The Rise of Augmented Reality Stocks in 2021
Augmented Reality or AR is an emerging technology that allows digital elements to be overlaid onto real-world environments in real-time. This technology is gaining popularity at an incredible rate, and the market for augmented reality is expected to reach an estimated $72.7 billion by 2024. Investors are taking note of this trend and are investing in companies that use augmented reality technology to gain a competitive edge.
In this article, we’ll take a look at the top five best augmented reality stocks to buy in 2021.
#1 Apple Inc. (AAPL)
Apple Inc. is a household name and is known for its innovative technology. In 2017, Apple introduced the ARKit, a framework for iOS devices that allow developers to create augmented reality experiences. Apple’s ARKit has become one of the most widely used AR development tools, and it has allowed developers to create immersive AR experiences for Apple’s platform. Apple’s foray into AR has given investors confidence that the company can capitalize on this emerging market.
#2 Facebook Inc. (FB)
Facebook has invested heavily in AR technology. In 2017, the social media giant announced the launch of AR Studio, a platform for developers to create augmented reality applications for Facebook Messenger and Facebook’s camera app. Facebook has also made a push into AR hardware, with the release of its Portal and Oculus VR headsets. The company’s commitment to AR technology makes it a promising investment.
#3 Alphabet Inc. (GOOGL)
Alphabet Inc. is the parent company of Google and has been exploring the potential of AR for several years. The company’s ARCore platform, launched in 2018, is a rival to Apple’s ARKit and is available on Android devices. Google has also invested in AR hardware, with the release of Google Glass in 2013 and the more recent Google Lens. Alphabet’s commitment to AR technology and its diverse range of investments make it a solid investment option.
#4 Snap Inc. (SNAP)
Snap Inc. is the parent company of Snapchat, a popular social media app that has incorporated augmented reality into its platform. Snapchat’s AR filters and lenses have become a hit with users and have made the company an important player in the world of AR. The company’s commitment to AR technology and innovative business model make it an attractive investment option.
#5 Vuzix Corporation (VUZI)
Vuzix Corporation is a relatively unknown company that is making waves in the world of AR. The company produces smart glasses that use augmented reality technology to overlay digital elements onto the real world. Vuzix’s smart glasses are being used in various industries, including healthcare, logistics, and manufacturing. The company’s focus on a niche market and its innovative technology make it a compelling investment.
Conclusion
Augmented reality is a rapidly growing market, and investors are taking note of this emerging technology. By investing in companies that are committed to utilizing augmented reality technology, investors can gain exposure to this exciting market. Apple, Facebook, Alphabet, Snap, and Vuzix are all excellent contenders for investors looking to get in on the action. As always, investors should conduct extensive research before investing in any stock.
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