11 Best Augmented Reality Stocks to Buy According to Hedge Funds

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3. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 223

NVIDIA Corp (NASDAQ:NVDA) is a full-stack computing infrastructure company that uses accelerated computing to help solve challenging computational problems. The company powers some of the leading AR and VR devices worldwide. For instance, the NVIDIA Omniverse delivers the first full-fidelity, fully ray-traced XR experiences in the world. Creators, engineers, and end-user designers can develop 3D virtual worlds at a human scale through the Omniverse XR application. Content can be seen in augmented reality, with users bringing virtual assets into the real world.

Similarly, the NVIDIA Cloud RX delivers VR and AR experiences over Wi-Fi and 5G networks, allowing users to stream AR content wirelessly. The company is also advancing technology to employ AR technology in vehicles, with its NVIDIA Drive AR processor collecting data and displaying it to drivers through AR. According to hedge funds, it is the third-best augmented reality stock to buy.

On April 28, Morgan Stanley analyst Joseph Moore raised his revenue and earnings estimates for 2026 for NVIDIA Corp (NASDAQ:NVDA), citing “explosive” demand for inference chips. The analyst maintained bullish sentiments for the stock, supporting his Buy rating with the company’s focus on AI-driven growth and the strong demand for its GPUs. Moore opined that the company is a “top pick” for investors seeking exposure to the AI revolution. Piper Sandler analyst Harsh Kumar also maintained a Buy rating on NVIDIA Corp (NASDAQ:NVDA) on April 29, setting a price target of $150.00.

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