Though Meta still seeks to become a pioneer in the Metaverse (or spatial computing), a lot of enthusiasm has shifted over to other trends, including AI. Meta Platforms ( NASDAQ:META) helped spark initial metaverse hype when it decided to shift gears and go after the new medium of growth. Renewed Metaverse Enthusiasm Could be Hugely Beneficial for Roblox Stock With so much hype and expectation now squeezed out of the stock, I’m inclined to take a more bullish stance on Roblox as we all start talking a bit more about the Metaverse and its longer-term potential.

Now that the stock has had over a year to settle, putting a halt to its initial free-fall, I do believe it’s a good time to give the video-gaming play a second look as it settles near the $40 range while most investors overlook the longer-term potential of the Metaverse. At its worst, the stock shed more than 80% of its value. It was a steep sell-off that set the stage for a broader pullback across various high-tech growth companies. Roblox ( NASDAQ:RBLX) stock has been stuck in a funk ever since shares fell in late 2021 and early 2022.

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