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Virtual Reality Stocks To Add to Your Watchlist - August 23rd

Meta Platforms logo with Computer and Technology background

Key Points

  • Meta Platforms, Unity Software, and Best Buy are highlighted as key Virtual Reality stocks to monitor, reflecting significant trading activity in the sector.
  • Meta Platforms focuses on connecting users through various platforms, including Facebook and Instagram, while also developing VR products through its Reality Labs segment.
  • Unity Software offers a real-time 3D development platform that enables the creation of interactive content across various devices, including augmented and virtual reality.
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Meta Platforms, Unity Software, and Best Buy are the three Virtual Reality stocks to watch today, according to MarketBeat's stock screener tool. Virtual reality stocks are shares of publicly traded companies that develop, manufacture or distribute virtual reality hardware, software and content. Buying these equities lets investors gain exposure to the growing market for immersive technologies—from headsets and sensors to VR platforms and applications. Their performance often hinges on factors like consumer adoption rates, technological breakthroughs and competitive dynamics in the VR ecosystem. These companies had the highest dollar trading volume of any Virtual Reality stocks within the last several days.

Meta Platforms (META)

Meta Platforms, Inc. engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.

Read Our Latest Research Report on META

Unity Software (U)

Unity Software Inc. operates a real-time 3D development platform. Its platform provides software solutions to create, run, and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The company offers its solutions directly through its online store and field sales operations in North America, Denmark, Finland, the United Kingdom, Germany, Japan, China, Singapore, and South Korea, as well as indirectly through independent distributors and resellers worldwide.

Read Our Latest Research Report on U

Best Buy (BBY)

Best Buy Co., Inc. engages in the retail of technology products in the United States, Canada, and international. Its stores provide computing and mobile phone products, such as desktops, notebooks, and peripherals; mobile phones comprising related mobile network carrier commissions; networking products; tablets covering e-readers; smartwatches; and consumer electronics consisting of digital imaging, health and fitness products, portable audio comprising headphones and portable speakers, and smart home products, as well as home theaters, which includes home theater accessories, soundbars, and televisions.

Read Our Latest Research Report on BBY

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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