5 Best Virtual Reality Stocks to Buy

4. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 84

NVIDIA Corporation (NASDAQ:NVDA) is one of the largest semiconductor designers and sellers in the world that is primarily known for its graphics processing units (GPUs). These are used in a variety of applications such as running video games and artificial intelligence algorithms.

NVIDIA Corporation (NASDAQ:NVDA)’s GeForce GPUs are the market leaders when it comes to computing heavy duty applications such as virtual reality platforms and metaverses. The firm complements its hardware with its gaming streaming service GeForce Now, and it also provides software to support cloud based virtual computing.

NVIDIA Corporation (NASDAQ:NVDA) is also a key player in the application of virtual reality for enterprise use cases. The firm’s Omniverse platform is a cloud based development network that lets companies create immersive virtual worlds. By the end of this year’s second quarter, 84 out of the 895 hedge funds polled by Insider Monkey had invested in NVIDIA Corporation (NASDAQ:NVDA).

Out of these, Ken Fisher’s Fisher Asset Management is NVIDIA Corporation (NASDAQ:NVDA)’s largest investor through a $1.1 billion stake that comes via 7.5 million shares.