ProShares Trust ProShares Metaverse ETF (ARCA: VERS)

ProShares Trust ProShares Metaverse ETF (ARCA:VERS), Quote.Headers.trade-ideas

Technology

Consumer Cyclical

Communication Services

Real Estate

Healthcare

The Fund invests in financial instruments that ProShare Advisors believes, in combination, should track the performance of the Index. The Index consists of companies that provide innovative technologies to offer products and services around the Metaverse. Metaverse is a term used to refer to a digital world or a future iteration of the internet. The Metaverse is characterized by virtual worlds that create a simulated environment as well as augmented reality where the real-world environment is enhanced by computer generated sensory information.

Roblox

Fubotv Inc

Apple Inc

Immersion Corp Com

Amazon.Com Inc

Nvidia Corp.

Alphabet Inc.Class A

Exp World Holdings, Inc.

Microsoft Corp

Meta Platforms, Inc.

ProShares Metaverse ETF

Equities

News

Markets

Movers

Media

General

FUBO

VERS

FuboTV&#39;s lawsuit against Disney, Fox, and Warner Bros. over the Venu Sports launch is reportedly scheduled for trial on October 6, 2025, potentially delaying the service&#39;s debut.

FuboTV&#39;s Lawsuit Against Disney, Fox, And Warner Scheduled For October 2025 Trial: Report

fubotv-x-vizio-smartcast-ui

Earnings

Guidance

Tech

IRBO

FuboTV (NYSE: FUBO) reported strong Q124 results with sales up 24%, beating estimates. North America revenue up 24%, paid subscribers up 18%, and ARPU up 10%. Lawsuit against DIS, FOX, WBD remains. Q2 and FY24 revenue outlook revised upwards. FUBO stock up 11% at $1.72 premarket.

FuboTV Gaining Popularity North America, High Growth In Paid Subscribers Show

Xerox reported disappointing fiscal Q1 results with a 12.4% decline in sales. Adjusted EPS also missed expectations. Company expects steady revenue and free cash flow in FY24.

Xerox Loses Steam In Q1, Stock Dips

ProShares Trust ProShares Metaverse ETF

VERSES AI Inc

VersaBank

VERSACOM INTL INC by VersaCOM International, Inc.

Versacom International Inc

VERSAILLES FINANCIAL CORP by Versailles Financial Corp.

Versailles Financial Corp

Versant PWR

Versarien PLC

Verso

Versus Systems Inc

<p>The head-to-head matchup between former President <strong>Donald Trump </strong>and Vice President <strong>Kamala Harris </strong>could come down to how several swing states fall in the<a href="https://www.benzinga.com/topic/2024-election"> 2024 presidential election.</a></p>
<p>A new poll shows which candidate is making up ground in the key seven states.</p>
<p><strong>What Happened:</strong> Harris has been trending up <a href="https://www.benzinga.com/general/politics/24/09/40910999/trump-in-trouble-vice-president-harris-has-record-6-point-lead-in-2024-election-poll-after-debat">in 2024 election polls</a> of nationally registered voters, posting her largest lead in the weekly Morning Consult poll this week in the head-to-head matchup.</p>
<p>A new poll of <a href="https://www.benzinga.com/topic/swing-states">swing state</a> voters, which covers seven key battleground states, could show a different picture.</p>
<p><strong>Here are the results from the September Emerson College swing state <a href="https://emersoncollegepolling.com/september-2024-swing-state-polls-trump-and-harris-locked-in-tight-presidential-race/">polls </a>with the results from August in parentheses:</strong></p>
<ul>
<li><strong>Arizona</strong>: Trump 49% (50%), Harris 48% (47%)</li>
<li><strong>Georgia</strong>: Trump 50% (48%), Harris 47% (49%)</li>
<li><strong>Michigan:</strong> Harris 49% (50%), Trump 47% (47%)</li>
<li><strong>Nevada:</strong> Trump 48% (48%), Harris 48% (49%)</li>
<li><strong>North Carolina</strong>: Harris 49% (48%), Trump 48% (49%)</li>
<li><strong>Pennsylvania:</strong> Trump 48% (48%), Harris 47% (48%)</li>
<li><strong>Wisconsin:</strong> Trump 49% (49%), Harris 48% (48%)</li>
</ul>
<p>The results show that Trump leads Harris in four of the seven states and is tied with the vice president in one state. Harris leads Trump in two states. Each candidate led three states in the August poll.</p>
<p>Trump gained support in one state and lost support in two states, with four states remaining the same from August. Harris gained support in two states and lost support in four states.</p>
<p>"There has been marginal movement in the presidential election since the late August Emerson swing state polls before the presidential debate," Emerson College Polling executive director <strong>Spencer Kimball</strong> said. </p>
<p><strong>Did You Know?</strong></p>
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent091924"><strong>Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</strong></a></li>
</ul>
<p><strong>Why It's Important:</strong> The seven swing states in question together represent 93 electoral votes in the 2024 election. Six of the seven states above were won by Biden in the 2020 election with Trump winning North Carolina. Several of the states were flipped from Trump's win in the 2016 election.</p>
<p>A Marist poll recently found how swing state voters in Michigan, Pennsylvania and Wisconsin would vote in the 2024 election if it were held today. The race for Pennsylvania and Wisconsin was close with Trump and Harris tied in Pennsylvania and Harris leading by one point in Wisconsin.</p>
<p>In the state of Michigan, Harris had a five-point lead over Trump.</p>
<p>The three states together represent 44 electoral votes and could prove important in the 2024 election. Trump was the first Republican presidential candidate to sweep the three states since<strong> Ronald Reagan</strong> in 1984, <a href="https://nypost.com/2024/09/19/us-news/trump-harris-neck-and-neck-among-likely-voters-in-pennsylvania-and-wisconsin-veep-up-5-in-michigan-polls/">according </a>to the New York Post. Biden won all three of the states in the 2020 election.</p>
<p>All seven swing states see voters pick the economy as the top issue ahead of the election. Immigration, threats to democracy and housing affordability are also top voter issues in swing states.</p>
<p>With less than two months until the 2024 election, the race between Harris and Trump remains close and swing states continue to be one of the most monitored polling items given their importance.</p>
<p><strong>Check This Out:</strong></p>
<ul>
<li>Lawmakers Made Huge Investments This Year. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent091924"><strong>Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</strong></a></li>
</ul>
<p><em>Photo: Shutterstock</em></p>


Politics

Harris In Trouble? New Swing State Poll Shows Trump Gains Ground In Key Battleground Areas For 2024 Election

<p>Jefferies  analyst Paul Zimbardo   initiates coverage on Xcel Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XEL#NASDAQ">XEL</a>) with a Hold rating and announces Price Target of $70.</p>


Price Target

Initiation

Analyst Ratings

Jefferies Initiates Coverage On Xcel Energy with Hold Rating, Announces Price Target of $70

<p>Jefferies  analyst Julien Dumoulin-Smith   initiates coverage on Alliant Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LNT#NASDAQ">LNT</a>) with a Hold rating and announces Price Target of $67.</p>


Jefferies Initiates Coverage On Alliant Energy with Hold Rating, Announces Price Target of $67

<p>Jefferies  analyst Julien Dumoulin-Smith   initiates coverage on OGE Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OGE#NYSE">OGE</a>) with a Buy rating and announces Price Target of $46.</p>


