10 Best Metaverse Stocks To Buy According to Hedge Funds

3. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 184

Apple Inc. (NASDAQ:AAPL) which is well known for its smartphones, also makes the hardware that blends the digital and the virtual world. While the Mac introduced Apple to personal computing, and the iPhone introduced it to mobile computing, the firm stepped into the metaverse as it debuted its virtual reality headset.

The iPhone maker launched its Vision Pro headset at its annual WWDC event in June 2023. As a revolutionary spatial computer that seamlessly blends digital content with the physical world, the firm claimed the device as to be years ahead and unlike anything created before. It builds upon Apple’s innovation and experience designing high-performance products such as the Mac, iPhone, and wearables like the Apple Watch.

For its fiscal 2024 fourth quarter ended September 28, Apple Inc. (NASDAQ:AAPL) reported revenue of $94.9 billion, a record September quarter revenue driven by iPhone. Additionally, Apple’s active installed base of devices hit a new all-time high across all products and all geographic segments. During the quarter, the firm was excited to announce the new iPhone 16 lineup, Apple Watch Series 10, and AirPods 4.

Thus, Apple Inc. (NASDAQ:AAPL) is set to benefit from its leading innovation, expertise, and a potential surge in demand for AR/VR devices with the growth in the metaverse. The stock is held by 184 hedge funds, as of Q2.