Virtual Reality has become one of the most popular technological areas in a short period of time. It has progressed to the point that it is disrupting other platforms as well. Cryptocurrencies with artificial intelligence, for example. We may now enjoy 3D apps thanks to virtual reality technology.
Some may argue that it presents a virtual world so lifelike that it's difficult to tell what's genuine and what isn't.
What is a VR and Why you should invest in VR Stocks
A computer-simulated world that appears to be real is known as Virtual Reality (VR). Virtual reality headsets are often required for users to see simulated sights and have an immersive experience.
Sensorama was the first Virtual Reality gadget, a machine integrated into a seat that provided an immersive experience while watching 3D movies. To make the movie-watching experience feel as genuine as possible, it emitted scenario-based smells and created vibrations.
The first virtual reality device was created in the mid-1950s. Augmented reality is already being used on some mobile devices. That's pushing virtual reality to the next level.
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This is why it may be a good idea to include Virtual Reality stocks in your portfolio right now. How do you choose the best stocks in the Virtual Reality industry? Be ahead of the curve and invest in emerging trends before the competition.
If you want to invest in virtual reality stocks, you must do it wisely. That is why you must keep a careful eye on the stock market. Software, hardware, workplace, gaming consoles, and smartphones are among the major VR markets.
With that in mind, here are seven virtual reality stocks to consider buying ahead of the big metaverse shift:
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Facebook (NASDAQ: FB)
Of course, everyone knows what Facebook is. The social media behemoth, co-founded by Mark Zuckerberg, is a digital juggernaut that is also making huge gains in the virtual reality field. According to a March article by "The Verge," over a fifth of the company's workers are working on augmented reality (AR) and virtual reality (VR) products.
Mark Zuckerberg demonstrating Facebook's VR Technology (source)
Facebook (NASDAQ: FB) has previously acquired a number of virtual reality firms, including Oculus, which makes virtual reality headsets.
Advertisements are part of the company's goal with Oculus, and it began testing ads on the headsets in May. Oculus' sales in the second quarter increased by 36% to $497 million. It has also purchased gaming studios, most recently buying BigBox VR in Seattle in June.
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Majority of people are familiar with Amazon because of their e-commerce store. When it comes to virtual environments, however, Amazon's strengths include cloud services, IT infrastructure, and video streaming. Amazon (AMZN) is undeniably the market leader in e-commerce, and it will continue to grow in the coming years.
Other businesses entirely missed out on the opportunity to offer items online, and it is now difficult to reclaim customers. Amazon benefits from this, and its expansion plan is already paying off.
They used to strive to lose money every quarter since they spent all of their money on expansion. They can now reap the benefits.
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The same may be said about cloud computing. Many websites and software-as-a-service (SAAS) services are already hosted on their cloud. And what does the future hold for us?
New purchasing applications might be VR-based, Amazon Prime movies could be displayed in VR-ready format, and other technologies could be used. The possibilities are endless.
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Apple Inc. (AAPL)
Everyone acknowledges Apple's dominance in the market. At least, that is how it is in the United States. In December 2018, the company had a market share of 44.8 percent. You almost certainly own an iPhone, iPad, or other Apple device.
Apple (AAPL) has been tight-lipped about its ambitions for virtual reality. Apple Playgrounds, on the other hand, indicate that they are on the fence about interesting new platforms, whether it's augmented reality or other industry-leading technology.
People still anticipate Apple to enter the game at the proper time, given the VR wave. Apple isn't only a fantastic virtual reality investment. In the previous eight years, it has been one of the best-performing stocks.
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Apple's stock price has risen from around $17 in April 2009 to $325 in February 2020. Furthermore, Apple has a market value of $849 billion dollars, surpassing the $1 billion milestones.
Alphabet (NASDAQ: GOOGL)
Alphabet, then known as BackRub, took millions of daily users of its Google search engine –– its most valuable asset –– and applied it to a variety of businesses, including the Android operating system. One of the greatest virtual reality stocks to invest in is this one.
The Google Play store is where the business offers movies, music, and games. It also makes and sells consumer electronics such as the Google Pixel smartphone, Google Home smart speaker, Chromecast internet-streaming devices, and Google wifi wireless router.
Third-party gear, such as Chromebook computers and wearables, is also available via the firm. The headquarters of Alphabet Inc. are in Mountain View, California.