Jefferies Initiates Coverage On OGE Energy with Buy Rating, Announces Price Target of $46

<p>Jefferies  analyst Julien Dumoulin-Smith   initiates coverage on Ameren (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEE#NYSE">AEE</a>) with a Buy rating and announces Price Target of $97.</p>


Jefferies Initiates Coverage On Ameren with Buy Rating, Announces Price Target of $97

<p>Jefferies  analyst Julien Dumoulin-Smith   initiates coverage on Evergy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVRG#NASDAQ">EVRG</a>) with a Buy rating and announces Price Target of $70.</p>


EVRG

Jefferies Initiates Coverage On Evergy with Buy Rating, Announces Price Target of $70

<p>Jefferies  analyst Julien Dumoulin-Smith   initiates coverage on Pinnacle West Capital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNW#NYSE">PNW</a>) with a Buy rating and announces Price Target of $104.</p>


Jefferies Initiates Coverage On Pinnacle West Capital with Buy Rating, Announces Price Target of $104

<p>Jefferies  analyst Julien Dumoulin-Smith   initiates coverage on Exelon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXC#NASDAQ">EXC</a>) with a Buy rating and announces Price Target of $46.</p>


Jefferies Initiates Coverage On Exelon with Buy Rating, Announces Price Target of $46

<p>Jefferies  analyst Paul Zimbardo   initiates coverage on PPL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPL#NYSE">PPL</a>) with a Buy rating and announces Price Target of $38.</p>


Jefferies Initiates Coverage On PPL with Buy Rating, Announces Price Target of $38

<p>Mortgage rates continue to <a href="https://www.benzinga.com/news/24/09/40921345/mortgage-rates-drop-to-2-year-low-refinancing-hits-fastest-pace-since-2022-rocket-lendingtree-among">fall toward 6%</a> as the housing market absorbs the Federal Reserve&#8217;s 0.5% rate cut on Wednesday, raising demand for refinancing and buying, stated Freddie Mac.</p>
<p>The average rate for a 30-year fixed mortgage fell to 6.09% on Thursday, down from 6.2% a week ago and 7.19% a year earlier, according to Freddie Mac&#8217;s Primary Market Mortgage Survey.</p>
<p>The rate for a 15-year fixed mortgage declined to 5.15%, down from 5.27% a week ago and 6.54% a year earlier.</p>
<p>"Mortgage rates continued declining towards the six percent mark, reviving purchase and refinance demand for many consumers," said <strong>Sam Khater</strong>, Freddie Mac's chief economist.</p>
<p><strong>Read Also:<a href="https://www.benzinga.com/top-stories/24/09/40923657/single-family-housing-starts-are-up-as-mortgage-rates-decline-fed-eyes-lower-rates"> Single-Family Housing Starts Are Up As Mortgage Rates Decline, Fed Eyes Lower Rates</a></strong></p>
<p>"While mortgage rates do not directly follow moves by the Federal Reserve, this first cut in over four years will have an impact on the housing market. Declining mortgage rates over the last several weeks indicate this cut was mostly baked in, but we expect rates to fall further, sparking more housing activity."</p>
<p>Exchange-traded funds that hold mortgage stocks are sensitive to mortgage rates because they primarily invest in mortgage-backed securities (MBS) or mortgage-related assets, which are directly impacted by changes in interest rates.</p>
<ul>
<li><strong>IShares Mortgage Real Estate ETF </strong>(BATS:<a class="ticker" href="https://www.benzinga.com/stock/REM#BATS">REM</a>) rose 0.82%</li>
<li><strong>VanEck Mortgage REIT Income ETF </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MORT#NYSE">MORT</a>) went up 0.74%</li>
<li><strong>IShares MBS ETF </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBB#NASDAQ">MBB</a>) ticked up 0.06%</li>
</ul>
<p>IShares Mortgage Real Estate ETF holds 15.2% of the REIT, <strong>Annaly Capital Management, Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NLY#NYSE">NLY</a>), while VanEck Mortgage REIT Income ETF holds 11.1%.</p>
<p><strong>Read Now:</strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/markets/24/09/40817001/mortgage-rates-fall-to-lowest-level-since-february-2023">Mortgage Rates Fall To Lowest Level Since February 2023</a></strong></li>
</ul>
<p><em>Photo: Shutterstock</em></p>


REIT

ETFs

FMCC

MORT

iShares FTSE NAREIT Mortgage PLUS Capped Index Fund

Mortgage Rates Near 6%, Demand Increases For Refinancing, Purchases

<p>Jefferies  analyst Julien Dumoulin-Smith   initiates coverage on Duke Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>) with a Buy rating and announces Price Target of $138.</p>


Jefferies Initiates Coverage On Duke Energy with Buy Rating, Announces Price Target of $138

<p>Morgan Stanley  analyst Jeffrey Hung   upgrades Centessa Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNTA#NASDAQ">CNTA</a>) from Equal-Weight to Overweight and raises the price target from $11 to $26.</p>


Upgrades

CNTA

Morgan Stanley Upgrades Centessa Pharmaceuticals to Overweight, Raises Price Target to $26

<p>South Korean gaming giant <strong>Krafton's</strong> recent acquisition of <strong>Microsoft Corp.&#8217;s </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) <strong>Tango Gameworks</strong>, known for titles like The Evil Within and Hi-Fi Rush, marked a significant move in the <a href="https://www.benzinga.com/general/gaming">gaming sector.</a></p>
<p>The deal, announced on Aug. 13, was driven more by a commitment to preserving creative talent than by financial incentives.</p>
<p><strong>See Also: <a href="https://www.benzinga.com/general/gaming/24/08/40320631/krafton-saves-tango-gameworks-acquires-hi-fi-rush-ip-from-xbox">Krafton Saves Tango Gameworks: Acquires Hi-Fi Rush IP From Xbox</a></strong></p>
<h1 class="wp-block-heading"><strong>Commitment Over Profit</strong></h1>
<p>&#8220;We don't think Hi-Fi Rush 2 is going to make us money, to be frank,&#8221; CEO <strong>Changhan Kim</strong> revealed in <a href="https://www.gamedeveloper.com/business/-we-don-t-think-hi-fi-rush-2-is-going-to-make-us-money-krafton-ceo-says-tango-gameworks-acquisition-is-about-legacy">dialogue </a>with Game Developer. </p>
<p>&#8220;We wanted to maintain their legacy,&#8221; he added. &#8220;Although they did not have a big success in their games, we saw many creatives worth pursuing. That&#8217;s why we wanted to work with that organization.&#8221;</p>
<h1 class="wp-block-heading"><strong>Strategic Focus On Hi-Fi Rush</strong></h1>
<p>The acquisition focused specifically on the Hi-Fi Rush intellectual property. </p>
<p>&#8220;Because Hi-Fi Rush fans really want to see sequels, we negotiated with Tango Gameworks' parent company to acquire that IP as well,&#8221; Kim explained. </p>
<p>This move was intended to streamline the acquisition process and ensure the game's legacy continued without unnecessary delays.</p>
<p>Kim also addressed the practical aspects of the deal. "If we were to acquire all IPs, I think it's going to complicate the deal too much," he noted. </p>
<h1 class="wp-block-heading"><strong>Staff Transition, Future Plans</strong></h1>
<p>The acquisition involved around 50 of Tango Gameworks&#8217; 100 employees, with the remaining staff not joining Krafton. </p>
<p>Kim reassured that Krafton had no plans to reduce the new studio's staff and hinted at potential expansion.</p>
<p>&#8220;Krafton is a pretty big company, but Microsoft is very complicated,&#8221; Kim said. &#8220;We wanted to help the team continue developing their games, but especially Hi-Fi Rush.&#8221;</p>
<p><strong>Read Next:</strong></p>
<ul>
<li><a href="https://www.benzinga.com/general/gaming/24/05/38791690/xbox-exec-sarah-bond-addresses-microsofts-studio-closures-its-always-extraordinarily-hard-to-make-">Xbox Exec Sarah Bond Addresses Microsoft&#8217;s Studio Closures: &#8216;It&#8217;s Always Extraordinarily Hard To Make Decisions Like That&#8217;</a></li>
</ul>
<p><em>Photo: Courtesy of Tango Gameworks.</em></p>


