Meta Platforms (META)
Formerly known as Facebook, Meta Platforms (NASDAQ: META) has transformed itself to embrace the metaverse fully. In simple terms, the metaverse is a medium for virtual interaction in a computer-generated environment. While some of Meta’s metaverse projects may seem unconventional, such as virtual office spaces, the potential for utilitarian connectivity is vast.
Last fiscal year, Meta surpassed all quarterly earnings targets. Notably, during the third quarter, the company exceeded expectations with earnings per share of $4, beating the projected $3.31. Analysts anticipate earnings per share of $20 and revenue of $158.25 billion for the current fiscal year, a substantial increase from the previous year’s $14.87 EPS and $134.9 billion in sales.
Microsoft (MSFT)
Microsoft (NASDAQ: MSFT), a dominant force in software, continues to lead in innovation, particularly in artificial intelligence. The company’s mixed reality headset, HoloLens, stands out as a remarkable technological advancement. While not solely focused on virtual reality, Microsoft integrates cutting-edge virtualization technologies with real-world applications.
Financially, Microsoft consistently performs well, steadily improving its results. Analysts project earnings per share of $11.65 and revenue of $244.22 billion for fiscal 2024, a notable increase from last year’s $9.81 earnings on $211.91 billion in sales.
Taiwan Semiconductor (TSM)
Taiwan Semiconductor (NYSE: TSM), a global semiconductor manufacturer, plays a crucial role in the development of virtual reality technologies. For any advanced application like virtual reality to thrive, powerful computer chips are essential, making TSMC a vital player in the industry. As technology, including VR, continues to evolve rapidly, TSMC’s stock is on an upward trajectory, boasting over 38% growth this year.
Analysts anticipate earnings per share to reach $5.76 and revenue to hit $84.34 billion for fiscal 2024, up significantly from the previous year’s $5.19 EPS and $69.4 billion in revenue. As a linchpin for various technological innovations, TSMC is a name investors should consider.
With the virtual reality sector poised for significant growth and innovation, these three stocks – Meta Platforms, Microsoft, and Taiwan Semiconductor – offer investors promising opportunities in the realm of digital interactivity.
