10 Best Virtual Reality Stocks To Buy Now

6. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 100

QUALCOMM Incorporated (NASDAQ:QCOM) is a global technology leader that helps to bring intelligent computing everywhere through the development and commercialization of foundational technologies. The firm has three reportable segments and conducts business primarily through its QCT (Qualcomm CDMA Technologies) semiconductor business and its QTL (Qualcomm Technology Licensing) licensing business. Meanwhile, the QSI (Qualcomm Strategic Initiatives) reportable segment makes strategic investments.

The firm is setting the stage for a new digital future through its virtual reality technologies which enable new realms of truly immersive user experiences. Qualcomm’s virtual reality solutions help original equipment manufacturers and developers introduce devices that include graphics with high pixel density, develop avatars with nuanced facial expressions, and immerse users with 3D spatial sound for clear voice interactions.

The Snapdragon VR products are the best VR chipsets from Qualcomm. The Snapdragon XR2 platform leverages AI, 5G, on-device processing, and edge cloud processing for photorealistic visuals and life-like responsiveness. The firm combines the compute power of the Snapdragon XR2 platform and top perception technologies to allow accessible and engaging learning, training, and entertainment VR experiences that seem real. Additionally, the company is making mobile VR a reality. By designing for the extreme requirements of fully immersive mobile VR, Qualcomm Technologies is in a unique position to deliver superior VR experiences. The firm’s solutions currently power many leading mobile VR solutions.

QUALCOMM Incorporated (NASDAQ:QCOM) closed the fiscal year with strong results in the fourth quarter. The firm witnessed a growth in EPS of over 30% year-over-year. The key segments performed well with QCT’s revenue up 18% and QTL’s revenue up 21%, year-over-year. Overall, the fiscal year 2024 results remained robust, marked by an over 20% EPS growth and a record free cash flow of $11.2 billion.

QUALCOMM Incorporated (NASDAQ:QCOM) is transforming the way we experience reality with its premium virtual reality offerings powering devices that are truly immersive and intelligent. As of Q2, the stock is held by 100 hedge funds and thus ranks on our list of the best VR stocks to invest in.