Gaming

MSFT

Why Krafton Bought Tango Gameworks From Microsoft: CEO Kim Reveals 'We Don't Think Hi-Fi Rush 2 Is Going To Make Us Money'

<p>Politan Capital Management (together with its affiliates, "Politan"), a 9% shareholder of Masimo Corporation ("Masimo" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MASI#NASDAQ">MASI</a>), today commented on the outcome of the Company's Annual Meeting of Stockholders (the "Annual Meeting").</p>
<p>Both of Politan's independent nominees – Darlene Solomon and William Jellison – were elected to the Board.1 Politan greatly appreciates the support and engagement from its fellow Masimo shareholders during this process.</p>
<p>Darlene Solomon, William Jellison, Michelle Brennan and Quentin Koffey issued the following joint statement:</p>
<p>"While each of us is independent and brings our own unique perspectives, we are united in our enthusiasm for Masimo's future as a leading, innovation-focused growth company. We look forward to meeting with, learning from, and working together with the Healthcare and Consumer employees to make Masimo an even greater company. We would also like customers to know that we will be completely focused on preventing any disruption to their service and support. We will have more to share soon."</p>


Management

MASI

Politan Comments On Results Of Masimo's 2024 Annual Meeting, Both Of Politan's Independent Nominees Darlene Solomon And William Jellison Were Elected To The Board

<p><i>- Initiation of pivotal CYB003 Phase 3 study in Major Depressive Disorder ("MDD") expected imminently -</i></p>
<p><i>- 12-month efficacy data from Phase 2 study of CYB003 in MDD expected in early Q4 2024 -</i></p>
<p><i>- Phase 2 topline efficacy and safety results for CYB004 in Generalized Anxiety Disorder ("GAD") expected year-end 2024 or early Q1 2025 -</i></p>
<p><i>- Strengthened R&amp;D team with addition of experienced drug development leaders Dr. Atul R. Mahableshwarkar, and Dr. Tom Macek, as program leads for CYB003 and CYB004, respectively -</i></p>
<p><a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.cybin.com%2F&amp;esheet=54124810&amp;newsitemid=20240919771162&amp;lan=en-US&amp;anchor=Cybin+Inc.&amp;index=1&amp;md5=66087b8f12a3993545dbd3142c3afc66">Cybin Inc.</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CYBN#NYSE">CYBN</a>) (Cboe CA:CYBN) ("<strong>Cybin</strong>" or the "<strong>Company</strong>"), a clinical-stage breakthrough neuropsychiatry company committed to revolutionizing mental healthcare by developing new and innovative next-generation treatment options, today reported recent clinical accomplishments and key upcoming clinical milestones.</p>


Biotech

CYBN

Cybin Provides Corporate Update On Upcoming Clinical Milestones; Initiation Of Pivotal CYB003 Phase 3 Study In Major Depressive Disorder Expected Imminently; 12-Month Efficacy Data From Phase 2 Study Of CYB003 In MDD Expected In Early Q4 2024; Phase 2 Topline Efficacy And Safety Results For CYB004 In Generalized Anxiety Disorder Expected Year-End 2024 Or Early Q1 2025

ASTC

Astrotech FY24 EPS $(7.12) Down From $(5.95) YoY; Revenue $1.66M Up From $750K YoY

<p><strong>Mobileye Global Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) shares<a href="https://www.benzinga.com/news/24/09/40897994/whats-going-on-with-intel-stock-on-tuesday"> skyrocketed on Thursday</a> after<strong> Intel Corp</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) assured investors it would not drop its majority stake in the Israeli autonomous driving company.</p>
<p>Mobileye gained 14.99% to close at $13.35 on Thursday, marking its largest intraday jump since late October 2022.</p>
<p>&#8220;We currently do not have any plans to divest a majority interest in the company,&#8221; Intel said in a statement.</p>
<p>&#8220;By providing Mobileye with separation and autonomy, we have enhanced its ability to capitalize on growth opportunities and accelerate its path to creating even greater value.&#8221;</p>
<p><strong>Read Also: <a href="https://www.benzinga.com/news/24/09/40941075/whats-going-on-with-autonomous-driving-stock-mobileye-thursday">What&#8217;s Going On With Autonomous Driving Stock Mobileye Thursday?</a></strong></p>
<p>Intel, which holds an 88% stake in Mobileye, said it believes in the future of autonomous driving technology and in Mobileye's &#8220;unique role as a leader&#8221; in developing advanced driver assistance systems.</p>
<p>Intel CEO <strong>Pat Gelsinger</strong> has been changing his company's operations and showed more of his plans earlier this week to get the troubled chipmaker back on track, including pausing building factories in Germany and Poland and turning its manufacturing sector into a wholly owned subsidiary, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-09-19/mobileye-jumps-after-intel-says-it-won-t-divest-majority-stake?srnd=homepage-americas&amp;sref=TBDibEcD">reported</a>.</p>
<p>Intel discussed possibly selling some its Mobileye stake either on the public market or through a third-party sale, Bloomberg reported earlier this month.</p>
<p>Mobileye, which provides both software and hardware for self-driving systems, was acquired by Intel in 2017 for about $15 billion. It had an initial public offering in 2022, but Intel held most of the stake.</p>
<p><strong>Read Now:</strong></p>
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/10/35469115/mobileye-lowered-revenue-outlook-but-these-analysts-are-still-bullish-heres-why"><strong>Mobileye Lowered Revenue Outlook But These Analysts Are Still Bullish &#8211; Here&#8217;s Why</strong></a></li>
</ul>
<p><em>Photo: Ilan Ben Oudiz<a href="https://creativecommons.org/licenses/by-sa/4.0"> via </a>Wikimedia Commons</em></p>



Global

INTC

MBLY

Mobileye Soars After Intel Says It Will Not Sell Majority Stake

<p><a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4259289-1&amp;h=1854567284&amp;u=https%3A%2F%2Fnauticusrobotics.com%2F&amp;a=Nauticus+Robotics+Inc.">Nauticus Robotics Inc.</a>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KITT#NASDAQ">KITT</a>) a leading innovator in autonomous subsea robotics and software, today announced receipt of a letter from the Nasdaq Stock Market LLC ("Nasdaq") approving an extension of time to regain compliance with all listing standards.</p>
<p>The letter received from Nasdaq grants Nauticus an exception until December 31, 2024 to demonstrate compliance with the Nasdaq Capital Market listing rules. Nauticus management presented its detailed plan to gain compliance during the Nasdaq Hearings Panel meeting held on September 5, 2024.</p>
<p>Nauticus will continue to work through its plan with intent to resolve all compliance issues before the deadline of December 31, 2024.</p>
<p>With the granting of this Nasdaq exception, Nauticus remains listed on the Nasdaq capital market. Once the compliance plan is fully executed, Nauticus will make further disclosures describing the actions taken by the Company to achieve compliance.&nbsp;</p>


KITT

Nauticus Robotics Announces Notification Of NASDAQ Listing Extension, Will Continue To Work Through Its Plan With Intent To Resolve All Compliance Issues Before The Deadline Of December 31, 2024

WIIM

AGBA

AGBA Group shares are trading higher after the company announced all AGBA/Triller merger closing conditions have been met, with the exception of the final Nasdaq listing regulatory approval.

