5 Best Virtual Reality Stocks To Buy Heading into 2024

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 306

An Outperform rating and a $425 price target were maintained on Microsoft Corporation (NASDAQ:MSFT) on November 16 by Daniel Ives at Wedbush.

In total, 306 hedge funds were long Microsoft Corporation (NASDAQ:MSFT) in the third quarter, with a total stake value of $72.2 billion.

Microsoft Corporation (NASDAQ:MSFT) is a big tech company that is offering VR products such as the HoloLens device, which provides holographs for enterprise applications.

Here’s what Jackson Peak Capital said about Microsoft Corporation (NASDAQ:MSFT) in its third-quarter 2023 investor letter:

“The Microsoft Corporation (NASDAQ:MSFT)/Activision Blizzard, Inc. (NASDAQ:ATVI) merger arbitrage came to a successful conclusion with the court denying the FTC’s preliminary injunction request. The deal subsequently received approval from the UK CMA and closed in October. The ATVI position was an example of “staying around the hoop” of a significant arb opportunity. At first, the position led to a small loss in Q2 when the UK CMA initially blocked the deal in April, but we stayed close to the case, analyzed the FTC trial and scaled up the ATVI position as it became apparent FTC had a weak case, meaning the probability of the deal going through was mispriced by the market since the companies would likely find a solution to work with the UK CMA (only global regulator who had an issue) if the FTC lost.”

See also Top 16 Augmented Reality (AR) Stocks Among Hedge Funds and 20 Biggest Augmented Reality And VR Companies In The World.