9 Best Augmented Reality Stocks to Invest in Under $10

5. Perfect Corp. (NYSE:PERF)

Share Price as of January 31: $2.17

Number of Hedge Fund Holders: 9

Perfect Corp. (NYSE:PERF) is an artificial intelligence software as a service company that offers artificial intelligence (AI) – and augmented reality (AR)-powered solutions for the beauty, fashion, and skincare industries. It is well-known for its AI and AR technology solutions, offering millions of people worldwide virtual try-ons and beauty diagnostics. Major beauty brands have undergone a digital transformation thanks in large part to its technology, which also enhances the online shopping experience.

Recognized for its virtual try-on technology and digital solutions, Perfect Corp. (NYSE:PERF) has moved to strengthen its prospects in the industry with the acquisition of Wannaby. The acquisition is a leading player in augmented reality and computer vision technology, focusing on offering virtual try-on platforms for fashion items, thus revolutionizing online shopping for consumers and retailers.

Wannaby is a specialist in immersive digital experiences for the fashion industry. The acquisition should broaden its offerings into the luxury segments of shoes, bags, and apparel. Known for its digital solutions and virtual try-on technology, Wannaby has partnered with more than 30 luxury brands. It is projected that Wannaby’s capabilities, combined with Perfect Corp.’s (NYSE:PERF) cutting-edge beauty technology, will revolutionize the digital fashion and beauty industry.