8 Best Web3 Stocks to Invest in 2022

by | Apr 13, 2022 | Blog, Blockchain

Web3, also known as Web 3.0, is beginning to get attention on Wall Street. It is regarded as a paradigm shift in finance that will make the internet more accessible to the masses. Naturally, stocks based on this new iteration of the internet are catching the eye of investors as well. Here are 8 of the best Web3 stocks to bet for.

Advanced Micro Devices (NASDAQ: AMD)

The current price is $117.69, and the market cap is $142.75B. AMD stock began to rise with PCs and gaming machines. However, nowadays, clouds are the growth market.

AMD sales in clouds doubled in 2021, and although Cloud buyers are price-sensitive and data centers offer smaller margins than retail, they make it up in volume. AMD’s server market share is currently at 16 percent and still has room to grow. Also, there are over 300 new hyperscale data centers in the making, which are clouds. That will broaden AMD’s capacity even more.

Even though AMD started a bit slow in 2022, it is expected to have a growth similar to the one it had in 2021. For its fourth quarter, AMD reported earnings of $974 million, 80 cents per share, on revenue of $4.8 billion.

Nvidia (NASDAQ:NVDA)

The current price of NVDA is $265.11, and the market cap is $165.16B. Nvidia’s technology is prime to be the power behind Web3 in the future. For instance, it has chips that allow crypto miners to provide essential tasks that run every blockchain network.

Their chipmaker is now developing advanced AI chips to run new Web3 apps and platforms. Additionally, Nvidia launched Nvidia Omniverse, a platform created for Web3 developers to build their own metaverse products.

IBM (NYSE: IBM)

The price is $129.18, and the market cap is $115.85B. IBM’s AI initiatives are their main cornerstone for the market. They bring hugely positive implications for the development of Web3 stocks.

Because they shift more intermediary functions to AI machine learning protocols, IBM has the potential to advance the next generation of internet connectivity. In October 2021, they announced new collaborations and partner relationships to advance the company’s capabilities in hybrid cloud, network automation, AI, and security. Such innovations highlight IBM’s role in helping the industry evolve.

Coinbase (NASDAQ: COIN)

The price is $207.96, and there is no set market cap. Coinbase Global is one of the leading cryptocurrency exchanges. It has over 75 million users and has also announced its plans to launch a non-fungible token (NFT) platform this year.

Their venture capital, VC fund, supports Web3 infrastructure companies that include Solana, BlockFi, and other decentralized projects. Coinbase captured 11 percent of the trading volume in February 2022. Although that percentage has been declining, they expect to rise to 130 percent in annual operating expenses due to their NFT platform.

Fastly (NYSE: FSLY)

The current price is $28.93, and the market cap is $3.37B. Fastly is a provider of content delivery network services. It specializes in bringing the internet closer to the source of demand, which boosts performance and reliability.

While the market of Web3 stocks is experiencing a fall, Fastly stocks keep rising. This is also due to Google possibly acquiring Fastly in the following months, making sense because their infrastructure would help customers manage web content and data traffic.

Unity Software (U)

It is priced at $110.28, and the market cap is $31.16B. Unity software’s main development is a platform to develop real-time 3D content for mobiles, augmented reality devices, and PCs. A considerable number of video games are built on Unity’s engine.

Unity is an attractive bet to capture Web3’s potential because its platform offers an underlying architecture that enables developing and participating in the metaverse. This market is estimated to go over $800 billion by 2028.

Apple (APPL)

The price is $171.88, and the market cap is $2.8B. Because of its mobile communication and media devices, Apple has been a favorite of tech consumers for years. Currently, management is taking steps towards transforming the tech giant into an infrastructure layer for Web3 development.

With more than a billion users, the company has nearly a quarter of the smartphone market, making it covered by Web3 developers.

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