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Top 17 Virtual Reality or Augmented Reality Tech Stocks

Melisa R. H. Posted On February 6, 2019
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Virtual reality and augmented reality are the newest platform for entertainment, and even productivity. Apple recently announced a further investment in AR technology. This developing sector has enormous potential and a myriad of possible applications, and the market is sure to grow.

Here are the top technology companies working on artificial and augmented reality.

💻 Technology

Advanced Micro Devices (AMD-Q)
AMD is working on their Liquid VR technology that provides an ecosystem for companies to build on. Their technology allows for near-photorealistic imagery in real-time.

Advanced Micro Devices (AMD-Q) — Stockchase
Advanced Micro Devices (AMD-Q) — Stockchase

Opinion about AMD-Q: Today, shares are down because they could not include the revenue from the MI308 in the upcoming quarter, and the street didn't like that. That said, the semis are coming back and this momentum will continue to the end of the year.

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3D Systems (DDD-N)
Involved in VR – 3D Systems creates specialized simulators using VR headsets to train healthcare professionals. They’re also a leader in 3D printing and scanning, which can be rendered in virtual reality.

3D Systems (DDD-N) — Stockchase
3D Systems (DDD-N) — Stockchase

Opinion about DDD-N: Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research DDD has been on a pretty steady downward trend since 2022 and is down 55% over the last year. Since 2021, DDD has seen revenues declining along with swinging to a net loss that became worse from 2022 to 2023. 3D printing…

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Facebook (FB-Q)
Involved in AR – Facebook is working on their own augmented reality glasses. They’ve already registered some patents and recently expanded their Facebook Reality Lab to continue their work.

Meta Platforms, Inc. (META-Q) — Stockchase
Meta Platforms, Inc. (META-Q) — Stockchase

Opinion about META-Q: (A Top Pick Aug 28/24, Up 53%) Didn't trim this either, in his top 5. 12-month price target of $805. You might write some calls, but it's another one that blew the doors off earnings. If you own it, hold on. For new $$, buy in thirds here, around $730, and anything…

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Alphabet Inc (C) (GOOG-Q)
Involved in VR and AR – Google is no stranger to VR, launching their first virtual reality viewer in 2013. They have started experimenting with mobile VR advertising format, and the company is rumoured to be building a new version of Glass. They also provide an augmented reality platform called ARCore.

Alphabet Inc (GOOG-Q) — Stockchase
Alphabet Inc (GOOG-Q) — Stockchase

Opinion about GOOG-Q: The cloud services business started generating positive operating income, but the other ones are negative. There is so much underlying value in GOOG. The big risk is regulation, but if forced to break up, then parts of the business will sell off. GOOG generates tons of free cash flow, and are great…

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GoPro Inc (GPRO-Q)
Involved in VR – GoPro launched their Fusion Camera, which allows creators to create 360-degree virtual-reality footage. They also made their VR player technology, Forge.js, open-source and free so people can create their own VR experiences and host them on a user’s website.

GoPro Inc (GPRO-Q) — Stockchase
GoPro Inc (GPRO-Q) — Stockchase

Opinion about GPRO-Q: (A Top Pick Jan 25/16. Down 1.98%.) *Short*. Shorted this because we were having momentum to the downside in the market. Also, this had a high valuation.

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Hewlett-Packard Co (HPQ-N)
Involved in VR – HP already has a Windows Mixed Reality Headset, which takes advantage of Windows software to play games, live stream and more.

Hewlett-Packard Co (HPQ-N) — Stockchase
Hewlett-Packard Co (HPQ-N) — Stockchase

Opinion about HPQ-N: He doesn't like the PC business, and 3D printing won't move the needle for them.

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Microsoft (MSFT-Q)
Involved in VR and AR – Microsoft’s Hololense is a mixed reality headset, that allows you to see holographic images appear win the real world. Their headset can also connect to Xbox and provide an immersive gaming experience.

Microsoft Corp (MSFT-Q) — Stockchase
Microsoft Corp (MSFT-Q) — Stockchase

Opinion about MSFT-Q: (A Top Pick Aug 28/24, Up 30%) 12-month price target of $620. Hasn't trimmed, still second-largest holding in his fund. Earnings were very strong, especially coming out of the cloud. So many strong horses in the race. Very strong in AI participation.Buy in thirds here, under $500, and ~$470.

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Nvidia Corp (NVDA-Q)
Involved in VR – Nvidia created the GeForce RTX GPUs to drive VR experiences. Their GPU allows for more immersive, and real-time graphics.

NVIDIA Corporation (NVDA-Q) — Stockchase
NVIDIA Corporation (NVDA-Q) — Stockchase

Opinion about NVDA-Q: It's good that they can now sell those chips to China (though pay a tariff and will result in an earnings hit). NVDA has had a lot of momentum.

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Nokia (NOK-N)
Involved in AR – Nokia cancelled their Ozo camera program, which captured 360-degree virtual reality footage. However, they are working on including more AR features in their cellphones.

