Seven stocks to add to your watch list for augmented reality (AR), the newest investment frontier in technology.

The market for augmented reality has significant growth potential, which is increasingly clear. Major firms have rebranded, unveiled AR/VR headsets, and made steps to acquire digital real estate as proof of this. There is no doubt that businesses believe in the AR market’s potential for expansion. Investors need to be as well.

Between 2023 and 2030, experts predict that the sector will develop at a 50% compound annual rate. During that time, capital will flow freely into the industry, which will benefit companies that can take advantage of the opportunity greatly. Although prominent IT names are driving the push, there are other names to keep an eye on as the industry expands quickly.

Here are just a few of the augmented reality stocks that are most sought-after to own:

Stocks to Buy Now for Augmented Reality: Apple (AAPL)

The entrance front of the American multinational boutique corporation dealership shop features the Apple (AAPL) logo brand and text sign. Apple Dismissals

The stock could rise much further as a result of the AR breakthroughs. All this is happening as Apple works to make its Vision Pro augmented reality headset available in the first quarter of 2019.

Even better, due to its domination of the iPhone and augmented reality goods, Apple continues to be one of the best investment prospects on the market. Vision Pro may eventually be able to support the business, possibly in a very beneficial way, even though iPhone sales currently account for the majority of Apple’s success.

Autodesk, Inc.

The biggest provider of computer-aided drawing (CAD) software, Autodesk (NASDAQ:ADSK), is another of the best augmented reality stocks to invest in. Its software dominates the market and has widespread use across numerous industries. CAD enables designers to produce 3D representations of actual environments and objects, which naturally has applications in the field of augmented reality.

Autodesk’s CAD-to-AR Autodesk Inventor is among the more prominent advancements in that area. The system combines an augmented reality engine with Unity’s (NYSE:U) gaming engine. By being the preferred option for in-demand producers, Autodesk hopes to take a sizable chunk of the industry.

Stocks to Buy for Augmented Reality: NexTech AR Solutions (NEXCF)

Or, check out NexTech AR Solutions (OTCMKTS:NEXCF), another stock to consider buying in the augmented reality space. It’s a penny stock right now, but it could become a multi-bagger. The business integrates AI-powered 3D and AR technology.

The business serves as the parent company for businesses that it creates or buys. It distributes those businesses to shareholders while keeping ownership of those businesses.

(QCOM) Qualcomm

Qualcomm (NASDAQ:QCOM) is working to create AR glasses that will one day rival Apple’s Vision Pro.

The design of Qualcomm’s AR glasses and the notion that it might eventually replace cell phones intrigue me. Even though it’s difficult to see customers placing calls using AR glasses rather than a phone, I still think a product like this might act as a significant spur for QCOM growth.

Additionally, I think QCOM is a good investment because it pays dividends (2.95% return) and has clear ambitions that could help it grow significantly in the future.

Buy Nvidia (NVDA) Stock for Augmented Reality

Nvidia (NASDAQ:NVDA) is currently most well-known due to the development of artificial intelligence. The company makes the most potent AI chips and is profiting from a huge increase in demand as a result of its position.

Also at the top of the graphics industry is Nvidia. It is the market leader for graphics processing units (GPUs) and dominates the gaming industry as a whole. Future developments in the AR/VR/XR space will surely benefit from this graphics strength.

Investors will undoubtedly be paying closer attention to Nvidia in the near future as it relates to AI, it is safe to say. However, major companies will start selling AR headsets in 2019. … some of the interest will return to AR, VR, and XR as a result.

Platforms Meta (META)

CEO Mark Zuckerberg highlighted the fact that there are currently over 10 million active devices and said that this number signals an important adoption milestone.

Given the financial outcomes that support Reality Labs, it is impossible to refute such suspicion. If reaching 10 million active users is any type of significant milestone that denotes widespread adoption, Meta should also inform investors of the potential downside. If losses increase, it’s difficult to see why investors should keep supporting the makeover. Critical adoption shouldn’t be accompanied by increasing losses.

The key takeaway is that Meta needs to do more to advertise the notion that mass adoption has already happened if it wants to convince investors of the AR possibility.Since Meta claims that mainstream acceptance has arrived, Meta needs to actively promote that notion. That clears the way for profitability while also making losses more bearable.

IMMR for immersion

The stock of Immersion (NASDAQ:IMMR) may be a reliable indicator of the demand for AR. The business creates and licenses haptic technology, which is the study of using touch.

Because of its economic strategy, I think Immersion is a reliable indicator of demand for augmented reality. Licensing accounts for practically all of the company’s revenues. Of its $7 million in Q2 sales, licensing contributed to about $6.9 million. In the same period a year ago, that percentage was $7.9 million out of the $8 million in revenues.

Because Immersion is a small company, it might not fully represent AR as a whole. Nevertheless, it offers at least a barometer of sorts. Fundamentally speaking, the fact that IMMR stock has completed a turnaround is encouraging. In the previous year, the company reported a net loss of almost $1.8 million. In Q2 2023, that resulted in a $7 million net gain. IMMR is moving in the right way, at the very least.