Are these the best Web 3.0 stocks to buy now?
As the stock market continues to show a lack of direction, investors are taking the opportunity to explore new themes in the stock Exchange. Consequently, Web 3.0 Actions are becoming a popular choice among investors. But before that, what is Web 3.0? With hindsight, the web we know today is representative of Web 2.0. Meanwhile, Web 3.0 is the next phase defined by features like decentralization, artificial intelligence, machine learning, and ultimate connectivity. Therefore, users will have better access to information at all times.
Major blockchain companies such as Coinbase (NASDAQ: CURRENCY) have increased by more than 20% in the past two weeks. After all, the most important feature of blockchain is decentralization and it is an ideal foundation for Web 3.0. This rally also follows other trends like Bitcoin, which also hit close to $47,000, nearly erasing losses since the start of the year.
Elsewhere, To block (NYSE: SQ) has also posted gains of more than 8% in the past month. It recently announced a partnership with CodeBase to boost entrepreneurship in Scotland. The company’s payment system, Square, will provide entrepreneurs with access to Square’s payment ecosystem and APIs. All things considered, it should come as no surprise that main Web 3.0 actions are on investors’ radars. So here are some of the biggest names in the stock market today.
Web 3.0 actions to watch in April 2022
Apple is among the pioneers making a huge impact in the era of Web 3.0. The company specializes in the design and manufacture of various technological products. This includes smartphones, personal computers, tablets and other portable devices. These devices run on the company’s iOS and macOS operating systems. In addition to this, Apple also provides services such as advertising, AppleCare, cloud services, digital content as well as payment services. As such, it should come as no surprise that many consider Apple to be one of the leading Web 3.0 stocks.
Recently, Bloomberg reported that Apple is developing its own payment processing technology and infrastructure. This would be part of the company’s ambitious effort to reduce reliance on outside partners for future financial products. Not to mention that Apple could be a bigger force to be reckoned with in the financial services industry. However, the people who revealed these plans asked not to be identified because the plans are not yet public.
Additionally, some reports claim that Apple may offer the iPhone through a new subscription plan. It looks like people might be paying for their devices monthly instead of buying one. Thus, customers can pay on an ongoing monthly basis for access and potentially have an upgrade option as new products become available. That said, there are still uncertainties about the long-term ownership of the device. Given these exciting developments, could AAPL stock be one of the best Web 3.0 stocks to watch?
Another important name to note right now would be Microsoft. The tech giant develops and supports a range of software products, services, devices and solutions. Similar to Apple’s macOS and iOS, Microsoft has its own operating system, Microsoft Windows. It provides a way to store files, run software, play games, watch videos and the list goes on. Basically the heartbeat of most personal computers on the market today. Impressively, MSFT stock has grown over 30% in the past year.
Earlier this month, Microsoft announced exciting developments in cloud technologies for healthcare and life sciences. There will be general availability of Azure Health Data Services and Microsoft Cloud for Healthcare updates. These solutions aim to reduce clinician burnout while providing a more personalized experience for patients. The last two years are excellent examples that reveal the limits of health care systems using conventional means. Thus, Microsoft believes that data and AI hold the key to a new world of health and discovery for the future of the healthcare system.
Additionally, the company and roger (NYSE: RCI) also announced a five-year strategic alliance to help businesses and enterprise customers accelerate digitalization. Additionally, the collaboration hopes to take full advantage of hybrid working and 5G-enabled solutions. Rogers will leverage Microsoft Azure’s strategic cloud infrastructure to drive innovation and unlock new customer experiences. With all that said and done, Microsoft has a large portfolio that could easily transition into a Web 3.0 future. So, should you keep an eye on MSFT’s stock?
[Read More] Top Stock Market News For Today April 1, 2022
According to this, Advanced micro-systems, or AMD for short, is another Web 3.0 player to consider in the stock market today. Through its cutting-edge semiconductor chips, the company powers some of the cutting-edge technologies in the world today. From AI, cloud data centers and high-performance computing to gaming and personal-use devices, it’s evident. Additionally, another key area that AMD is currently focusing on would be blockchain. Since Web 3.0 is primarily built on blockchain technology, AMD stock would be a name to note in the space now.
In detail, AMD’s chips would be crucial to support the computing platforms, PCs and servers that make up the blockchain. As Web 3.0 adoption becomes more widespread, demand for the company’s offerings may follow. As it stands, AMD says it is currently working with existing ecosystem partners to extend its blockchain compute solutions to a wider range of applications. This would show that AMD is constantly updating its portfolio, adapting to the latest technology trends.
As a result, the company recently expanded the availability of its AMD Instinct ecosystem. Essentially, this would refer to the company’s AMD Instinct accelerators. The likes of which are used to supercharge AI workloads in the data center. With its latest expansions, the AMD Instinct ecosystem now benefits from system support from partners such as Dell (NYSE: DELL) and Lenovo (OTCMKTS: LNVGY). After considering all of this, will you be keeping an eye on AMD stock?