Stock Explore’s Mid-Week Market Melt
Today we break down XR!
Morning Stock Explorers!
The S&P 500 Futures are up this morning. It feels like yesterday when we launched Metaverse MOAT featuring Elle in a VR headset, and it literally was yesterday when Tencent announced its in talks to become the exclusive seller of Meta’s (Facebook) Virtual Reality (VR) headset in China!
What is the history of extended reality (XR)?
XR = virtual reality (VR), dedicated augmented reality (AR), hybrid mixed reality (MR)
Companies are still spending on XR & the initiatives aren’t creating money for shareholders yet!
Meta has been spending $10–12B per year on its XR initiatives
30–50% of Apple patents have been attributed to XR-related functionality
Microsoft signed a contract with the U.S. Army for HoloLens headsets that ultimately fell through, failed field tests and resulted in some layoffs.
Snap and Google have spent billions just on XR-related acquisitions.
Many Investors still believe XR is the future! Why?
Today, VR is used in engineering, industrial design, film production, assembly lines and some schools. Johns Hopkins has also been using XR devices for live patient surgery!
The unveiling of Apple’s mixed-reality device this spring will be critical. Apple leads the market in its ability to produce world-class hardware.
According to Zuckerberg, “The hardest technology challenge of our time may be fitting a supercomputer into the frame of normal-looking glasses. But it's the key to bringing our physical and digital worlds together.” - AKA ~ The mass computing power and lightweight capabilities could be groundbreaking if delivered effectively
Who do you think will lead the XR world? Comment Below!
In other News!
The maker of Jeep, Stellantis(STLA), plans to pay $4.5 billion of dividends to shareholders! The stock is up +3.2% in pre-market trading.
Apple (AAPL) has captured Gen Z: Gen Z users make up 34% of all iPhone owners in the US!
Earnings: Nvidia, TJX, eBay, Etsy, Lemonade, Lucid Group, Sinclair Broadcast Group, Extra Space Storage
Articles To Explore
Bloomberg’s 5 Things you Need to Know To Start Your Day
Matthew Ball’s Metaverse Tracker