9 Best Augmented Reality Stocks to Invest in Under $10

8. MicroVision, Inc. (NASDAQ:MVIS)

Share Price as of January 31: $1.59

Number of Hedge Fund Holders: 5

MicroVision, Inc. (NASDAQ:MVIS) develops and sells lidar sensors and software for automotive safety and autonomous driving applications. It offers a suite of light detection, ranging (lidar) sensors, perception, and validation software for automotive OEMs. Given its vast product portfolio that focuses on high-volume passenger car projects, it remains one of the best-augmented reality stocks.

MicroVision, Inc. (NASDAQ:MVIS) believes that 905-nanometer lidar technology is reliable and economical for long-term auto manufacturing. As a result, it aims for more in-depth cooperation with automakers and tailored software. In order to satisfy the expected demand from the industrial sector, it has also announced an expansion in the production capacity of its MOVIA L sensor. With ZF as their Tier 1 manufacturing partner, the company anticipates a notable increase in output in 2025 over 2024. For industrial applications, the increased production scale will result in lower average costs per sensor while preserving high standards of quality.