![]() The company changed its name to Meta Platforms in late 2021 to emphasize its focus on building the infrastructure to support the metaverse. The latest iteration of its flagship product, the Oculus Quest 2, has received very positive reviews and makes getting into VR even more affordable with a lower price point than its predecessor. ![]() In 2017, CEO Mark Zuckerberg said he wants to get 1 billion people using virtual reality. It’s since helped the company develop and market its virtual reality headsets and software. ![]() Meta Platforms, formerly known as Facebook, acquired leading VR technology company Oculus in 2014. The top virtual reality stock contenders Created by Author.Ī social network company with a leading VR platform called Oculus.Īn entertainment company whose gaming segment created a VR headset to go with its consoles.Īn internet software company with a leading mobile operating system, Android.Īn enterprise software company working on enterprise applications of VR.Ī consumer electronics manufacturer with a substantial market share in PCs, smartphones, tablets, and smartwatches.Ī chipmaker specializing in graphics processing units for PCs.Ī chipmaker specializing in designs for mobile devices. For those looking to start investing in VR, here are seven top stocks to consider. Various research groups forecast a compound annual growth rate of anywhere from 18% to 44% between 20. Analysts expect the industry to grow considerably over the next decade. What’s more, virtual reality is only just starting to catch on among both consumers and enterprises. While VR is primarily used for gaming and entertainment right now, there’s great potential for the technology in several industries and professions such as engineering and design, healthcare, defense, and education. Virtual reality (VR) has been around since the 1990s, but it’s only recently starting to deliver on the promises made 30 years ago.
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