Nokia (NOK-N) — Stockchase
Nokia (NOK-N) — Stockchase

Opinion about NOK-N: It is in a good formation with a rounded bottom and he likes it. It is in a mini uptrend after forming a base at the end of a downtrend. It is trying to break out of the last point of resistance. It is OK for legging in.

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Apple (AAPL-Q)
Involved in AR – Apple is working on their Augmented Reality headset, and may launch it as early as 2020. They are also heavily investing in augmented reality for iOS, working together with companies such as GE, Ikea, and American Airlines to bring AR into the day-to-day.

Apple Inc (AAPL-Q) — Stockchase
Apple Inc (AAPL-Q) — Stockchase

Opinion about AAPL-Q: The CEO is open to M&A activity with $113 billion worth of cash while their $100 billion share buyback has been in autopilot the last few years. Investors like the idea of Apple potentially buying a company to lead in the AI race. The earnings and revenue growth, sales in China and…

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Nintendo Company Ltd. (7974-TYO)
Involved in VR – The Nintendo Switch is being rumoured to get a Virtual Reality headset. Although this is unconfirmed, the Switch console is said to attach to a headset to be used for games.

Nintendo Company Ltd. (NTDOY-OTC) — Stockchase
Nintendo Company Ltd. (NTDOY-OTC) — Stockchase

Opinion about NTDOY-OTC: (A Top Pick Apr 13/23, Up 22%) Very strong business with sticky user base (kids and grownups love video games). Benefited from demand in Japan equities. New products (Switch) coming out which is good for profits. New content with movies will increase demand for products. Stock valuation cheap relative to peers. Good…

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Himax Technologies (HIMX-Q)
Involved in VR and AR – Himax produces non-driver components for AR and VR as well as 3D-sensing devices. Their main revenue source is display driver ICs that are used in smartphones, tablets and monitors.

Himax Technologies (HIMX-Q) — Stockchase
Himax Technologies (HIMX-Q) — Stockchase

Opinion about HIMX-Q: Virtual reality and a chipmaker? This is a chip company and they make chips for some of the virtual reality and augmented reality pieces. It has big potential. The stock fell really, really hard on earnings, but has recently come back again. The company is going to be volatile, but one of…

stockchase.com stockchase.com

Sony Corp. ADR (SNE-N)
Involved in VR – Sony’s VR headset is intimately linked with their PlayStation console, offering an immersive gaming experience. It allows users to watch movies, play games and listen to audio in virtual reality.

Sony Corp. ADR (SNE-N) — Stockchase
Sony Corp. ADR (SNE-N) — Stockchase

Opinion about SNE-N: Their main drivers are Sony Playstation, Sony Music, and films. The Playstation has its ups and downs from competition. Music is well behind the #1 player. Films are also unpredictable. Sony should spin off its music publishing business and focus on the other two areas. Not a cheap stock. Earnings vary. 

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Synaptics Inc (SYNA-Q)
Involved in VR – Synaptics announced a new virtual reality display driver and bridge last summer. They are the leading developer of human interface solutions and are building the components of VR headsets.

Synaptics Inc (SYNA-Q) — Stockchase
Synaptics Inc (SYNA-Q) — Stockchase

Opinion about SYNA-Q: Has surged from the $30s to the $150s in the past year. They are diversifying away from phones to the internet of things (i.e. touch screens, fingerprint sensors). He recommended this pre-Covid, and it's since soared 80%. A great 5G play, too.

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Intel (INTC-Q)
Involved in VR and AR – Intel launched their Vaunt AR smart glasses last year. Although they shut down this project, it’s almost certain that they are working on the next augmented reality and virtual reality project.

Intel (INTC-Q) — Stockchase
Intel (INTC-Q) — Stockchase

Opinion about INTC-Q: The foundry was ill-advised and the old CEO was overspending. The new CEO is better, and better understands foundries. That said, it's still early to invest in this.

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Micron Technology (MU-Q)
Involved in VR and AR – Micron produces graphics memory chips for AR and VR use. They bring solutions to he problems encountered with increased bandwidth requirements for advanced graphics.

Micron Technology (MU-Q) — Stockchase
Micron Technology (MU-Q) — Stockchase

Opinion about MU-Q: It has two businesses. One is high-bandwidth memory which goes into data centres, and two is DRAM which is having poor pricing. You need DRAM pricing to rebound, though you can buy a few shares now.

stockchase.com stockchase.com

Western Digital (WDC-Q)
Involved in VR and AR – Western Digital is developing solutions for higher resolution on VR and AR digital display and faster speeds for real time experiences. They’re also creating a more lightweight, embedded data storage solution for virtual reality and augmented reality products.

Western Digital (WDC-Q) — Stockchase
Western Digital (WDC-Q) — Stockchase

Opinion about WDC-Q: After the spinoff of the flash drive business, this is now a hard drive disk business. Over time, solid-state drives have taken away from hard drive disks in modern computers. That's been a challenge for the storage companies. But AI has increased need for mass capacity storage at data centres, and those are…

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