5 Best Augmented Reality Stocks to Buy Now

In this article we discuss the 5 best augmented reality stocks to buy now. If you want to read our detailed analysis of these companies, go directly to the 10 Best Augmented Reality Stocks to Buy Now.

5. NVIDIA Corporation (NASDAQ: NVDA)

Market Cap: $371.28 billion
Number of Hedge Fund Holders: 88

NVIDIA Corporation (NASDAQ: NVDA) operates as a visual computing company worldwide and has already proven itself capable of handling the big visual data loads associated with virtual reality which makes augmented reality technologies relatively easy by comparison for the company. One area where the company is using AR is in the automotive segment. NVIDIA Corporation (NASDAQ: NVDA) is working on improving the driving experience by melding AR with artificial intelligence. Two improvements on Nvidia’s radar are varifocal displays, which improve the clarity of an object for a user, and the integration of tactile/haptic information with visually augmented reality which makes it one of the best augmented stocks to buy now. With a market cap of $371.28 billion, the company recorded a quarterly revenue of $5.00 billion, up 61 percent year on year in the first quarter of 2021. GAAP earnings per diluted share for the quarter were a record $2.31, up 51 percent from $1.53 a year ago, and up 9 percent from $2.12 in the previous quarter according to Nvidia’s press release.

At the end of the fourth quarter of 2020, 88 hedge funds in the database of Insider Monkey held stakes worth $8.6 billion in NVIDIA Corporation (NASDAQ: NVDA) worth $8.6 billion. This was an increase from 82 hedge funds in the preceding quarter which held stakes worth $7.6 billion.