Which stocks are the top performers in the virtual reality sector?
Virtual reality (VR) is a rapidly growing industry that has gained significant traction in recent years. As more people invest in VR technology, the demand for VR-related products and services continues to rise.
1. Oculus VR (OVRSF)
Oculus VR is one of the leading companies in the VR industry. The company was acquired by Facebook for $2 billion in 2014, and since then, it has been working on developing new and innovative products. Oculus VR’s flagship product, the Oculus Rift, has gained significant popularity among gamers, developers, and businesses alike. In addition to the Rift, Oculus VR also offers other VR-related products, including the Quest 2 headset, which is designed for mobile use.
Oculus VR’s revenue has been steadily increasing over the past few years, with the company reporting $10.7 billion in revenue in 2019. As of August 2021, Oculus VR’s stock is trading at around $600 per share, giving it a market capitalization of roughly $850 billion.
2. HTC (HTCK)
HTC is another well-known company in the VR industry. The company was one of the first to enter the VR market with its HTC Vive headset. However, in recent years, HTC has struggled to compete with other companies in the industry, such as Oculus VR.
Despite this, HTC continues to develop new VR-related products and services. As of August 2021, HTC’s stock is trading at around $13 per share, giving it a market capitalization of roughly $6 billion. While HTC’s revenue has been declining over the past few years, the company’s VR business continues to be a significant contributor to its overall financial performance.
3. Samsung (SSNLF)
Samsung is a global electronics giant that has also entered the VR market. The company’s Galaxy VR headset was released in 2015, and since then, it has continued to develop new VR-related products and services. In addition to its VR business, Samsung also invests heavily in other areas of technology, such as smartphones, televisions, and appliances.
As of August 2021, Samsung’s stock is trading at around $54 per share, giving it a market capitalization of roughly $760 billion. While Samsung’s VR business may not be as significant as some other companies in the industry, its overall financial performance continues to be strong.
In conclusion, the virtual reality sector is an exciting and rapidly growing industry with several top-performing stocks. Oculus VR, HTC, and Samsung are all major players in the industry that continue to develop new products and services. While each company has its strengths and weaknesses, investors looking for opportunities in the VR space may want to consider adding any of these companies to their portfolio.