<ul>
<li><strong>AGBA's merger with Triller Corp. is on track to close</strong><br /><br /><br /><br />&nbsp;</li>
<li><strong>Shareholder approval was granted for AGBA to be incorporated as a Delaware Corporation and domiciled in the U.S., operating under the name Triller Group Inc.</strong><br /><br /><br /><br />&nbsp;</li>
<li><strong>All AGBA/Triller merger closing conditions have been met, with the exception of the final Nasdaq listing regulatory approval, soon anticipated</strong><br /><br /><br /><br />&nbsp;</li>
</ul>
<p>NEW YORK, Sept. 19, 2024 /PRNewswire/ -- AGBA Group Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGBA#NASDAQ">AGBA</a>) ("AGBA" of the "Company"), a multi-channel business platform delivering first-class financial services through machine-learning technologies, today announced the results of its general shareholder meeting (the "Meeting") held on September 19, 2024. During the Meeting, AGBA's shareholders resoundingly approved all proposals put forth for vote and moved AGBA's merger with Triller Corp. to its final stage of completion. &nbsp;In the coming weeks, AGBA and Triller Corp. anticipate receiving Triller Group Inc.'s (the pro forma merged parent company) new Nasdaq listing approval, the final closing condition to the transaction, and expect their merger to close shortly thereafter.</p>
<p>Today's Meeting and shareholder vote provided approval for AGBA to be re-domiciled in the State of Delaware and incorporated as a company under Delaware State Law operating under the new name "Triller Group Inc."</p>
<p>The shareholder vote also approved the amended and restated merger agreement dated as of August 30, 2024 ("Merger Agreement"), by and between AGBA (to be renamed Triller Group Inc.), AGBA Social Inc., a wholly owned Delaware subsidiary of AGBA, Triller Corp. and Triller's stockholder representative, with respect to the acquisition of 100% of the outstanding capital stock and conversion of all restricted stock units of Triller Corp., in exchange for common stock and preferred stock of the newly named Triller Group Inc. the conversion of all existing Triller Corp. restricted stock units into Triller Group Inc. restricted stock units, and the assumption of certain Triller Corp. warrants.</p>
<p>It was also agreed at the Meeting that AGBA's Revised Charter Amendment would supersede and stand in substitution for the Charter Amendment Proposal to approve (i) the adoption and filing of the Company's Sixth Amended and Restated Memorandum and Articles of Association to supersede and replace in its entirety AGBA's Fifth Amended and Restated Memorandum and Articles of Association to, among other things, (A) increase the number of the Company's ordinary shares authorized for issuance thereunder from 1,000,000,000 to 1,500,000,000, (B) authorize a new class of 100,000,000 class A preferred shares and authorize a new class of 45,000 super voting class B Shares, with each share entitled to 10,000 votes, and (C) to enable the majority shareholders to approve matters by written consent, and (ii) the adoption and filing of AGBA's Seventh Amended and Restated Memorandum and Articles of Association to supersede and replace in its entirety the Company's Sixth Amended and Restated Memorandum and Articles of Association to consolidate the above amendments and to effect the forward share split of the AGBA Ordinary Shares on a 1.9365 basis, and the resulting increase in the total number of authorized ordinary shares from 1,500,000,000 to 2,904,753,145 and increase in the outstanding AGBA Ordinary Shares from 97,736,035, shares to 189,265,804 shares and reduction in the par value of each&nbsp; AGBA Ordinary Shares from $0.001 to $0.000516395 (the "Share Split").</p>
<p>AGBA's shareholders authorized and approved that after its merger with Triller Corp. has closed, and based on the number of outstanding AGBA Ordinary Shares as of August 30, 2024, Triller Corp.'s Stakeholders will hold 70% of the aggregate of (i) the economic interests of the outstanding Triller Group Inc. capital stock plus (ii) the outstanding Triller Group Inc. RSUs, and the current AGBA shareholders will hold the remaining 30% ("Agreed Stakeholder Proportions"), and that AGBA's Board of Directors ("Directors") be and are hereby authorized to make such amendments and adjustments to the Merger Agreement and the numbers of securities to be so issued in Triller Group Inc., in their sole discretion, as may be required or desirable to give effect to the Merger Agreement Proposal and the Agreed Stakeholder Proportions.</p>
<p>Further, the shareholders granted to authorize and approve a reverse share split of AGBA Ordinary Shares in the range of 1 to 1.5 to 1 to 20 and grant to AGBA's Directors the discretion and authority to determine the exact reverse split ratio, within the above specified range, ("Reverse Share Split") and to further authorize and approve any consequential changes and amendments to AGBA's memorandum and articles of association, and to authorize and grant discretion to AGBA's Directors to do all things necessary to give effect to the Reverse Share Split as may be required.</p>
<p>These approved proposals reflect transformative changes being implemented at AGBA and mark a significant step forward for Triller Group Inc.'s future enhanced growth and positioning within the technology and social media industries.</p>


AGBA Group Holding Limited Announced Moving Towards Finalizing The Merger Upon Receiving New Nasdaq Listing Approval For Triller Group Inc., Involving Re-Domiciliation To Delaware, Authorization Of A Forward Share Split, A Reverse Share Split, And Allocation Of 70% Of Economic Interests To Triller Corp.'s Stakeholders

ProShares Metaverse ETF declares quarterly distribution of $0.1519

Sphere Of Influence: How To Not Miss The Metaverse And ETFs

ProShares Metaverse ETF declares quarterly distribution of $0.038877

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p><a href="https://www.taylorstrategy.com/posts/ai-is-bringing-the-metaverse-back-to-life-so-whats-next">The metaverse is back</a>, creating a massive opportunity for some of the best metaverse stocks.</p>



<p>Yep, that network of shared, immersive virtual worlds where you can play, work, and even shop with millions of other people is back. The same one that helped Mark Zuckerberg and&nbsp;Meta Platforms&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/meta-stock-quote/"><strong>META</strong></a>) rack up&nbsp;<a href="https://fortune.com/2023/10/27/mark-zuckerberg-net-worth-metaverse-losses-46-billion-earnings-stock/">about $46.5 billion in losses since 2019</a>. </p>



<p>Should the metaverse idea take off this time,&nbsp;<a href="https://connect.comptia.org/blog/metaverse-statistics-facts-stats-market-size-and-future">Statista says we could be looking at a potential $490.4 billion market by 2030</a>. With hopes that it will &ndash; thanks in part to AI &ndash; investors may want to consider some of the best metaverse stocks and exchange-traded funds (ETFs), such as:</p>



