2 Best Stocks to Invest in Virtual Reality
Virtual reality seems poised to be one of the hottest technology growth trends of the next decade or two. VR, in simple terms, is the use of computer technology to create a simulated environment that gives the user a fully immersive experience. The term applies to both the tech and the environment it creates.
Global spending on VR and its cousin augmented reality will soar from just over $12 billion in 2020 to $72.8 billion in 2024, according to estimates by research firm IDC. That's a whopping 54% compound annual growth rate. Estimates vary by source, and VR and AR are usually lumped together. But the point remains that these two related technologies have powerful growth potential.
Two of the best stocks to invest in VR -- though neither is a pure play -- are gaming and tech giant Nvidia (NASDAQ: NVDA) and newly public spatial-data company Matterport (NASDAQ: MTTR).
Source Fool.com
