Taiwan Semi probably one of the most under-owned tech stocks in the space, says Wedgewood’s Rolfe

CNBC Television published this video item, entitled “Taiwan Semi probably one of the most under-owned tech stocks in the space, says Wedgewood’s Rolfe” – below is their description.

David Rolfe, Wedgewood Partners CIO, joins ‘Squawk on the Street’ to discuss his thoughts on Meta’s stock, if he likes Meta’s metaverse aspirations and why he likes some of the mega-cap tech companies.

CNBC Television YouTube Channel

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In This Story: metaverse

A metaverse is a network of 3D virtual worlds focused on social connection.

In futurism and science fiction, the term is often described as a hypothetical iteration of the Internet as a single, universal virtual world that is facilitated by the use of virtual and augmented reality headsets.

The metaverse is something which many in the early 2020s are actively engaged in developing: an entirely online, virtual and alternative reality, in which people will be able to conduct many forms of business and social interaction – virtually.

The movement towards a metaverse gathered significant pace and attention when Facebook’s parent company rebranded itself to “meta” in 2021.

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In This Story: Taiwan

Taiwan, officially the Republic of China, is a country in East Asia. Neighbouring countries include the People’s Republic of China to the northwest, Japan to the northeast, and the Philippines to the south.

The political status of Taiwan is complicated. The Republic of China (ROC) is no longer a member of the UN, having been replaced by the People’s Republic of China (PRC) in 1971. Taiwan is claimed by the PRC, which refuses diplomatic relations with countries that recognise the ROC. Taiwan maintains official diplomatic relations with 14 out of 193 UN member states and the Holy See.

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