9 Best Augmented Reality Stocks to Invest in Under $10

3. Matterport, Inc. (NASDAQ:MTTR)

Share Price as of January 31: $5.21

Number of Hedge Fund Holders: 27

Matterport, Inc. (NASDAQ:MTTR) is a spatial data company that focuses on digitization and datafication. It offers Matterport Capture Services, a fully managed solution for enterprise subscribers; Matterport Pro3, a 3D camera that scans properties; Matterport Pro2, a 3D camera that captures spaces. The stock has been flying high, attributed to solid financial results characterized by steady revenue growth of 3.82%

Matterport, Inc. (NASDAQ:MTTR) is increasingly capitalizing on the growing demand for 3D modeling technology across various industries, from real estate to virtual reality. In addition, the release of AI-powered features positions MTTR for enterprise adoption and workflow automation, potentially accelerating revenue growth in 2025. An important technological development is the incorporation of generative AI capabilities in the fall 2024 Release

The collaboration with Tokyo Construction demonstrates the enterprise-grade potential of digital twin technology, especially for intricate infrastructure projects. The platform’s capacity to improve cooperation and expedite point cloud data scanning indicates a strong product-market fit in the construction sector.