5 Best Virtual Reality Stocks to Buy

3. Apple Inc. (NASDAQ: AAPL)

Number of Hedge Fund Holders: 146   

Apple Inc. (NASDAQ: AAPL) is a California-based technology firm. The company primarily makes and sells hand-held electronic devices, laptops, and computers but also has virtual reality projects in the pipeline. Earlier this year, media reports indicate that Apple was developing a VR headset that would be a precursor to more ambitious virtual reality glasses it eventually plans to produce. The company has also integrated virtual reality into the devices it makes, like VR-related software that can be used on phones for a variety of applications.

Apple Inc. (NASDAQ: AAPL) was upgraded to Neutral from Sell by investment bank Goldman Sachs after the technology firm reported strong sales for the new iPhone models through the pandemic. However, the bank cautioned that the demand for new Apple products would be difficult for the firm to sustain in the long term. 

Out of the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in the firm with 62.8 million shares worth more than $7.6 billion.  

Our calculations show that Apple Inc. (NASDAQ: AAPL) ranks 10th in our list of the 30 Most Popular Stocks Among Hedge Funds.