The headset, which looks like a pair of ski goggles, is being called a “spatial computer” in that it allows users to overlay virtual images, videos and applications over surfaces in the real world. In early June, Apple unveiled the Vision Pro, an augmented reality headset and Apple’s first new product category since the Apple Watch was released nine years ago. If you think the future of VR is more mobile than PC, QCOM may be the stock pick for you and now may be the time to buy, given shares are more or less sideways in the past 12 months. Qualcomm’s Snapdragon processor chips are used in Android and Windows smartphones, laptops, tablets and smartwatches. If Zuckerberg is right that most people will experience the metaverse through their phones first, Qualcomm is another virtual reality stock to watch because of its focus on smartphones. Also worth mentioning is Facebook’s declining user base, which could hurt the advertising revenue Meta needs to reinvest into VR. Of course, this doesn’t discount the many regulatory headwinds that Meta, along with the rest of Big Tech, are facing. Zuckerberg pointed out that while most of the company’s investment is going toward developing computing platforms like glasses, headsets and software, “most people are going to experience the metaverse for the first time on phones and start building up their digital identities across our apps.” As a leader in VR platforms, Meta has already built a sizable lead in both bringing VR to the masses and monetizing it. While Meta spent more time talking about artificial intelligence than the metaverse in its Q1 2023 earnings report, it continues to spend on virtual reality and posted a nearly $4 billion operating loss in the first quarter, up from nearly $3 billion in Q1 2022. , calling these the “two major technical waves driving our roadmap” today and over the longer term. In the company’s fourth quarter 2022 earnings presentation, CEO Mark Zuckerberg reported that the company’s priorities remain with AI and the metaverse VR is even being used by event planners.įor investors who want to get in on a budding industry, these seven companies are some of the best VR stocks to watch right now: StocksĪny discussion of VR should start with Meta Platforms, formerly known as Facebook. Beyond gaming and entertainment, the technology’s applications “in instructional training, such as for teaching engineers, mechanics, pilots, field workers, defense warriors and technicians in the manufacturing and oil and gas sectors, is propelling the market growth,” according to Grand View Research’s analysis. With a total market value of $21.8 billion in 2021, overall revenue in the sector is forecast to reach $87 billion by 2030. The global virtual reality market is expected to expand at a compound annual growth rate, or CAGR, of 15% from 2022 to 2030, according to Grand View Research.
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