It would be hard to overestimate the potential of virtual reality. VR is already starting to change how we interact with the world, and it will only become more prevalent in the future. If you're looking for a way to invest in VR, you should consider investing in VR stocks. In this blog post, we will discuss 7 of the best VR stocks to buy now.
Meta Platforms Inc.
Many people have regarded Meta as a potential investment opportunity since Mark Zuckerberg announced the creation of the "metaverse," an online world where people can socialize, interact, and shop. Also, Meta has invested billions of dollars in virtual reality, promoting the benefits of immersive technologies for business and social media platforms.
In addition, with the purchase of Oculus in 2014 and the launch of the Meta Quest 2 Headset, the company has sold 8.7 million dollars, monetizing all virtual reality technologies. Undoubtedly, investing in Meta will give you a competitive advantage over other business people in the VR market.
Microsoft Corporation
Since Microsoft combined the purchasing of gaming companies with immersive technologies development, it has been perceived as an optimal choice for investment in the virtual reality market. This explains why you should be considering buying stock associated with Microsoft Corporation.
Apple Inc.
Apple Inc. has a history of releasing groundbreaking products that change how we live and work. The release of their VR headset is highly anticipated, and there is no doubt that it will succeed. In addition, Apple's brand recognition and customer loyalty give it a significant advantage over its competitors in the VR market, which is why investors are considering it.
The VR headset will surely be a hit, and Apple's dominant market share will translate into healthy profits for shareholders. Nonetheless, one of the drawbacks of the VR headset developed by Apple is undoubtedly its expected price. According to Adam Levy, it is expected that the new headset will cost 3,000 dollars per unit. This would be more expensive than the Quest 2 headset, which costs between $299 to $399 per unit.
The company's future growth prospects and ability to compete at this price point remain unknown. Investors will need to consider their options to determine if inversions in VR stock in Apple Inc. are viable.
Matterport Inc.
Matterport is a firm on the rise with significant potential for growth in the virtual reality sector.
This company, which designs digital twins that use 3D cameras and other technologies to reproduce physical replicas of the real world, has seen impressive revenue growth in recent years and is forecast to continue this trend in future years.
Consequently, Michael Adams explains that Matterport Inc. will play a significant role in the general metaverse and virtual reality market, which justifies huge investments in VR stocks in the years to come.
Unity Software
Unity Software has been creating virtual reality videogames that allow players to compete in real-time and create communities based on user-generated content. Typically, the technological products developed by this company targets children and teenagers, making it promising in the virtual reality market.
Therefore, according to Adams, Unity Software's expert teams are supporting building the metaverse's architecture since launching the AR-powered video game Pokemon Go. As a result, Unity Software reported revenue growth of 44% in 2021, although it has lost 50% of stock since then.
NVidia
For instance, Nvidia has a bright future in the virtual reality space since it produces the best gaming processor units (GPUs). This allowed game developers to generate virtual worlds that guaranteed users an authentic, immersive experience.
The potential of NVidia to sell more GPUs is currently extending into the VR market, explaining its projected growth of $200 billion by 2027.
Roblox Corporation
Faizan Farooque explains that Roblox "has a huge following among America's youth," which is true. For example, recent research on Roblox has found that 54.1 million people play the game daily.
In terms of numbers, Roblox is outpacing the competition, Microsoft's Minecraft franchise, translating into an increase of revenue of 108% from last year to 1.9 billion. This fact deserves special attention from investors interested in VR stock.
Takeaway
If you want to invest in the future of immersive technologies, here are seven virtual reality stocks you should consider buying right now. Of course, this is just a snapshot of the VR market, and things could change rapidly in the coming years —so make sure you do your own research before investing any money.
We’re excited about the potential for virtual reality, and we believe it will only continue to grow in popularity. Are you ready to jump on board? If you're considering investing in VR stock, Contact Vection Technologies to begin today.