#5 - Nvidia (NASDAQ:NVDA)
A different way to invest in virtual reality is to look for the picks and shovel stocks. That is the companies that provide the crucial elements that make products a reality. And when it comes to VR/AR products, like many sectors, that means looking at semiconductor companies, and that’s a reason to consider Nvidia (NASDAQ: NVDA).
Nvidia is already among the leaders in developing the graphic processing units GPUs that are used by consumers and businesses. And when it comes to VR gaming, the need for processing power will be equally if not more important than the actual products.
After its 4-for-1 stock split in July 2021, NVDA stock is currently trading above its consensus price target. However, we are only at the beginning of what is going to be a multi-year movement. And Nvidia is an attractive stock for many sectors beyond virtual reality. So investors can look for the stock to pull back before taking a long position.
About NVIDIA
NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.
Read More - Current Price
- $132.11
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 39 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $116.90 (11.5% Downside)
