5 Best Virtual Reality Stocks to Buy

In this piece we take a look at the five best virtual reality stocks to buy. For more stocks, head on over to 11 Best Virtual Reality Stocks to Buy.

5. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 71

QUALCOMM Incorporated (NASDAQ:QCOM) is an American company that designs and sells a host of semiconductor products such as central processing units, graphics processing units,  and modems for smartphones. It is headquartered in San Diego, California.

QUALCOMM Incorporated (NASDAQ:QCOM)’s products sit at the heart of AR and VR software and hardware since they power the gadgets that run the computationally intensive artificial realities. Its Snapdragon X51, 820, 835, 845, and 855 processors are all capable of powering VR applications. Additionally, the firm’s Wireless AR Smart Reference Design provides a platform for companies to develop and design augmented reality smart glasses for uses with applications such as metaverses.

QUALCOMM Incorporated (NASDAQ:QCOM)’s Snapdragon products also power all major existing VR headsets, and the firm has set aside $100 million to develop the technologies. Insider Monkey studied 895 hedge fund portfolios for this year’s second quarter to discover that 71 had held a stake in the company.

QUALCOMM Incorporated (NASDAQ:QCOM)’s largest investor in our database is Panayotis Takis Sparaggis’s Alkeon Capital Management which owns 4.2 million shares that are worth $541 million.