6 Virtual Reality Stocks To Keep An Eye On In 2021 If You Wanna Be Rich

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virtual reality stocks

With technological advancements and infrastructure, major company investment and engagement, and a world irrevocably altered by a pandemic, virtual reality is growing at a breakneck pace that shows no signs of slowing down. And, neither do the virtual reality stocks!

Virtual reality was once thought to be the next big thing. According to the narrative, one day you’ll be able to put on a headset and go anywhere your mind takes you. Unfortunately, virtual reality stocks have generally failed to live up to the promise that surrounded it just half a decade ago, with costly headgear and a dearth of material to pique consumer interest. As a result, most of the excitement surrounding this technology has died down. However, the opportunity for firms that stayed with it and continued to develop VR technology over the past couple of years has never been greater. Virtual reality technology can assist almost every business in the market, from gaming and education to consumer products and industrial manufacturing. Moving on, we will talk about the six virtual reality stocks to keep an eye on leading the way in this cutting-edge technology. Here’s your chance to be rich!

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Which virtual reality stocks have the best long-term prospects in 2021? Let’s find out more in this article!

Virtual Reality Stocks

Before we continue, let’s first find out what VR stocks are and the potential of these stocks?

Virtual reality stocks (VR) is a computer-generated recreation in which a user interacts with three-dimensional virtual reality. The user wears special goggles with a display or wearing sensors-equipped mittens. In this replicated artificial environment, the user can have a realistic feel.

Virtual reality has progressed tremendously over the last few years. Virtual reality equities are getting more traction than they have in the past. Interest rates are low, and investors are taking notice of the new technology’s potential. As a consequence, it is a great time to look into the best VR stocks. Samsung and Facebook’s Oculus VR have only recently begun to bring a variety of virtual reality devices and apps to market, giving them a leg up on the competition beyond 2021.

The VR Industry

As a result of the virus, virtual reality has become the new normal, hastening the adoption of virtual reality.

The COVID-19 epidemic has pushed the world to rethink how it operated and seek new methods to stay alive. Technology has become a lifeline for both organizations and individuals, allowing them to continue working while staying in touch with friends and family. With many people approaching the first anniversary of their shelter-in-place plan, our usage and dependence on technology like video conferencing and augmented reality will likely continue this year and into the post-pandemic period.

In the last one year, people have realized the increased need for technology that enables virtual moments and a desire for these virtual experiences to seem more real. It has expedited the adoption of virtual reality and the potential of these stocks, which were already on track to become the next big thing in computing.

The term “virtual” has come to mean “the new normal.” Anyway, without further ado, let’s talk about

The 6 Virtual Reality Stocks with high potential in 2021:

  1. Facebook

Facebook had maintained its position as the market leader in virtual reality, which it gained when it acquired Oculus in 2014. Consumers have praised the latest iteration of the headgear, the Oculus Quest. Facebook sold more than $100 million in virtual reality content in its first year on the market. However, revenues dropped in the third quarter as the company prepared to launch the updated Oculus Quest 2 in October 2020.

The new headset is an improved version of the original Quest and has received positive reviews. Still, it will face stiff competition from new Sony (SNE) and Microsoft (MSFT) game consoles when sales statistics are revealed in January. Nonetheless, Facebook’s dedication to continually enhancing its virtual reality experience places it atop the virtual reality stock rankings.

  1. Sony Corporation

Sony Corp SNE is another fantastic VR company to invest in. Sony’s PlayStation VR devices mark a watershed moment in virtual gaming, increasing the potential of these stocks. Their virtual reality headsets simultaneously send a picture to the PlayStation VR and the television. The television displays either a distinct image for competitive or cooperative gameplay or mirroring the screen on the headset. The PlayStation VR Aim controller and the regular DualShock 4 controller, and PlayStation Move controllers are compatible with PlayStation VR.

It sports a 5.7-inch OLED display with a resolution of 1080p. A processor box is also included with the headset, which enables the Social Screen visual output to the television and processing a 3D audio effect.

  1. Microsoft Corporation

Microsoft’s HoloLens technology is advancing, and it’s a significant deal for anyone searching for a virtual reality experience without having to wear anything at all. Other devices that require the consumer to wear a headset may be more comfortable, but they aren’t quite immersive enough to replace what this product can offer.

Because it is powerful, portable, and delivers a unique experience that takes gaming and more to a new level while giving users whole new ways to engage with their surroundings, this VR technology is one of the top virtual reality businesses to invest in for 2021.

  1. Unity Software Inc. (NYSE: U)

It is a video game and software development business located in San Francisco. It was formed in 2004 and is now ranked eighth on our list of the top ten virtual stock investments to make. A second division of the company is dedicated to software services for virtual reality equipment. According to the business, its software is utilized to power virtual reality games more than any other platform globally, particularly in battle-related games. The company provides a high-definition render pipeline, an interaction toolkit, and a spatial audio and particle system for virtual reality solutions.

  1. Qualcomm

Qualcomm is well known among investors for its smartphone chipsets. However, the Snapdragon XR2 platform includes a processor for Extended Reality (XR), which combines mixed reality (MR) with virtual reality (VR) and augmented reality (AR). It has partnerships with Verizon and iQiyi, and their SnapDragon XR2 is used in Facebook’s Oculus Quest 2 goggles. This strategic partnership gives both businesses a competitive edge, as it propels Qualcomm’s VR presence and Facebook’s massive development in this market.

  1. Lumentum

For three decades, Lumentum has been the forerunner in photonics technology. The science of producing, manipulating, and detecting photons is known as photonics. Photons are light particles. This firm is also a prominent global 3D-sensing component producer capable of producing hundreds to millions of units.

It has a strong market position in telecommunications and 3D sensing, cloud computing, 5G wireless network installations, and commercial lasers. Lumentum will be one of the major virtual reality stock firms in the future. For example, it is already putting a lot of effort into developing self-driving vehicles using its sensors.

Conclusion

According to IDC Research’s 2018 estimates, investment in virtual reality and augmented reality would grow 21 times in the following four years, reaching a net value of 15.5 billion euros by 2022.

Furthermore, augmented reality and virtual reality will be critical components of every businesses’ digital transformation initiatives, resulting in increased expenditure in this sector. As a result, many of the bigger American and European firms are projected to have a VR and RA strategy by 2021.

AR and VR will greatly improve the client experience. As a result, firms will automatically increase their investment in them.

For example, major technology companies are already working on headsets that do not require wires and can display high-definition visuals. Virtual Reality headsets with 8K resolution and strong CPUs are also under development. AI and VR integration may also be seen throughout the world. The possibilities of virtual reality are expanding with the introduction of 5G technology. All of this indicates that virtual reality will see tremendous growth in the next years, and virtual reality stocks will also have a favorable trend.