The virtual reality (VR) and augmented reality (AR) tech stocks with the strongest long-term growth potential based on your interest in technology and innovation are as follows12:
- Meta Platforms Inc (META):
- Meta is a leader in VR platforms and has a significant presence in the metaverse.
- It has a strong track record of innovation and monetization in VR.
- NVIDIA Corporation (NVDA):
- NVIDIA is a key player in the development of GPUs for VR and AI.
- It has a strong position in the market for graphics processing units (GPUs), which are essential for VR.
- Advanced Micro Devices Inc (AMD):
- AMD is another major player in the GPU market and is well-positioned to benefit from the growth in VR and AI.
- It has a strong focus on hardware and software solutions for AI and is expected to see high demand for its GPUs.
- Apple Inc (AAPL):
- Apple is a leader in consumer electronics and has a strong interest in VR and AR.
- It has a large market cap and a history of innovation, which positions it well for long-term growth in the VR and AR markets.
- Sony Group Corp (SONY):
- Sony has a history of innovation in consumer electronics and is actively involved in the VR and AR markets.
- It has a strong brand and a diverse range of products and services, which could support long-term growth.
These companies are well-positioned to benefit from the growth in VR and AR technologies, which are expected to expand at a compound annual growth rate of 27.5% from 2023 to 20302. Meta and NVIDIA are particularly strong in VR, while AMD and Apple are well-positioned to benefit from the growth in VR and AI. Sony, while not as focused on VR as some of the other companies, is still actively involved in the market and has a strong brand presence.
8/28/2024 03:00am
