9 Best Augmented Reality Stocks to Invest in Under $10

4. Vuzix Corporation (NASDAQ:VUZI)

Share Price as of January 31: $4.14

Number of Hedge Fund Holders: 5

Vuzix Corporation (NASDAQ:VUZI) designs, manufactures, and markets smart glasses and augmented reality (AR) technologies and products for the enterprise, medical, defense, and consumer markets. It is one of the best-augmented reality stocks to invest in, its share price having more than doubled in 2024. The rally came as the company continued to innovate and expand its product offerings. Last year, it launched the Xtreme Smart Glasses Kit, specifically designed to endure extreme weather conditions.

The launch strengthened the company’s entry into the consumer smart glasses market, where it offered Vuzix Z100 smart glasses. Vuzix Corporation (NASDAQ:VUZI) has also developed ‘Vuzix Connect’, an application that connects to the Vuzix Z100 smart glasses, enabling real-time notifications. Recent updates to the app have introduced new features such as a teleprompter, a fitness application, Google Maps integration, as well as translation and transcription capabilities.

Vuzix Corporation (NASDAQ:VUZI) has received a significant production order for its smart glasses from a prominent US-based aerospace and defense company. The six-figure order underscores the strong demand and significant business development for the company. It has also inked a strategic partnership with Augmex to enhance smart glasses development for warehousing, logistics, and healthcare.