5 Best Augmented Reality Stocks to Invest In

In this article, we will look at 5 best augmented reality stocks to invest in. If you want to see our detailed discussion about augmented reality and its use cases, you can go to 11 Best Augmented Reality Stocks to Invest In.

5. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 110

NVIDIA Corporation (NASDAQ:NVDA) is pioneering the augmented reality space. Among its top AR products, we have the NVIDIA CloudXR which is the company’s cloud-based streaming solution for virtual, augmented, and extended realities. The company also offers NVIDIA Drive, a suite of products for developing autonomous driving solutions using computer vision and machine learning. NVIDIA Corporation (NASDAQ:NVDA) is among the best augmented reality stocks to invest in.

On March 23, JPMorgan analyst Harlan Sur reiterated an Overweight rating on NVIDIA Corporation (NASDAQ:NVDA) and a $350 price target on the shares. The analyst sees NVIDIA Corporation (NASDAQ:NVDA) as well-positioned to benefit from advancements in artificial intelligence as the company maintains its stronghold in the industry with its next-generation hardware and software platforms. The analyst sees NVIDIA Corporation (NASDAQ:NVDA) being 1 to 2 steps ahead of its competitors in the industry.

At the close of Q4 2021, Insider Monkey identified 110 hedge funds long NVIDIA Corporation (NASDAQ:NVDA). The total stakes of these funds amounted to $10.49 billion, up from $10.05 billion in the previous quarter with 83 positions. The hedge fund sentiment for NVIDIA Corporation (NASDAQ:NVDA) is positive.

Ken Fisher’s Fisher Asset Management is the top shareholder in NVIDIA Corporation (NASDAQ:NVDA) as of December 31, 2021. Fisher Asset Management’s stakes in the company amounted to $1.5 billion, up 6% from its Q3 2021 stakes of $1 billion.

Vulcan Value Partners mentioned NVIDIA Corporation (NASDAQ:NVDA) in its “Vulcan Value Partners Large Cap Fund” fourth-quarter 2021 investor letter. Here is what experts at Vulcan Value had to say:

“NVIDIA Corp. was a material contributor during the quarter. We have discussed NVIDIA at length in previous quarters. Its products are at the intersection of a number of important computing trends including the movement to the Cloud, artificial intelligence, autonomous vehicles, edge computing, gaming, and now, the Metaverse. The company continues to outperform expectations, growing its revenue and free cash flow significantly throughout 2021, and in turn, its value is compounding quickly.”