Although virtual reality (VR) has been around since the 1990s, it has only recently begun to deliver on its promises.
Right now, VR is mostly used for gaming and entertainment, but it has great potential in engineering and design, healthcare, defense, and education.
In addition, virtual reality is just beginning to gain traction in both the consumer and enterprise markets. Over the next decade, analysts expect the industry to grow significantly.
According to various research groups, between 2021 and 2028, the compound annual growth rate will vary between 18% and 44%.
Here are 25 top VR companies’ stocks to consider for those looking to start investing. Before buying don’t forget to check the VR stock price and other details carefully.
Why Invest in VR Stocks?
In the next several years, virtual reality will likely be one of the fastest-growing technologies. The VR market is expected to grow from $5 billion to $12 billion between 2021 and 2024 alone.
Let’s see some of the best VR companies below.
24 Best Virtual Reality Stocks List To Consider Investing
1. Meta Platforms
The leading VR technology company Oculus was acquired by Meta Platforms, formerly Facebook, in 2014. Since then, it has assisted the company in developing and marketing its virtual reality headsets and software.
Mark Zuckerberg, CEO of Facebook, said in 2017 that he wanted to get one billion people to use virtual reality.
Its latest flagship product, the Oculus Quest 2, has received very positive reviews, and its lower price point makes getting into VR even more affordable.
Meta Platforms was renamed in late 2021 to emphasize its focus on building the metaverse’s infrastructure. In the company’s fourth-quarter earnings call, CEO Mark Zuckerberg said, “We are focused on building an immersive, embodied internet that enables better digital social experiences than anything that exists today.”
Oculus VR stocks are really attractive. Investors interested in VR should consider Meta as the leader in technology and with a CEO who is very excited about its potential.
As the internet revolution began, Microsoft gained fame with its Windows operating system back in the 1990s. Microsoft’s VR technology targets enterprise customers, while other hardware and software companies focus on the consumer market.
It markets its HoloLens device to manufacturers, healthcare providers, and educators as a self-contained holographic device that is enterprise-ready. There are more than 200 partner applications for the device in addition to the company’s own apps.
Microsoft signed a $22 billion contract with the U.S Army in early 2021. Through HoloLens, soldiers can “fight, practice, and train using a single device.”.
However, Microsoft is reportedly experiencing quality and performance problems. However, It plans to continue working on VR technology and applications outside of gaming and entertainment. “We are committed to the development of HoloLens in the future,” a spokesperson said.
For years, Google has been developing VR hardware and applications. As soon as Google Glass was introduced in 2013, its intentions were clear: to put the internet at your fingertips.
With Google Cardboard, anyone with a smartphone can experience VR cheaply and easily. Your smartphone could view VR through a folded piece of cardboard. Early in 2021, Google discontinued the platform.
Google is more likely to play a key role in VR software. Almost all smartphone manufacturers use Android as the default operating system. It is also possible that VR hardware makers will use Android as the default operating system.
Google will also develop its own applications for existing platforms such as Oculus to expand the use of VR across all internet-enabled devices.
The PlayStation VR is a virtual reality headset compatible with Sony’s popular PlayStation console, which provides one of the best VR gaming experiences. Sony’s PlayStation branding and specialized chipset may limit its ability to expand VR applications.
Since its launch in 2016, the PSVR has been one of the best selling VR headsets. As PlayStation fans await an update, Facebook’s Oculus Quest 2 has been a much faster seller since its October 2020 launch.
Sony is developing a new VR device that will be compatible with the PlayStation 5 and represent a significant upgrade over its five-year-old design. It may be difficult for Sony to break out of the gaming industry in VR and reach the wider market.
5. Apple Stock
According to Apple’s patent filings, the company has been developing virtual reality hardware for more than a decade. Over the years, it has also acquired several VR and AR companies. The company still hasn’t launched a standalone virtual reality product for its rabid fans.
It is possible that this will change in the near future. It is expected that Apple will release some sort of headset within the next year, but its price could reach $3,000.
If Apple enters a market, the product is likely to go mainstream with consumers (see laptops, smartphones, tablets, smartwatches, smart speakers, etc.). Even when it’s not the first to market, Apple usually wins significant market share.
