Yahoo Finance's Ines Ferre gives an outlook on the market as tech stocks rise and travel stocks rebound as Omicron fears fade for travelers.
Shares of Nvidia (NASDAQ: NVDA) charged higher on Tuesday, adding as much as 6.2%. An analyst added the chipmaker to its "best of" list for 2022, citing potential from the metaverse, while the broad market rally was no doubt a contributing factor. Analysts at Citi named Nvidia as one of their top stocks to buy for 2022.
Investors have increasingly focused on metaverse stocks, given the increased attention on the virtual reality (VR) sector. Much of that focus has gone to Meta Platforms (NASDAQ: FB), the parent company of Facebook, which changed its name to help capitalize on this market. Other investors may devote attention to Nvidia (NASDAQ: NVDA), as its chips will likely power many metaverse applications.