Investors have heard about the potential of Virtual Reality (VR) and Augmented Reality (AR) a lot over the past five years, but it seems like the market is finally getting onboard for the technology.
Many AR stocks have been posting impressive gains over the fall. It’s one thing when a single company in the sector performs well, but when it happens across the board, it’s time for investors to pay attention.
Part of the reason AR is on the up is bigger commitments from tech giants propelling the industry to consumers. There are major AR initiatives in play for
Apple Inc. (
NASDAQ:AAPL),
Microsoft Corp. (
NASDAQ:MSFT), and especially
Alphabet Inc. (
NASDAQ:GOOG) recently
expanding into 3D AR ads. Here are some of the AR stocks that improved alongside the trend.
NexTech AR Solutions Corp. (
CSE:NTAR)
Big commitments in AR leave plenty of room for partnerships, and for investors to capitalize on the technology directly. For Alphabet’s foray into 3D ads,
it found a partner in
NexTech AR Solutions Corp. The AR commerce platform provider saw its shares soar after
posting record revenues and profit and is continuing to impress the market, recently
launching a 3D AR capture technology. On our StockTalk Podcast, NexTech's CEO
spoke on the increasing potential for the company and the sector.
Lumentum Holdings Inc. (
NASDAQ:LITE)
And NexTech is far from the only company profiting. A large factor of the upswing in AR adoption is smartphones that can handle the technology, and many of them use 3D sensor lasers.
Previous comments by Apple’s CEO Tim Cook led many to look at
Lumentum Holdings Inc., which produces Apple’s 3D lasers found in all of the company’s new mobile products. Like NexTech above, Lumentum also recently posted financials which
handily beat analyst estimates.
MicroVision Inc. (
NASDAQ:MVIS)
Next up might be
MicroVision Inc., a competitor that develops PicoP scanning technology. Shares of MVIS already saw a notable bump at the beginning of October as many analysts are bullish on the company, and many have set long-term price targets more of more than 200% the current price. With quarterly earning
just around the corner, we’ll see if it lives up to the hype sooner rather than later.
Vuzix Corp. (
NASDAQ:VUZI)
Finally we take a look at another AR technology that’s starting to make waves, and in many cases, recover. Many years ago, a lot of companies were banking on wearable AR glasses, but it seems they were a bit too early. Now the market is much more favorable to the idea, with
Vuzix Corp. recently gaining a lot of ground
after it received regulatory approval for its line of smart glasses.
Early AR was a dream technology that was often too clunky for wide-stream adoption and application, but the prototypes look to be behind us. With major companies invested in the fields, and many smaller innovators posting impressive results, it looks the time is finally
now for AR.
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FULL DISCLOSURE: NexTech AR Solutions Corp. is a client of Stockhouse Publishing