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Google’s VR Headsets (source)
Google (NASDAQ: GOOGL) is also a forerunner in the field of virtual reality.
Daydream is a virtual reality app that works on nearly all smartphones. The VR headset is a pleasant, simple-to-use piece of gear that is intended for maximum comfort. Daydream, the company's offering, employs virtual reality to transport customers on fantastic simulated journeys.
Daydreaming allows individuals to travel across both actual and imagined realms. From the comfort of your own home, you can go swimming with seals, fly through space, and even watch dinosaurs come back to life using your smartphone.
Nvidia Corp (NASDAQ: NVDA)
This virtual reality firm provides graphics chips and CPUs under the GeForce, Quadro, Tesla, and Tegra brands. NVIDIA also provides graphics technology to a range of sectors, including automotive, healthcare, graphic design, special effects, artificial intelligence, cloud computing, robotics, and virtual reality.
For example, NVIDIA technology is being used in the development of self-driving automobiles in the automotive industry. NVIDIA (NASDAQ: NVDA) is a global leader in visual computing and a pioneer in this revolutionary new computing platform.
NVIDIA TuringTM GPUs, drivers, and SDKs provide innovative solutions for virtual reality in a variety of areas, including product design, gaming, and cinematic experiences. Professionals, gamers, and developers will love these goods.
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In the realm of virtual reality, NVIDIA has made significant progress. A good example of this is VRWorks.
VRWorksTM is a library, API, and engine suite that enables organisations to build and develop Virtual Reality headsets for incredible virtual reality experiences.
By combining hyper-realistic graphics, music, and touch interactions to create virtual settings that mimic reality, VRWorks provides a new degree of presence.
Snap (NASDAQ: SNAP)
Picaboo, the forerunner of Snapchat, was founded in 2011. Snapchat was created at Stanford University by a group of students who intended to build a photo messaging service where you could only see the photos shared by others for a short period of time.
Snap Inc. made its first public offering in 2017. (IPO). Snapchat had 191 million daily users in May 2018. Snap also sells Spectacles, which are camera spectacles, as well as advertising goods like Sponsored Lenses and Sponsored Geofilters.
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In terms of augmented reality and virtual reality, Snap has released 15 distinct products and capabilities for businesses in only nine months.
Here's how Snapchat uses virtual reality to its advantage:
Snapchat (NASDAQ: SNAP) has produced a marketing film that demonstrates how Snapchat users may now digitally try on goods such as shoes or nail paint. This can assist them in selecting the appropriate items without having to physically examine them.
It also demonstrates how consumers may scan a product's logo to get more information about it, including a lesson on how to use it, by scanning the logo.
Microsoft (NASDAQ: MSFT)
Microsoft Corporation (NASDAQ: MSFT) is an American global technology corporation with headquarters in Washington, D.C., founded by Bill Gates. It develops, licences, and sells computer software, consumer electronics, personal computers, and other related products and services.
The Xbox video game consoles and the Microsoft Surface series of ultra-modern touchscreen personal PCs are the company's hardware products.
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Along with Google, Apple, Amazon, and Facebook, it is one of America's Big Five IT firms. It has entered the virtual reality space with its Hololens smart glasses, which provide an immersive mixed reality experience backed by the dependability, security, and scalability of Microsoft Azure.
Customers utilise Hololens glasses for gaming, driving automobiles, and in industrial environments. This is another virtual reality stock that comes highly recommended.
Sony Corp (NASDAQ: SONY)
Sony Corp SNE (NASDAQ: SONY) is another fantastic VR company to invest in. Sony's Playstation VR devices mark a watershed moment in virtual gaming.
Their virtual reality headsets simultaneously send a picture to the PlayStation VR and the television, with the television displaying either a distinct image for competitive or cooperative gameplay or mirroring the screen on the headset.
A processor box is also included with the headset, which enables the Social Screen visual output to the television as well as processing a 3D audio effect.
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Summing Up: Future of VR industry
According to IDC Research's 2018 forecasts, investment in virtual reality and augmented reality will grow 21 times in the next four years, reaching a net value of 15.5 billion euros by 2022.
Furthermore, augmented reality and virtual reality will be critical components of every businesses' digital transformation initiatives, resulting in increased expenditure in this sector. As a result, many of the bigger American and European firms are projected to have a VR and RA strategy by 2020.
AR and VR will greatly improve the client experience. As a result, firms will automatically increase their investment in them.