<h2><strong>Roundhill Ball Metaverse ETF (METV)</strong></h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/05/etf-arrows-1600-300x169.jpg" alt='Colorful arrows pointing at the multicolored word "ETF" against a cement surface'><div>Source: shutterstock.com/eamesBot</div></div>


<p>Since late last year, the&nbsp;<strong>Roundhill Ball Metaverse ETF</strong>&nbsp;(NYSEARCA:<a href="https://investorplace.com/stock-quotes/metv-stock-quote/"><strong>METV</strong></a>) rallied from a low of about $9.05 to a recent high of $11.67.</p>



<p>All should help push the METV ETF even higher, along with the metaverse comeback story. With an expense ratio of 0.59%.</p>



<p>For anyone looking to diversify with some of the metaverse stocks with low fees, the METV ETF is an attractive place to park your cash long-term.</p>



<h2><strong>ProShares Metaverse ETF (VERS)</strong></h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/etf-bull-keyboard-300x169.jpg" alt="keyboard featuring a bull on the etf key. etfs to buy"><div>Source: Shutterstock</div></div>


<p>Just as explosive, the&nbsp;<strong>ProShares Metaverse ETF</strong>&nbsp;(NYSEARCA:<a href="https://investorplace.com/stock-quotes/vers-stock-quote/"><strong>VERS</strong></a>) ran from about $33 to $42.11, and could see higher highs. </p>



<p>With an expense ratio of 0.58%, the ETF tracks the Solactive Metaverse Theme Index, and offers investors access to companies shaping the virtual world.</p>



<p>&nbsp;As you wait for the metaverse ETF to push higher, why not get paid for it?</p>



<h2><strong>iShares Future Metaverse Tech and Communications ETF (IVRS)</strong></h2>


<div><img width="300" height="122" src="https://investorplace.com/wp-content/uploads/2021/08/communication-technology-1600-300x122.jpg" alt="communication technology for internet business. global world network and telecommunication on earth"><div>Source: greenbutterfly / Shutterstock.com</div></div>


<p>There&rsquo;s also the&nbsp;<strong>iShares Future Metaverse Tech and Communications ETF</strong>&nbsp;(NYSEARCA:<a href="https://investorplace.com/stock-quotes/ivrs-stock-quote/"><strong>IVRS</strong></a>), which invests in tech hardware and <a href="https://investorplace.com/industries/technology/software/">software stocks</a> associated with the metaverse.&nbsp;</p>



<p>With an expense ratio of 0.47%, the ETF holds impressive <a href="https://investorplace.com/industries/technology/">tech stocks</a>. At the moment, it&rsquo;s a very low volume ETF that trades just under $33 a share.</p>



<h2><strong>Unity Software (U)</strong></h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/unity_u_stock_1600-300x169.png" alt="In this photo illustration Unity Software Inc. (U stock) logo is seen on a mobile phone and a computer screen."><div>Source: viewimage / Shutterstock.com</div></div>


<p><strong>Unity Software</strong>&nbsp;(NYSE:<a href="https://investorplace.com/cryptocurrency/u/"><strong>U</strong></a>), which provides software platforms that create and operate interactive, real-time 3D content. </p>



<p>While its chart has seen better days, don&rsquo;t write the stock off just yet. For one, the company is cutting&nbsp;<a href="https://www.bloomberg.com/news/articles/2024-01-08/unity-software-to-cut-1-800-employees-about-25-of-workforce">about 25% of its workforce</a>, becoming far more focused on eventual profitability.&nbsp;</p>



<p>Two, with the resurgence of the metaverse, Unity Software could come back strong, with patience. Three, Unity is &ldquo;bringing its powerful authoring tools for creating immersive real-time 3D apps and simulations to Apple&rsquo;s new spatial computing platform, Apple Vision Pro,&rdquo;&nbsp;<a href="https://unity.com/polyspatial-visionos-industry#:~:text=Unity%20is%20bringing%20its%20powerful,computing%20platform%2C%20Apple%20Vision%20Pro.">according to Unity&rsquo;s site</a>.</p>



<p>&ldquo;We&rsquo;ve been working with Unity to bring those apps to Vision Pro, so popular Unity-based games and apps can gain full access to VisionOS features such as Passthrough, high-resolution rendering and native gestures,&rdquo; said Susan Prescott, Apple&rsquo;s vice president of worldwide developer relations,&nbsp;<a href="https://www.cnbc.com/2023/06/05/unity-stock-jumps-as-much-as-11percent-on-apple-vision-pro-partnership.html">as quoted by CNBC</a>.</p>



<p>With that, I&rsquo;d take advantage of the recent, and most likely temporary pullback in U. From its current price of around $33, I&rsquo;d like to see the stock retest $50 initially.</p>



<h2><strong>Roblox Corp. (RBLX)</strong></h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/rblx1600-1-300x169.jpg" alt="Roblox sign logo at headquarters. RBLX stock"><div>Source: Michael Vi / Shutterstock.com</div></div>


<p><a href="https://www.fastcompany.com/90878692/roblox-grows-up#:~:text=The%203D%2Dworld%20for%20kids,Brands%20are%20taking%20notice.&amp;text=%E2%80%9CWhen%20you%27re%20ready%2C,whatever%20posture%20feels%20most%20supportive.%E2%80%9D">Roblox is the closest thing to a mainstream metaverse</a>. With a mission to build a human co-experience platform that enables billions of users to come together to play, learn, communicate, and explore, it&rsquo;s one of the top metaverse stocks to consider.</p>



<p>Better, the company currently has about&nbsp;<a href="https://backlinko.com/roblox-users">70.2 million daily active users</a>. All of which &ldquo;create, play, work, learn, and connect with each other in&nbsp;experiences&nbsp;built by our global community of creators,&rdquo;&nbsp;<a href="https://ir.roblox.com/news/news-details/2024/Roblox-to-Report-Fourth-Quarter-and-Fiscal-Year-2023-Financial-Results-on-February-7-2024/default.aspx">as noted by the company</a>.&nbsp;</p>



<p>Earnings are just as exciting here. In its most recent quarter, the company saw revenue growth of 38% to $713.2 million year over year. Bookings were up 20% year over year to $839.5 million. Average daily users jumped 20% to 70.2 million.&nbsp;</p>



<p>&ldquo;Our strong third-quarter results reflect our continued platform innovation and growth across all age groups and geographies. We are executing against our key priorities to enable deeper forms of immersion, communication, and Avatar expression on the platform, while investing in artificial intelligence, brands, and advertising, to drive future growth,&rdquo;&nbsp;<a href="https://ir.roblox.com/news/news-details/2023/Roblox-Reports-Third-Quarter-2023-Financial-Results/default.aspx">added David Baszucki, founder and CEO of Roblox</a>.</p>



<h2><strong>Nvidia (NVDA)</strong></h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/05/nvda1600-4-300x169.png" alt="Nvidia corporation (NVDA) logo displayed on smartphone with stock market chart background. Nvidia is a global leader in artificial intelligence hardware and software"><div>Source: Poetra.RH / Shutterstock.com</div></div>


<p>There&rsquo;s also the super-explosive Nvidia, which just ran from a low of about $400 to $616.17. From here, it could easily test $700 near-term, possibly $1,000 by year-end. </p>



<p>All thanks to incredible demand for its AI chips, which show no signs of slowing.</p>



