9 Best Augmented Reality Stocks to Invest in Under $10

2. Immersion Corporation (NASDAQ:IMMR)

Share Price as of January 31: $8.37

Number of Hedge Fund Holders: 14

Immersion Corporation (NASDAQ:IMMR) and its subsidiaries engage in the creation, design, development, and licensing of haptic technologies that allow people to use their sense of touch to engage with and experience various digital products. It is one of the best-augmented reality stocks owing to rising demand for its hepatic technology across key gaming, automotive and consumer electronics sectors.

Demand for Immersion Corporation’s (NASDAQ:IMMR) products may have been fueled by the growing popularity of virtual reality (VR) and augmented reality (AR) technologies, which depend on haptic feedback to create immersive experiences. Expanded licensing agreements and royalties from well-known OEMs (original equipment manufacturers) in these developing tech markets are also anticipated to have contributed to revenue growth in the quarter that will be reported.

Together with effective cost control, Immersion’s strategic initiatives to expand its product line and penetrate new markets may have increased operational effectiveness and profit margins. Immersion Corporation’s (NASDAQ:IMMR) emphasis on growing its intellectual property (IP) portfolio and negotiating new licensing agreements contributed significantly to the third quarter’s increased revenue and earnings growth.