Having built-in a base of more than 1 billion iPhone users, Apple has a huge market for virtual reality devices. Investing in Apple’s VR announcements would benefit both Apple’s shareholders and the entire VR industry.
NVidia GPUs deliver the kind of high-quality graphics that make VR so compelling. PCs and game consoles use Nvidia graphics processing units (GPUs).
For more advanced VR applications – not just video games – a high-end Nvidia graphics card is usually required. With VRWorks, the chipmaker has developed a software developer kit (SDK) for its GeForce GTX GPUs.
Using the SDK, developers can deliver high-performance, high-quality images, and minimize latency. Nvidia will benefit from virtual reality’s graphics-intensive nature regardless of which company’s hardware it is used.
7. Roblox Corp. (RBLX)
Roblox has already become the leading metaverse and virtual reality app developer with over half of American children on its platform. Developers can create their own games with Roblox’s free toolset.
In addition, Roblox allows its users to create VR games, like Microsoft’s Minecraft franchise. They are both pioneers in VR gaming development. Nonetheless, Roblox has more than 100 million monthly active users than Minecraft.
It’s not surprising, since Minecraft came to market three years after its competitor. Roblox reported an increase in revenue of 108% to $1.9 billion in its fiscal 2021. Revenues for the first quarter of 2022 increased by 39% over the first quarter of 2021.
Qualcomm has specialized in system-on-chip designs for mobile devices, integrating all the computing components for a computer within a single chip, while Nvidia dominates GPUs in PCs. Meta’s Oculus Quest 2 uses Qualcomm’s Snapdragon platform, which is widely used across mobile devices.
Snapdragon XR2 supports low-latency interactive feedback with very fast AI processing. Also, the device supports faster internet connections through Wi-Fi or 5G to ensure content loads quickly and users can interact online.
Qualcomm may have an edge as a chip platform for hardware makers if you believe standalone VR devices will be more serviceable in the long run than PC-tethered devices.
9. Unity Software Inc.
Unity Software offers real-time virtual reality games similar to Roblox. Meanwhile, Unity Software is building the metaverse’s architecture with the help of professional designers and games, while Roblox is building communities with user-generated content.
There are already many successful titles in this group, such as Pokemon Go with augmented reality. Unity is reaping the benefits of this strategy.
In 2021, the company’s revenue grew by 44% year-over-year, and in the first quarter of this year, it reported record quarterly revenues of 36% higher than in 2021. In September 2020, Unity Software went public, six months before RBLX debuted in March 2021.
10. Intel Corporation (NASDAQ: INTC)
Intel Corporation (NASDAQ: INTC) is the world’s largest semiconductor chip manufacturer by revenue. The company hasn’t lagged behind in any way since mainstream virtual reality systems came to the market.
For the past few years, Intel Corporation has been making VR-ready PCs. Besides gaming, Intel Xeon processors help create VR applications for retail, architecture, and medical education, among others.
The first quarter of 2022 saw Intel Corporation beat its earnings per share and revenue estimates by 175.62% and 0.16%, respectively. In comparison to the $0.72 forecast, the company reported an EPS of $1.98. Additionally, the company generated $18.35 billion in revenue, which was $29.36 million more than expected.
Intel Corporation’s hedge fund sentiment remained positive in the fourth quarter of 2021. In the Insider Monkey database, 72 hedge funds hold stakes in the company. A total of 9% of the fund’s portfolio was owned by Baupost Group, with 18 million shares worth $928.9 million.
11. Matterport Inc. (MTTR)
In this list, Matterport is by far the smallest company with a market cap of $1 billion. Despite its size, Matterport makes up for its potential. In July 2021, the stock went public through a merger with a special-purpose acquisition company.
Nevertheless, it has seen impressive revenue growth since then, and in the first quarter of 2022, it reported an increase of 70% in subscribers. In virtual worlds, Matterport creates digital twins using 3D cameras and other technology.
Metaverses and virtual reality could benefit greatly from this technology in the future. Koyfin’s seven analysts gave MTTR a buy rating despite the stock’s 73% loss since its IPO on June 16. Over the next 12 months, they expect MTTR to return 134%.
