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7 Virtual Reality Stocks Bringing Web 3.0 to Life

7 Virtual Reality Stocks Bringing Web 3.0 to Life

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  • ID pads (NASDAQ:FB): Oculus Quest 2 is one of the most popular virtual reality (VR) headsets, which makes the Meta a great game among the best VR stocks.
  • Microsoft (NASDAQ:MSFT): Microsoft has introduced the Mesh feature, which provides more collaboration between employees.
  • apple (NASDAQ:AAPL): Apple will introduce a VR headset next year after the tech giant faced some problems this year.
  • the alphabet (NASDAQ:The GoogleNasdaq:The Google): Google Glass didn’t work, but Alphabet is working on a new batch of products to launch in 2024.
  • nvidia (NASDAQ:NVDA): Nvidia makes chips for virtual reality devices. As virtual reality devices become more and more popular, it will be necessary to have many different chips at your disposal.
  • Sony (New York Stock Exchange:Sony): PSVR2 is expected to become a major revenue earner for Sony.
  • Matterport (NASDAQ:MTTR): Matterport is a 3D imaging platform that uses advanced computer vision to create virtual environments in the real world.

Source: Andrush via Shutterstock

In case you didn’t know already, VR stocks are stocks associated with the VR industry. It could be companies that produce VR headsets, software, or content.

Overall, the gaming industry and the ability to explore borderless building via immersive VR experiences will be one of the driving forces behind the increase in VR adoption. Additionally, the metaverse – the digital space that is an extension of virtual reality – is making waves, with the world’s largest tech companies setting up divisions to exploit this new business space.

In turn, investors have become fond of VR stocks because the industry appears to be successful. They hope that the virtual reality industry will provide them with a lot of value in the future.

So, with all that in mind, let’s take a closer look at seven VR stocks you need to keep an eye on.

ribbon company price
FB dead USD 220.98
MSFT Microsoft USD 301.34
AAPL apple 171.08 USD
GOOGL, GOOG the alphabet $2714.69, $2726.52
NVDA nvidia $241.25
Sony Sony USD 97.87
MTTR Matterport $7.45

Virtual Reality Stocks: Definition Platforms (FB)

The Meta logo appears on the device screen.  Meta is the new company name for Facebook.

Source: Blue Planet Studio / Shutterstock.com

Facebook changing its name to Meta was one of the biggest moves in technology history. However, the company’s reason for completing the change was that it wanted to focus on the metaverse. However, under the company’s broader umbrella, the company now operates Facebook, Instagram, and WhatsApp. Additionally, the company also has a core hardware division, which manufactures the flagship VR platform Oculus.

The Oculus Quest 2 is currently one of the most popular VR headsets out there. In fact, Meta devices account for 67% of the VR hardware used on Steam – “the largest online distributor of PC video games.” The Valve Index is the second most popular VR headset on the platform, accounting for only 14% of VR devices.

So, with a change of focus to the metaverse, you can expect the Meta to be the best game among VR stocks in the long run.

Microsoft (MSFT)

The Microsoft logo outside a building represents the MSFT stock.

Source: Asif Islam / Shutterstock.com

Microsoft invests a lot in artificial intelligence (AI) research. In contrast, it has made major breakthroughs in speech recognition, machine translation, computer vision, natural language processing (NLP), and other fields.

Therefore, Microsoft naturally lends itself to virtual reality. However, compared to other companies, it does not focus on the gaming aspect; Instead, it focuses on commercial companies. One of the most recent examples is the military’s partnership with Microsoft, including a five-year deal worth $21.9 billion. With this, Microsoft will supply the military with Microsoft’s HoloLens headphones, a major coup for MSFT’s stock.

In addition, introducing Mesh for Teams will be a great way to bridge the gap between VR, AR (Augmented Reality) and other future technologies. This is because online meetings and presentations can become more involved through this new technology.

So, as with Meta, you can keep an eye on MSFT stocks among the best virtual reality companies out there.

Virtual Reality Stock: Apple (AAPL)

Close-up of the Apple (AAPL) Retail Store logo in Honolulu at the Ala Moana Center.  Announcing the latest generation of ipads, iphones and ipods with Retina display.

Source: Eric Browder van Dyck / Shutterstock.com

Apple is one of the most valuable companies in the world. It’s been a household name for decades, and it’s one of the first companies to enter the metaverse. Furthermore, Apple designs and sells a wide range of the latest technological advances in consumer electronics, computer software, and online services.

Due to the huge consumer base, the company will have an easier time integrating its products with VR options. With that in mind, one of the things he works on is an AR or VR headset. The model was originally supposed to debut this year but ran into some production issues. Now, the company is looking to debut the model next year.

