5 Best Augmented Reality Stocks to Buy Now

In this piece, we will take a look at the five best augmented reality stocks to buy now. For more stocks, head on over to 15 Best Augmented Reality Stocks to Buy Now.

5. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Investors in Q4 2022: 106

NVIDIA Corporation (NASDAQ:NVDA)’s CloudXR software development kit allows developers to build augmented reality applications. It allows users to stream AR experiences and has enabled companies to develop car manufacturing workflows, develop batteries, and even interact with a rain forest.

106 of the 943 hedge funds polled by Insider Monkey had invested in NVIDIA Corporation (NASDAQ:NVDA) during Q4 2022. Out of these, Ken Fisher’s Fisher Asset Management is the firm’s largest shareholder since it owns 10 million shares that are worth $1.4 billion.

Microsoft Corporation (NASDAQ:MSFT), NVIDIA Corporation (NASDAQ:NVDA), Alphabet Inc. (NASDAQ:GOOGL), and Meta Platforms, Inc. (NASDAQ:META) are some of the top AR companies in the industry.

4. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Investors in Q4 2022: 135

Apple Inc. (NASDAQ:AAPL) is one of the largest consumer technology companies in the world. Its tablets and smartphones allow users to use AR for several features such as visualizing experiences, manipulating images, and exploring the inner workings of projects.

Insider Monkey’s December quarter of 2022 survey covering 943 hedge funds revealed that 135 had invested in the company. Apple Inc. (NASDAQ:AAPL)’s largest shareholder is Warren Buffett’s Berkshire Hathaway which owns a $116 billion stake.

3. Meta Platforms, Inc. (NASDAQ:META)

Number of Hedge Fund Investors in Q4 2022: 194

Meta Platforms, Inc. (NASDAQ:META) is investing billions into developing a mixed reality platform and has integrated several key augmented reality features such as eye tracking and face tracking into its Meta Quest Pro headset – which also partially supports AR.

As of last year’s fourth quarter, 194 of the 943 hedge funds surveyed by Insider Monkey had bought Meta Platforms, Inc. (NASDAQ:META)’s shares. The firm’s largest investor in our database is Ken Fisher’s Fisher Asset Management which owns 9.1 million shares that are worth $1 billion.

2. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Investors in Q4 2022: 209

Alphabet Inc. (NASDAQ:GOOGL) allows Android users to place objects in 3D virtually in their environments, provides developers with the ARCore platform to build AR experiences, and until recently, sold augmented reality smart glasses as well.

Insider Monkey took a look at 943 hedge fund portfolios for 2022’s December quarter and found out that 209 had held a stake in the company. Alphabet Inc. (NASDAQ:GOOGL)’s largest hedge fund shareholder in our database is Chris Hohn’s TCI Fund Management which owns 54 million shares that are worth $4.8 billion.

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Investors in Q4 2022: 209

Microsoft Corporation (NASDAQ:MSFT) makes and sells the HoloLens augmented reality headset. Its Microsoft Mesh platform also enables users to virtually represent themselves in a shared space.

After scouring through 943 hedge fund holdings, Insider Monkey found out that 209 had invested in Microsoft Corporation (NASDAQ:MSFT) during Q4 2022. The firm’s largest shareholder is Michael Larson’s Bill & Melinda Gates Foundation Trust which owns 34 million shares that are worth $9.4 billion.

Disclosure: None. You can also take a look at 10 Hot Growth Stocks To Buy Now and 16 Biggest Paint Companies in the World.

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