<p>Better,&nbsp;<a href="https://www.streetinsider.com/Analyst+PT+Change/NVIDIA+%28NVDA%29+PT+Raised+to+%24740+at+KeyBanc/22630932.html?classic=1">KeyBanc, which cited strong demand for AI chips by data centers</a>, hiked their price target to $740 from $650, with an overweight rating.&nbsp;<a href="https://www.tipranks.com/news/the-fly/nvidia-initiated-with-an-overweight-at-cantor-fitzgerald">Analysts at Cantor Fitzgerald</a>&nbsp;also initiated coverage of NVDA with an overweight rating with a $775 price target.</p>



<p>We also have to remember that Nvidia is a key part of the metaverse. For example, it just announced a &ldquo;suite of new generative AI tools for users to experiment with on Omniverse, its real-time graphics collaboration platform,&rdquo;&nbsp;<a href="https://cybernews.com/tech/nvidia-announces-new-ai-tools-to-reimagine-metaverse/">as noted by CyberNews.com</a>. It&rsquo;s even&nbsp;<a href="https://nvidianews.nvidia.com/news/nvidia-and-microsoft-to-bring-the-industrial-metaverse-and-ai-to-hundreds-of-millions-of-enterprise-users-via-azure-cloud">partnered with tech giants like Microsoft</a>&nbsp;to bring the industrial metaverse and AI to millions of users.&nbsp;</p>



<h2><strong>Meta Platforms (META)</strong></h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/11/fb-stock-meta-1600-300x169.jpg" alt="META stock logo is shown on a device screen. Meta is the new corporate name of Facebook."><div>Source: Blue Planet Studio / Shutterstock.com</div></div>


<p>Meta Platforms &ndash;&nbsp;<a href="https://www.barrons.com/articles/microsoft-market-cap-today-0f6746ca">now a $3 trillion company</a>&nbsp;&mdash; still plays an essential role in the future of the metaverse, even though it lost billions of dollars with it so far.</p>



<p><a href="https://www.xrtoday.com/mixed-reality/porsche-partners-with-meta-to-demonstrate-metaverse-potential/">According to XRToday.com</a>, Porsche will leverage Meta&rsquo;s &ldquo;MR headsets to create immersive presentations for upcoming vehicles in a bid to showcase how emerging Metaverse services provide business value. </p>



<p>With its partnership, Porsche allows multiple attendees to move around and interact with a shared VR environment during new and upcoming product showcases.&rdquo;</p>



<p>That&rsquo;s another reason to get excited about the metaverse comeback.</p>



<p><em>On the date of publication, Ian Cooper did not hold (either directly or indirectly) any positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a></em>.</p>
<div><p>Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/01/the-7-best-stocks-and-etfs-to-invest-in-the-metaverse-now/">The 7 Best Stocks and ETFs to Invest in the Metaverse Now</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

The 7 Best Stocks and ETFs to Invest in the Metaverse Now

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>The metaverse is coming back, creating a long list of hot metaverse stocks to buy.</p>



<p>Look at&nbsp;<strong>Meta Platforms&rsquo;</strong>&nbsp;(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/meta-stock-quote/"><strong>META</strong></a></span>) Reality Labs, for example. While it saw a massive loss of $4.6 billion in its recent quarter, <a href="https://blockworks.co/news/metas-reality-labs-reports-revenue-of-1b-losses-of-4-6b">revenue stood at $1 billion</a>. A year earlier, the Labs&rsquo; revenue was $727 million.&nbsp;&ldquo;We&rsquo;ve invested heavily in both AI and the metaverse and will continue to do so,&rdquo;&nbsp;CEO Mark Zuckerberg added.</p>



<p>Despite the metaverse&rsquo;s dismal history, it could be worth about&nbsp;<a href="https://www.grandviewresearch.com/press-release/global-metaverse-market">$936 billion by 2030</a>, according to Grand View Research. This is due in part to end-use industry demand from&nbsp;media and entertainment, education, and aerospace and defense.</p>



<p>With excitement only set to grow, investors may want to look into these top metaverse stocks to buy.</p>



<h2><strong>Roblox Corp. (RBLX)</strong></h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/rblx1600-300x169.jpg" alt="Roblox Stock IPO"><div>Source: Miguel Lagoa / Shutterstock.com</div></div>


<p>One of the top metaverse stocks to buy on pullbacks is&nbsp;<strong>Roblox Corp</strong>. (NYSE:<span><a href="https://investorplace.com/stock-quotes/rblx-stock-quote/"><strong>RBLX</strong></a></span>).&nbsp;</p>



<p>Over the last few weeks, Roblox slipped from about $46 to $38, where it found double bottom support. Further,&nbsp;analysts at Roth MKM <a href="https://seekingalpha.com/news/4057001-roblox-among-top-comms-gainers-as-roth-mkm-sees-bright-2024">reiterated its buy</a> rating on the stock.</p>



<p>We&rsquo;ll get more information from RBLX earnings on Tuesday. Roth MKM raised its estimates after a strong year of engagement for the company. The firm also &ldquo;boosted fourth-quarter bookings expectations to $1.08B &mdash; reflecting 20% growth, in line with the rest of Wall Street &mdash; and raised its forecast for adjusted earnings before interest, taxes, depreciation and amortization to $188M,&rdquo;&nbsp;<a href="https://seekingalpha.com/news/4057001-roblox-among-top-comms-gainers-as-roth-mkm-sees-bright-2024">as noted by Seeking Alpha</a>.</p>



<p>Remember that RBLX is the closest thing to a mainstream metaverse, with about 70.2 million daily active users.</p>



<h2><strong>Unity Software (U)</strong></h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/unity_u_stock_1600-300x169.png" alt="In this photo illustration Unity Software Inc. (U stock) logo is seen on a mobile phone and a computer screen."><div>Source: viewimage / Shutterstock.com</div></div>


<p>Take advantage of the recent dip to $32 on&nbsp;<strong>Unity Software</strong>&nbsp;(NYSE:<span><a href="https://investorplace.com/stock-quotes/u-stock-quote/"><strong>U</strong></a></span>).&nbsp;</p>



<p>Down but not out, it&rsquo;s&nbsp;<a href="https://www.reuters.com/technology/unity-software-cutting-25-staff-company-reset-continuation-2024-01-08/">cutting its workforce</a> by about 25%.&nbsp;Focusing more on profitability, U is working with&nbsp;<strong>Apple</strong>&nbsp;(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/aapl-stock-quote/"><strong>AAPL</strong></a></span>). They are concentrating on immersive, real-time 3D apps for the tech giant&rsquo;s&nbsp;<a href="https://seekingalpha.com/article/4635369-unity-buy-the-backbone-of-the-apple-visionpro-and-meta-quest?source=acquisition_campaign_google&amp;internal_promotion=true&amp;utm_source=google&amp;utm_medium=cpc&amp;utm_campaign=20702154181&amp;utm_term=156477543482%5Edsa-1485125208378%5E%5E682998008775%5E%5E%5Eg&amp;hsa_acc=5428037747&amp;hsa_cam=20702154181&amp;hsa_grp=156477543482&amp;hsa_ad=682998008775&amp;hsa_src=g&amp;hsa_tgt=dsa-1485125208378&amp;hsa_kw=&amp;hsa_mt=&amp;hsa_net=adwords&amp;hsa_ver=3&amp;gad_source=1&amp;gclid=Cj0KCQiA5fetBhC9ARIsAP1UMgHv4Qj9NbLNasc-gQOqZVbA_3dWkBr6qgBjbAs6vZnHwRsda6fZJ0saAjj6EALw_wcB">Apple Vision Pro</a>. Plus, with the metaverse showing signs of life, the company should see stronger demand.</p>



