10 Best Augmented Reality Stocks To Buy Now

3. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 193

NVIDIA Corp (NASDAQ:NVDA) is a full-stack computing infrastructure company that engages in accelerated computing to help solve challenging computational problems.  The company powers some of the leading AR and VR devices across the globe. For instance, the NVIDIA Cloud RX delivers VR and AR experiences over Wi-Fi and 5G networks, allowing users to stream AR content wirelessly. The company is also advancing technology to employ AR technology in vehicles, with its NVIDIA Drive AR processor collecting data and displaying it to drivers through AR.

Similarly, the NVIDIA Omniverse delivers the first full-fidelity, fully ray traced XR experiences in the world. Creators, engineers, and end-user designers can develop 3D virtual worlds at human scale through the Omniverse XR application. Content can be seen in augmented reality, with users bringing virtual assets into the real world. It can also be viewed as a VR virtual camera with a “window” for navigating a 3D scene or experience.

The company reported 17% sequential revenue growth in fiscal Q3 2025, setting a new record and reaching $35.1 billion. This translates to a 94% year-on-year growth. The growth was attributed to all market platforms posting strong sequential and year-over-year growth, boosted by the adoption of NVIDIA accelerated computing and AI.

Polen Focus Growth Strategy stated the following regarding NVIDIA Corporation (NASDAQ:NVDA) in its Q2 2024 investor letter:

“In the second quarter, the dominant narrative in markets continued to be generative AI (GenAI). If it wasn’t immediately evident from NVIDIA Corporation’s (NASDAQ:NVDA) meteoric rise to among the largest companies in the world, one need only look so far as the Semiconductor and Technology Hardware industries as a gauge of sentiment, collectively accounting for greater than 70% of the Russell 1000 Growth (“the Index”) and 85% of the S&P 500 headline return quarter to date.

Our Portfolio has no exposure to NVIDIA or other Semiconductor companies currently benefiting from demand for foundational AI Hardware. The largest relative detractors in the quarter were NVIDIA, Apple, and Salesforce.

For the second quarter in a row, NVIDIA represented the top detractor to relative performance as the stock climbed another 37%, bringing the year-to-date return to +150%. As of this writing, NVIDIA is the third largest company in the world, but for a brief moment, it surpassed Microsoft to become the largest company in the world. Yet again, the company delivered blowout results that surpassed already lofty expectations, reinforcing the narrative that NVIDIA is the only obvious “AI winner” due to the amount of revenue it is currently generating.”