It’s never easy to tell when the tipping point will be. These days, LLMs (or AI-powered chatbots) are the talk of the town, with many firms that need to get in on the action or risk being left behind as the so-called “Fourth Industrial Revolution” plays out. Just look back to a year ago when many people were oblivious to LLMs (Large Language Models) like ChatGPT. Don’t Count on a Sudden “Tipping Point” for the Metaverse and Spatial Computing The Metaverse may be much closer to “taking off” than many realize. When it comes to the Metaverse, I do not believe there is time to follow the herd with regard to capital allocation. The mentality in this high-rate environment has been all about cost cuts and driving up efficiencies. In any case, Roblox is still investing with growth in mind. Should the Metaverse become a hot topic again, though, Roblox is one of the names that could quickly heat up. It’s this uncertainty that’s kept the broader basket of metaverse (or VR/AR) stocks from blasting off. As for the Metaverse, it’s tough to tell when the “gold rush” will begin. Undoubtedly, AI seems so much closer to entering its prime, and with that comes monetization (or money-saving) opportunities that may be realizable over a nearer-term time horizon. Though Meta still seeks to become a pioneer in the Metaverse (or spatial computing), a lot of enthusiasm has shifted over to other trends, including AI. Meta Platforms ( NASDAQ:META) helped spark initial metaverse hype when it decided to shift gears and go after the new medium of growth. Renewed Metaverse Enthusiasm Could be Hugely Beneficial for Roblox Stock With so much hype and expectation now squeezed out of the stock, I’m inclined to take a more bullish stance on Roblox as we all start talking a bit more about the Metaverse and its longer-term potential. Now that the stock has had over a year to settle, putting a halt to its initial free-fall, I do believe it’s a good time to give the video-gaming play a second look as it settles near the $40 range while most investors overlook the longer-term potential of the Metaverse. At its worst, the stock shed more than 80% of its value. It was a steep sell-off that set the stage for a broader pullback across various high-tech growth companies. Roblox ( NASDAQ:RBLX) stock has been stuck in a funk ever since shares fell in late 2021 and early 2022.
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