'Will younger people want a piece of this? I can't be sure ... but I know money managers love it and maybe that's more important,' CNBC's Jim Cramer said.
The metaverse is an increasingly popular term on Wall Street that refers to immersive digital worlds in which people can connect using various devices. "Will younger people want a piece of this? I can't be sure. I'm not one of them, but I know money managers love it and maybe that's more important," Cramer said., the metaverse has been in the spotlight in recent weeks after Facebook changed its company name to Meta.
In addition to Meta, Cramer said Nvidia's high-powered graphics chips will play an important role in the metaverse.Cramer said, alluding to the fact Roblox users develop games that can then be played by other people on the platform.announced a stock-and-cash deal"These are the companies that are currently doing the best work in the metaverse. In the end, I think it will succeed or fail based on its ability to create powerful experiences," Cramer said.
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