Automotive (which more and more is becoming an autonomous vehicle segment) was up 45% and is well on its way to becoming a $1 billion-a-year business for Nvidia. But data center (where much of the metaverse will be built and deployed) sales were up 61%. Video game sales were down 33% year over year last quarter. Of course, not all of Nvidia's metaverse products are firing on all cylinders right now. It could be a video game, it could be a retailer app that lets you visualize a product in your home before you buy, or it could be a virtual rendition of a building an engineering team is designing. Thus, the metaverse will mean different things for different companies depending on what it is they do. What's this business of more than one metaverse, when most investors are still unsure of what the metaverse is in the first place? As mentioned above, Nvidia's top brass simply sees the metaverse as a 3D version of the internet, a more immersive version of the websites, apps, and other services we already use every day. While it hasn't gone as far as changing its name, Nvidia did name its new flagship software platform Omniverse, indicating it believes there will be many "metaverses" it plans to enable and support. Meta isn't the only company betting on immersive 3D experiences. Nvidia: Not the only company betting big on the metaverse Three top "metaverse" stocks worth a look in October are Nvidia, Meta Platforms ( META 1.03%), and Qualcomm ( QCOM 0.62%). With the stock market in turmoil and creating stock buying opportunities, this next iteration of the internet is worth investing in right now. Viewed in this way, the metaverse is already here and doing some interesting things for a few techy consumers and for many businesses too. To date, the best metaverse definition I've heard is from Nvidia ( NVDA 3.66%) CEO Jensen Huang, who simply calls it the "3D internet." "The metaverse" is a phrase often used but not readily understood.
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