Top 17 Virtual Reality or Augmented Reality Tech Stocks
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.
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.
A standout stock this earnings season with shares jumping 9.7% after its report. Will become the only true competitor to Nvidia in producing AI chips. Revenue outlook is strong.
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.
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.
They've had an incredible run the past 12 months, a huge bounce, with a small cup-and-handle chart in the past two months. It hasn't broken its last low. Short-term, it's overbought and expects a pullback to $300. If it indeed pauses, it could break up further.
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.
Deal with Canadian Feds where GOOG will make annual payments to news companies of around $100M. It's a bit less than expected, so good news for everyone. As of Q3, it had around $83B in revenue, and 80% of that came from Search. So $100M here and $100M there will take care of it.
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.
(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.
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.
They just reported, up 15% this year so far. But the quarter was mixed though mostly beat expectations: sales were a tad light, earnings beat though, excellent cash flow, good operating margin and raised their full-year forecast.
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.
A big holding for him. while other companies are talking about how they'll make money from gen AI, MSFT is already doing it. Their Copilot has a high level of usage by MSFT subscribers. Bears think that the latest AI rally is overdone, but if it pulls back next week, buy,
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.
The question was on what is a a good strategy to follow when considering buying a stock like this that has gone up a lot and you have missed the run-up. He feels that it doesn't matter what the percentage increase is when deciding whether to buy a stock. The question is whether it is…
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.
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.
There has been a shorter term half-sell signal this past week. Expect some support at the $170 level. Anywhere between $160 and $170 would be a lower equilibrium level. Some indicators such as relative strength are softening and the stock is starting to weaken against the S&P.
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.
(A Top Pick Dec 21/22, Up 13%) Business model dedicated to game consoles, mobile games, IP licenses. Fantastic labels. Moving towards subscriptions, a benefit in the long run. Keep holding, add around $11. Probably won't go much under $10.50. (Analysts’ price target is $12.00)
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.
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 the few plays…
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.
Has done well. Well run, but US is the place to look for tech. You'll probably do OK with it, as technology will continue to encroach into the economy and everyday life. This will benefit the sector, and Sony will take its share.
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.
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.
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.
They signed a deal with Siemens to provide them chips, and they wrapped up legal issues about infringement. He's bullish chips in 2024 among lower interest rates. Intel faces more competition from Nvidia, Apple, even Microsoft and others, but there's still upside.
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.
(A Top Pick Jul 04/23, Up 17.3%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with MU has achieved its target at $75. To remain disciplined, we recommend covering half the position at this time and trailing up the stop (from $61) to $64.
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.
He just bought it after watching it for a while. He also owns Micron which is making new highs today. WDC termindated a merger earlier this year, but they spun off Sandisk which has done well. Also, WDC had been and will restructure their debt. Good. With rates coming down, this sets up WDC to…