is going to move over to this next wave of technology and meet up for virtual rather than real experiences.'

Yiu highlights Nvidia as a potential winner in this respect. This company, listed on the Nasdaq market in the United States, produces the GPU — a graphics card — which is commonly used in gaming and dominates its market. Yiu adds: 'If the metaverse is going to come, it will need a lot of Nvidia's cards. It would be a clear winner, irrespective of whether the metaverse is developed by Facebook, Google or Amazon.

For example, investment fund iShares S&P 500 Information Technology Sector holds the likes of Apple, Nvidia, Micron and Microsoft in its portfolio. Annual charges total 0.15% and shares in the fund can be bought via major investment platform providers such as Hargreaves Lansdown.

 

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