A Korean electronics manufacturer that also produces virtual reality headsets. Besides its advanced VR headset with a controller, Samsung doesn’t have much to offer.
They also have a large user base and major flagship users, which gives them access to a large market. Investors see them working in many market fields, along with VR. If you aren’t sure about investing in VR technology, it’s a good option.
This is a virtual reality experience. This is for the people who bought the chips and dip and drank the beverages and invited their friends over.
Try this one out if you’re looking for a bold and new company to invest in. Virtuix makes the Omni, which is a “virtual reality motion platform.” You wear the headset when using it, but that’s only the beginning. The platform you’re standing on used to be a treadmill.
Play a game like Battlefield 4, Call of Duty, or any other game you like to experience how it feels to move through the gaming environment. Is there anything more real than this?
The company has raised just under $5 million to date.
The GoPro is already well-established as a go-to product for action photography. The technology is even commonly used in drone aircraft. The company is now positioned to create 360-degree, immersive content for virtual reality entertainment.
It includes camera mounts that can hold up to 16 cameras, which is the direction VR content creators are taking. According to some recent views on VR history, its content needs to be improved.
Early experiments with VR content creation appeared to be experiments. It’s up to startups to produce high-quality content that’s up to the task. GoPro may be in a position to be a key leader in this field.
15. Epic Games
Unreal Engine is the next big thing in the gaming industry. In addition to their own games, Epic Games offers a wide range of third-party games on their game store. This is just one aspect of their work.
Many immersive movie CGIs are powered by their Unreal Engine. With the launch of Unreal Engine 5, they have added many advanced features, including Meta-Human, a feature that mimics human expressions.
As an investor, it is a great opportunity because they are on the way to something big, they have already developed an immersive 3D engine that is used in many big movies, and they are on the cusp of virtual reality.
16. Amazon (AMZN)
The majority of people are familiar with Amazon’s e-commerce store for shopping online. Cloud services, IT infrastructure, and streaming videos are Amazon’s strengths when it comes to virtual environments. Amazon is the leader in e-commerce, and the company will continue to grow.
Some stores missed out on selling things online, and now it is hard to regain their customers. Amazon has an advantage here, and its expansion strategy already pays off.
They invested all their money into expansion in the past, which led to quarterly losses. They have now been able to earn their fruits. Cloud technology is no different. A large number of websites and SAAS services are already hosted on their cloud.
In the future, what can we expect? We could have new shopping apps based on VR, we could have Amazon Prime movies available in VR, and other technologies could be implemented. Potential is limitless.
17. HTC Corp (2498:TT)
XBOX-One and Sony PlayStation are well known. But what about those gaming console companies? The Asian market is dominated by HTC. As a result, Taiwanese VR stocks are worth considering for investment.
Hive VR items are rivaling even Facebook’s Oculus. When Oculus is appropriate, for example. However, HTC’s Viva VR can handle more types of games. The company’s growth also offers promise for the future. HTC Corp. is not listed on the NYSE or NASDAQ.
18. Tencent Holding (TCEHY)
Tencent specializes in video games and social media apps. China-based company with over-the-counter (OTC) stock trading. Most likely, you’ve played one of their most successful games, such as Honor of Kings, Game for Peace, or League of Legends.
In the United States, WeChat might not be familiar to you, but in China, it is the biggest social media platform for downloading apps and networking.
Even though those two VR adoptions already make Tencent a great VR stock investment, their stakes in Ubisoft and Activision Blizzard make them a worthwhile addition to the portfolio.
Virtual reality will grow rapidly in gaming in the near future. Tencent is one of the most promising VR stocks because it is one of the market leaders.
It produces SoCs (system-on-chips) for video compression and image processing. GoPro is one company that uses this technology.
Fortunately, Ambarella has introduced a new product line specifically tailored for virtual reality, the S5 chip, which not only offers low-light processing but also 360-degree de-warping. The features mentioned above should make Ambarella an indispensable tool for VR creators.
The VR experience is different from other gaming and electronic experiences. It requires complete realism and no interruptions. In other words, each component is important – something that makes the experience more user-friendly and smooth can be just as important as a headset.
