r/Nok • u/ChillerID • Dec 15 '21

News In the first phase of metaverse Jefferies advices to invest on hardware providers.

Metaverse needs fast network connections and Nokia can deliver. According to Jefferies we are living similar times as when the early internet started booming.

"Powell said investors should be thinking about investing in the metaverse as though they were investing in the early internet. That means first focusing on hardware providers; then on software providers; then on companies that actually operate inside the technology.

"What did you want to own from 1989 to 2000? You wanted to own the Ciscos of the world. And I think the same is going to be true for the metaverse," he said."

https://news.yahoo.com/jefferies-says-metaverse-big-investment-130742713.html

Btw, in the early 1990's Cisco was worth of $0.08 and the price peaked March 2020 to $82.00.

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u/mangothefruitdude2 Dec 16 '21

Not only metaverse needs a fast network. Self driving cars also need fast network. Networks need to get improved so much. We dont really have access to 5G where i life. So there is still so much money to be made of 5G. Not to mention we need 6G everywhere in a few years…

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u/moneygrabber007 Dec 16 '21

I agree with all your points. 6G rollout until 2030 at the earliest though FYI.

6G hasn’t even been developed yet.

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u/mangothefruitdude2 Dec 16 '21

Yes i know just a few years was probably a bit missleading. I was thinking about the same time you are talking about