10 Best Virtual Reality Stocks To Buy Now - Insider Monkey
Meta Platforms, Inc. (NASDAQ:META) is an American multinational technology conglomerate behind social apps such as Facebook, Instagram, and WhatsApp. The company has moved beyond 2D screens toward immersive experiences such as augmented, virtual, and mixed reality to enable the next evolution in social technology. The firm has two reportable segments including the ‘Family of Apps’ encompassing Facebook, Instagram, Messenger, WhatsApp, and other services, and the ‘Reality Labs’ which includes its virtual, augmented, and mixed reality-related consumer hardware, software, and content.
Meta's Progress in Virtual and Augmented Reality
Meta has made significant progress in Virtual and Augmented Reality. Meta Quest enables people to get together with friends or meet new ones in VR. The most recent virtual reality headset Meta Quest 3S is an unreal device with an unreal price. It has been referred to as the new VR headset to buy for a large chunk of people and one of the best gateways into VR yet. It surpasses the Quest 2 by having 2x faster GPU processing power and the same mixed reality experience with 4.5x the resolution and color.
Financial Performance and Future Outlook
Meta Platforms, Inc. (NASDAQ:META) closed a good third quarter driven by AI progress across its apps and business. Total revenue was $40.59 billion, up 19% year-over-year. The firm is witnessing rapid adoption of Meta AI and Llama, which is rapidly becoming a standard across the industry. Meta also achieved milestones relevant to Reality Labs and the integration of AI and wearables. These include experiencing a strong demand for Ray-Ban Meta glasses, the introduction of its first full holographic AR glasses Orion, and the release of its newest Quest 3S.
Investment Opportunities in Virtual Reality Stocks
With a strong product and business momentum as well as Meta’s revolutionary technology from virtual and mixed reality to social experiences, the firm is a promising virtual reality stock to buy now. As of 2024’s second quarter, Meta Platforms, Inc. (NASDAQ:META) is held by 219 hedge funds.
The Rise of Artificial Intelligence in Investment
Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal! The whispers are turning into roars. AI is reshaping every industry on the planet and savvy investors stand to reap the rewards.
Reasons to Invest in AI Stocks
1. Exponential Growth on the Horizon: AI is poised for exponential growth across various sectors such as healthcare and finance, offering superhuman intelligence and streamlining processes. 2. Ground Floor Opportunity: Investing in AI now is akin to investing in tech giants in their early days, with startups holding massive potential. 3. Disruption is the New Name of the Game: AI is disrupting traditional industries, and companies embracing AI are set to thrive. 4. The Talent Pool is Overflowing: The influx of talent into AI guarantees continuous innovation and rapid advancements.
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