<p>Additionally, Bank of America just reiterated a buy rating on Unity. </p>



<p>&ldquo;The bank has faith that Unity will emerge better positioned to compete in a stabilizing mobile game market with improved profitability and strategic focus.&nbsp;The wind-down of certain businesses will remove $300M in low-growth business that drags on profitability, and headcount reductions will result in savings of about $230M,&rdquo; as <a href="https://seekingalpha.com/news/4059508-unity-reiterated-buy-at-bofa-amid-changes">noted</a> by Seeking Alpha.</p>



<p>From its current price of $32.84, I&rsquo;d like to see Unity Software initially retest $42.</p>



<h2><strong>ProShares Metaverse ETF (VERS)</strong></h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/vr-metaverse-300x169.png" alt="An image of a person wearing a VR headset looking up, a nebulous digital cloud in the upper corner"><div>Source: Vit-Mar/Shutterstock</div></div>


<p>Or, if you want to diversify at a low cost, check out the&nbsp;<strong>ProShares Metaverse ETF</strong>&nbsp;(NYSEARCA:<span><a href="https://investorplace.com/stock-quotes/vers-stock-quote/"><strong>VERS</strong></a></span>).</p>



<p>With an <a href="https://www.proshares.com/our-etfs/strategic/vers">expense ratio</a> of 0.58%, the VERS ETF tracks&nbsp;the Solactive Metaverse Theme Index, which tracks stocks most relevant to the metaverse industry. Also, each company needs to generate at least 50% of revenues from metaverse operations. Top holdings for the ETF include&nbsp;<strong>Advanced Micro Devices</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/amd-stock-quote/"><strong>AMD</strong></a></span>), Meta Platforms,&nbsp;<strong>Amazon.com</strong>&nbsp;(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/amzn-stock-quote/"><strong>AMZN</strong></a></span>),&nbsp;<strong>Nvidia</strong>&nbsp;(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/nvda-stock-quote/"><strong>NVDA</strong></a></span>), and&nbsp;<strong>Microsoft</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/msft-stock-quote/"><strong>MSFT</strong></a></span>).</p>



<p>Since November, the VERS ETF ran from a low of about $33 to a high of $43. It dipped to about $39.62 and is just starting to push higher again.</p>



<p><em>On the date of publication, Ian Cooper did not hold (either directly or indirectly) any positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.</em></p>
<div><p>Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/02/3-metaverse-stocks-to-buy-on-the-dip-february-2024/">3 Metaverse Stocks to Buy on the Dip: February 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

3 Metaverse Stocks to Buy on the Dip: February 2024

AI-Powered Metaverse Applications Propelled Tech Stocks In 2023

ProShares Metaverse ETF declares quarterly distribution of $0.0389

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>The metaverse is rapidly gaining traction, and investors are scrambling to get in on the action with cheap metaverse stocks. As technology continues to advance, the concept of a fully immersive, interconnected virtual world is becoming increasingly tangible. These cheap metaverse stocks should be on every investors&rsquo; radar.</p>



<p>Although the technology so far has not met many investors&rsquo; expectations, I feel that we are just beginning to tap into the potential of the industry. We are using &lsquo;metaverse-like&rsquo; technologies increasingly in our everyday lives: from cryptocurrencies to NFTs to VR/AR and much more. It could be a matter of time before these brands lift off to new heights, thus making them comparably undervalued.</p>



<p>So for this article, here are seven cheap metaverse stocks for investors to buy for May. I believe that these brands will be strong performers in the future, and therefore won&rsquo;t stay cheap for much longer.</p>



<h2>Roblox (RBLX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/04/rblx-stock-300x169.jpg" alt="A child playing Roblox on a smartphone."><div>Source: Katya Rekina/ Shutterstock.com</div></div><p><strong>Roblox</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/rblx-stock-quote/"><strong>RBLX</strong></a>) operates a platform where users can create and play games. It has a vast user base and continues to focus on monetization strategies and partnerships, such as those with high-profile brands for advertising.</p>



<p>This year, RBLX has set a financial guidance with expected bookings of approximately $4.03 billion, up from <a href="https://ir.roblox.com/news/news-details/2024/Roblox-Reports-Fourth-Quarter-and-Full-Year-2023-Financial-Results/">analysts&rsquo; expectations</a> of $3.98 billion, and aims for an adjusted EBITDA of around $490 million. The company plans to cap its capital expenditures related to infrastructure at about $100 million and anticipates a share dilution between 3% and 4%.</p>



<p>Additionally, RBLX is targeting a yearly growth in bookings of over 20% from 2025 to 2027, with an improvement in margins of 100 to 300 basis points annually over the same period&#8203;.</p>



<p>Looking back at 2023, RBLX reported significant financial metrics including a 38% year-over-year increase in revenue for the third quarter, reaching $713.2 million. Despite these gains, the company reported a net loss of $277.2 million for the quarter.</p>



<p>Trading at just 6.7 times sales, RBLX could be one of those undervalued metaverse stocks to consider.</p>



<h2>Unity Software (U)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/unity_u_stock_1600-300x169.png" alt="In this photo illustration Unity Software Inc. (U stock) logo is seen on a mobile phone and a computer screen."><div>Source: viewimage / Shutterstock.com</div></div><p><strong>Unity Software</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/u-stock-quote/"><strong>U</strong></a>) is a leading platform for creating and operating interactive, real-time 3D content. Unity basically provides some of the &ldquo;picks and shovels&rdquo; that allow the metaverse to come to life.</p>



<p>This year,&nbsp; the <a href="https://unity.com/resources/industry-trends-report-2024">company aims to support creators</a> across the entire game development cycle with new AI features and a first look at Unity 6. They are also launching Unity Cloud, a platform aimed at broadening the usability of Unity&rsquo;s tools in cloud environments.</p>



<p>It also provided a financial outlook for 2024, projecting revenues between $1.76 billion to $1.80 billion and adjusted EBITDA of $400 million to $425 million.</p>



<p>Unity reported strong revenue growth, with a 38% increase year-over-year, and continued to invest in technology that advances its capabilities in real-time 3D content creation.</p>



<p>Stocks like U that provide the 3D engines for the metaverse to thrive may become in hot demand in later years, and of course it also benefits from the growth headwinds of the expanding gaming market as well.</p>



<h2>Nvidia (NVDA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/07/nvda1600-1-300x169.png" alt="Nvidia (NVDA) investment growth and profit trading concept. Nvidia company logo on screen of smartphone against blurred background of up trading stock chart"><div>Source: Below the Sky / Shutterstock.com</div></div><p><strong>Nvidia</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/"><strong>NVDA</strong></a>) is known for its advanced graphics processing units that are essential for gaming and professional markets, including applications in the metaverse.</p>



<p>NVDA is still my best pick for one of those undervalued metaverse stocks despite its high multiples for both sales and earnings.&nbsp;</p>