Collectively, Apple has been in this field for a long time and is constantly developing first-class equipment, helping to redefine the market. Therefore, one can reasonably expect the device to become a success – and in turn, benefit the AAPL stock.

Alphabet (GOOG, GOOGL)

Alphabet Inc.  (GOOG, GOOGL) and Google logos displayed on smartphones

Source: IgorGolovniov / Shutterstock.com

A Brief History of Alphabet: In 2015, Google announced that it would create a new company called Alphabet to better organize its multiple interests. Alphabet became the parent company of Google and its subsidiaries, including YouTube, Nest Labs, Calico, GV (formerly Google Ventures) and others.

Of course, Alphabet is not alien to virtual reality projects. Google continues to invest heavily in innovations, such as Lens and those related to augmented reality. You can view the company’s efforts via the Maps and Photos app. However, its most famous product was Google Glass, which unfortunately did not have a huge impact. However, there are reports of a new headset expected to be launched in 2024.

Furthermore, you can’t discuss Alphabet without talking about the upcoming stock split, which has become a hot topic on social media. On February 2, after Alphabet released its earnings report, it also announced a 20-for-1 stock split. We’ve talked at length about the split and what it means for the company. However, the bottom line is that it is a very significant event. And if you own a stock in GOOG, it will have a huge impact going forward.

VR Stock: Nvidia (NVDA)

Nvidia (NVDA Stock) logo on the graphics card.

Source: Konstantin Savusia / Shutterstock.com

Nvidia is a company that specializes in making graphics cards, processors, and other computing devices. It has been around since 1993 and has grown exponentially over the years. Now, though, Nvidia CEO Jensen Huang has stated that AI-powered computing devices will drive the future of AI. And for good reason.

Overall, Nvidia chips are essential for real-world VR experiences, and provide a critical use for them. The company is also the global leader in visual computing, and its Turing architecture will power the next generation of artificial intelligence, real-time ray tracing, and advanced shading.

Plus, let’s not forget about Omniverse, the company’s metaverse project, which allows its engineers to collaborate and share their ideas.

So, all things considered, Nvidia is making several moves on the VR front that could be potential triggers. And that’s just one reason investors should consider NVDA stocks going forward.

Sony (Sony)

The Sony logo on the side of a building in its Silicon Valley offices.

Source: Sundry Photography / Shutterstock.com

Sony is trying to change this by changing its strategy on how it sells its products. They focus on making their own games rather than relying on third party developers to make them for them. In turn, this will allow them to control their games more creatively and create better quality titles to attract more customers.

It will also allow them to pair their existing technology with these games. For example, Horizon Call of the Mountain is a video game created by Sony subsidiary gang war games. Hence, this is one of the first games to feature the updated capabilities of PlayStation VR2 (PSVR2). PSVR2 will “work exclusively with the PS5 game console and follow in the footsteps of the original PlayStation VR headset, which was launched in 2016.”

Moreover, Sony said that the headset will be launched towards the end of the year, but these issues may push it into 2023. However, this may be a major catalyst for SONY stock over the next year and more.

VR Stock: Matterport (MTTR)

Introductory editorial to the Matterport (MTTR) homepage.  The MATTERPORT logo is visible on the display.

Source: II.studio / Shutterstock.com

Matterport is a 3D imaging platform that uses real-time computer vision to create virtual environments in the real world. Since its inception, the company has seen a lot of use cases across various industries.

Furthermore, Matterport is primarily used to create digital twins of physical spaces to share with customers online or via mobile apps. You can also use it to capture 3D data for AR experiences and physical product design projects.

With this, Matterport products can help you view 3D properties of a client and work on projects with engineers and architects remotely.

The company was very successful in the fourth quarter and fiscal year 2021 with revenue of $16.5 million, which is a good year-over-year growth of 32%. In addition, Matterport said that 20% of its customer base is made up of Fortune 1000 companies.

Therefore, with Matterport already making moves in the space, investors should consider MTTR stocks among the best virtual reality stocks available.

At the date of publication, Faizan Farooque did not (directly or indirectly) hold any positions in the securities mentioned in this article. The opinions expressed in this article are those of the author, and are subject to InvestorPlace.com’s posting guidelines.

Faizan Farooq is a contributing author for InvestorPlace.com and several other financial websites. Faizan has several years of experience in stock market analysis and was previously a data journalist for S&P Global Market Intelligence. His passion is to help the average investor make informed decisions about his investment portfolio.

7 virtual reality stocks that bring Web 3.0 to life first appeared on InvestorPlace.

The opinions and opinions expressed here are those of the author and do not necessarily reflect the views and opinions of Nasdaq, Inc.

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