20. Advanced Micro Device (AMD)
AMD makes graphics processors, which are at the heart of a believable, accurate VR experience.
AMD’s products also work with Oculus Rift. In its latest version, LiquidVR, the company aims to eliminate motion-to-photon latency to create the smoothest immersive experience.
21. NexTech AR Solutions (OTC:NEXCF)
NexTech AR Solutions offers a number of augmented reality products. They offer services like 3D product listings, immersive advertisements, and more related to eCommerce and marketing.
Additionally, they host virtual events, such as conferences, trade shows, and career fairs. Over the last year, the pandemic has prevented gatherings like this from occurring in person.
As a result of the pandemic, this stock had a breakout moment in July 2020. This company has plenty to be excited about, even though its share price has fallen from this high point.
As the pandemic ends, e-commerce and virtual events are likely to remain popular. Its technology has potential applications across numerous industries, and NexTech is rapidly growing its customer base.
22. Immersion Corporation (NASDAQ:IMMR)
Immersion is a great place to start if you want to invest solely in VR technology development stocks. Bringing VR to consumers involves more than just headsets and software.
The company makes touch-feedback technology for touchscreen systems. Immersion has over 3,200 patents pending or issued in its specific market.
With so many proprietary assets, they are great and cheap virtual reality stock to buy. In the AR and VR space, these assets ensure an individualized approach.
As AR and VR experiences strive for lifelike experiences, immersion could be a key point of diversification and growth. This company still has huge potential. With touchscreen products becoming more popular, revenue and share prices are likely to increase.
23. Vuzix Corporation (VUZI)
However, there is another player in the virtual reality hardware sector. Vuzix Corp. is the name of the company. It is a virtual reality penny stock.
Since August 2018, the price has fallen by about 85%. It is recommended to invest a small percentage of your income in virtual reality penny stocks since they are high-risk.
Vuzix makes AR and VR products for both the enterprise and consumer markets. That’s why they’re so successful right now. Vuzix specializes in creating wearable displays. As a result, users will be able to interact with digital environments within the Virtual Reality area.
It has a lot of pending patents as well as a lot of active patents. As a result, VR stock becomes very attractive when the turnaround becomes evident.
MicroVision has been developing Laser technology here since 1993. The attention they are receiving now is unprecedented. Currently, they are developing 3D sensing technology for cars, self-driving cars, and virtual reality.
Their technology can detect objects in a way so the user or driver can react accordingly. Their tech is almost ready for use, and they look very promising.
The company’s laser sensing technology will make it possible for users to move freely in a Virtual Space.
5 Best Metaverse Virtual Reality Stocks Under $10
- Matterport (NASDAQ: MTTR)
- WISEKey International Holding (NASDAQ: WKEY)
- Vinco Ventures (NASDAQ: BBIG)
- Enthusiast Gaming Holdings (NASDAQ: EGLX)
- Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT)
5 Best VR Penny Stocks to Buy
- Wimi Hologram Cloud Inc. (Nasdaq: WIMI)
- Blue Hat Interactive Entertainment Technology (Nasdaq: BHAT)
- NexTech AR Solutions (OTC: NEXCF)
- Liquid Media Group Ltd. (Nasdaq: YVR)
- Imagine AR Inc. (OTC: IPNFF)
7 Best Augmented Reality Stocks
- SNAP (NYSE:SNAP)
- ETSY (NASDAQ:ETSY)
- ALPHABET (NASDAQ:GOOG) (NASDAQ:GOOGL)
- APPLE (NASDAQ:AAPL)
- NINTENDO (OTC:NTDOY)
- QUALCOMM (NASDAQ:QCOM)
- NVIDIA (NASDAQ:NVDA)
Best Virtual Reality Stocks To Buy: Final Thoughts
We are just at the beginning of the new era of virtual reality. Small and large companies alike are realizing this. With more information about consumers that use VR products, market data will enable more realistic VR experiences.
What Is The Best VR Company To Invest In?
Meta, Microsoft, NVDA, Matterport, Roblox, Unity Software, etc are the best VR companies to buy stocks.
Who Dominates The VR Market?
Meta captures 90% of the VR headset market share.