<p>Financially, NVDA <a href="https://www.shacknews.com/article/138814/nvidia-nvda-q1-2025-revenue-guidance">has shown robust performance</a> and has projected even stronger outcomes for the upcoming fiscal year. For the first quarter of fiscal 2025, NVDA expects revenue to be around $24 billion. This guidance exceeds Wall Street expectations.</p>



<p>NVDA trades at 75 times earnings and 36 times sales. However, the expected growth rates for these metrics make them lower on their forward measures, at 39 times earnings and 22 times sales, respectively. This means that although these metrics may be high today, analysts are confident that NVDA&rsquo;s fundamentals will improve in the future.</p>



<p>There&rsquo;s also some potential for NVDA to do a stock split in the coming years, with it trading for nearly $900 per share at the time of writing, which could incur some indirect benefits to investors.</p>



<h2>Shopify (SHOP)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/05/shop_shopify1600-300x169.png" alt="Shopify (SHOP) on the phone display."><div>Source: Burdun Iliya / Shutterstock.com</div></div><p><strong>Shopify</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/shop-stock-quote/"><strong>SHOP</strong></a>) provides an e-commerce platform that is expanding into the metaverse by enabling new forms of digital commerce and integration of NFTs.</p>



<p>Shopify&rsquo;s metaverse strategy <a href="https://www.shopify.com/retail/digital-fashion-retail">includes enhancing digital fashion</a>, which represents a significant market opportunity projected to reach $50 billion by 2030. Digital fashion on Shopify allows for the creation of 3D clothing and accessories that are more sustainable and cost-effective.</p>



<p>Finally, Shopify&rsquo;s President has expressed optimism about the future of retail in the metaverse, emphasizing the importance of integrating commerce features into online platforms.</p>



<p>As one of the most popular web store builders, SHOP is positioning itself well to take advantage of the rising tide of metaverse products for store owners to tap into, potentially selling them on sites such as Instagram and Facebook.</p>



<p>Analysts are very optimistic about SHOP&rsquo;s near-term financial performance for FY2024, <a href="https://stockanalysis.com/stocks/shop/forecast/">anticipating that its EPS</a> will rise 944.33% to 1.04 this year. This then makes SHOP one of those undervalued metaverse stocks to consider.</p>



<h2>ProShares Metaverse ETF (VERS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/vr-metaverse-300x169.png" alt="An image of a person wearing a VR headset looking up, a nebulous digital cloud in the upper corner"><div>Source: Vit-Mar/Shutterstock</div></div><p><strong>ProShares Metaverse ETF</strong> (NYSEARCA:<a href="https://investorplace.com/stock-quotes/vers-stock-quote/"><strong>VERS</strong></a>) is an exchange-traded fund that invests in companies heavily involved in the metaverse sector.</p>



<p>The financial data for VERS <a href="https://stockanalysis.com/etf/vers/holdings/">reveals an asset total</a> of $5.74M, with a relatively low expense ratio of 0.58%, and a P/E ratio of 25.42. The fund distributes a dividend yield of 0.69% with an annual dividend of $0.28 per share and maintains a conservative payout ratio of 17.44%. It has shown strong performance with a 1-year return of 24.81%.</p>



<p>Key stock holdings of the fund include leading tech companies like <strong>Alphabet</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>, NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) 4.97%, Nvidia 4.60%, <strong>Apple</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/aapl-stock-quote/"><strong>AAPL</strong></a>) 4.55%, <strong>Amazon</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/amzn-stock-quote/"><strong>AMZN</strong></a>) 4.55%, and <strong>Microsoft</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/msft-stock-quote/"><strong>MSFT</strong></a>) 4.38%.</p>



<p>I think that VERS could be one of those undervalued picks for investors to consider if they&rsquo;d like to invest in a broad-basket of metaverse stocks. It may go well with people who are particularly bullish on the sector, and its intersectionality with AI and robotics could further the bull case.</p>



<h2>Fastly (FSLY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/07/fsly-stock-1-300x169.jpg" alt="A magnifying glass zooms in on the Fastly (FSLY) website."><div>Source: Pavel Kapysh / Shutterstock.com</div></div><p><strong>Fastly</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/fsly-stock-quote/"><strong>FSLY</strong></a>) operates an edge cloud platform, which is crucial for delivering content with reduced latency. In addition to U, it&rsquo;s one of those companies that provided the crucial infrastructure to make the metaverse a possibility.</p>



<p>FSLY <a href="https://investors.fastly.com/news/news-details/2024/Fastly-Announces-First-Quarter-2024-Financial-Results/default.aspx">has issued guidance</a> for 2024, forecasting total revenue to range between $555 million and $565 million. This represents a slight decrease from earlier projections of up to $585 million due to pricing pressures.</p>



<p>For the first quarter of 2024, Fastly reported a positive operating cash flow of $11.1 million and continues to focus on optimizing operations despite a non-GAAP operating loss.</p>



<p>I still believe that FSLY is an undervalued option for investors. For one, analysts have given the stock a 69.29% predicted upside from its current level. Its EPS also set to surge in the triple digits from FY2026 to FY2027, thus making it comparatively undervalued on an EPS basis.</p>



<h2>Coinbase (COIN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/11/metaverse-300x169.jpg" alt="A concept image of the metaverse with two young adults wearing virtual reality headsets. undervalued metaverse stocks"><div>Source: Shutterstock</div></div><p><strong>Coinbase</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/coin-stock-quote/"><strong>COIN</strong></a>) is one of the <a href="https://investor.coinbase.com/news/news-details/2024/Coinbase-Announces-Proposed-Private-Offering-of-1.0-Billion-of-Convertible-Senior-Notes-Due-2030/default.aspx">largest cryptocurrency exchanges</a>, and it&rsquo;s becoming increasingly involved in the metaverse through its NFT marketplace.</p>



<p>This platform supports NFTs on the <strong>Ethereum </strong>(<a href="https://investorplace.com/cryptocurrency/eth-usd/"><strong>ETH-USD</strong></a>) blockchain and aims to introduce more blockchains in the future.</p>



<p>Coinbase has also introduced a mobile DApp browser and a DeFi wallet, enhancing user interaction with decentralized finance (DeFi) protocols for lending, borrowing, and trading. This includes a co-custodial hot wallet setup.</p>



<p>However, in its first quarter of 2024, Coinbase experienced some challenges, notably a consensus revenue estimate reduction of 14%.</p>



<p>Still, I am firmly bullish on COIN&rsquo;s long-term prospects, and I also think that this year will be the one where cryptos such as <strong>Bitcoin </strong>(<a href="https://investorplace.com/cryptocurrency/btc-usd/"><strong>BTC-USD</strong></a>) shine, especially since many FAANG stocks could be seen as too overvalued for most investors&rsquo; tastes.</p>



<p>COIN could then be one of those undervalued metaverse stocks for investors to consider.</p>



<p><em>On the date of publication, Matthew Farley did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed are those of the writer, subject to the</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"><em> </em>InvestorPlace.com Publishing Guidelines</a>.</p>
<div><p>Matthew started writing coverage of the financial markets during the crypto boom of 2017 and was also a team member of several fintech startups. He then started writing about Australian and U.S. equities for various publications. His work has appeared in MarketBeat, FXStreet, Cryptoslate, Seeking Alpha, and the New Scientist magazine, among others.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/05/7-cheap-metaverse-stocks-to-buy-now-may-2024/">7 Cheap Metaverse Stocks to Buy Now: May 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

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ProShares Trust ProShares Metaverse ETF

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