Qualcomm CEO Cristiano Amon told CNBC’s Jim Cramer on Thursday that the chipmaker views the so-called metaverse as much more than just the next frontier for social media.
“The metaverse is going to develop as a number of different opportunities,” Amon said
“You’re always going to have the big social network, consumer play. You’re going to have a big one for gaming, but industrial is big,” contended Amon. He said that underscores the importance of Qualcomm’s partnership with Microsoft. Microsoft uses Qualcomm’s chips in its mixed reality smart glasses.
Discussion of the metaverse has surged in recent months, thanks in large part to social media giant Facebook changing its name to Meta Platforms and announcing a major investments to build out interactive, immersive virtual worlds. That put the metaverse concept, which had been around in science-fiction circles for decades, firmly on Wall Street’s radar.
Amon stressed that its potential goes beyond recreational and social uses. The reason for that is because cloud computing adoption is stretching across the enterprise landscape, he said.
“With the cloud economy we have right now, with everything connected to the cloud, we have digital twins of everything. You can have a digital twin of a car, for example,” Amon said.
– CNBC