5 Best Virtual Reality Stocks to Buy

4. Microsoft Corporation (NASDAQ: MSFT)

Number of Hedge Fund Holders: 258  

Microsoft Corporation (NASDAQ: MSFT) is a Washington-based technology firm founded in 1975. It ranks fourth on our list of 10 best virtual reality stocks to buy. It is one of the largest technology firms in the world and invests heavily in the virtual reality sector. The firm offers several VR-related products, including VR headsets for video games and entertainment purposes, as well as Microsoft HoloLens, a mixed reality technology that helps businesses incorporate virtual reality into their activities. 

Microsoft Corporation (NASDAQ: MSFT) announced on April 29 that it was reducing the share of games offered by independent platforms on its store from 30% to 12%, a move that analysts predict is based on increased regulatory scrutiny on the high fees that tech firms collect from developers to keep apps on these stores. 

At the end of the fourth quarter of 2020, 258 hedge funds in the database of Insider Monkey held stakes worth $52 billion in the firm, up from 234 in the preceding quarter worth $42 billion.

Our calculations show that Microsoft Corporation (NASDAQ: MSFT) ranks 2nd in our list of the 30 Most Popular Stocks Among Hedge Funds.