Investing in Virtual Reality Stocks

Virtual reality (VR) has been around since the 1990s, but the technology only recently started to deliver on the promises made 30 years ago, much to the delight of investors looking to buy virtual reality stocks. While VR is primarily used for gaming and entertainment right now, there’s great potential for the technology in several industries and professions, such as engineering and design, healthcare, defense, and education.

What’s more, virtual reality is only just starting to catch on among both consumers and enterprises. Analysts expect the industry to grow considerably over the next decade. Various research groups forecast a double-digit compound annual growth rate between 2025 and 2030 or beyond.

For those looking to start investing in VR, here are six of the best stocks to consider.

Sony developed its own virtual reality headset that is compatible with its popular PlayStation video game consoles, the PlayStation VR or PSVR. This line of products has been among the best-selling VR devices since launching in 2016, along with Meta's line of products. Its latest consumer VR product is the PlayStation VR2 and it has received positive reviews.

In early 2025, Sony launched launched XYN. This business segment has both software and hardware solutions related to VR. However, these VR products have more of an enterprise focus. Sony provides software for capturing objects in 3D, VR headsets that can run computer-aided design (CAD) software, and even screens that display objects in 3D to the naked eye.

With envelope-pushing products for both consumers and professionals, Sony will likely remain a top VR stock for a long time.

Qualcomm specializes in wireless technology, but it has a range of other products, including software, processors, and modems. Its system-on-chip (SoC) Snapdragon brand of semiconductor products powers many top VR devices today.

For example, Axon's VR training uses the HTC Vive Focus 3 headset device, which is powered by a Snapdragon XR2 from Qualcomm. Meta Platforms also uses Snapdragon products to power both the Meta Quest 3 and the Ray-Ban Meta glasses.

Qualcomm isn't necessarily a household name because its products aren't usually consumer-facing. But pop the hood on some of the most popular VR hardware devices on the market, and one will often find something from Qualcomm, which allows it to make this list of top VR stocks.

Some of the companies on this list build and sell finished VR hardware products. However, companies that supply essential technology to hardware manufacturers are just as important. For this reason, Nvidia is a top choice when it comes to VR stocks because it's the leading designer of graphics processing units (GPU) for PCs and game consoles.

For more advanced VR applications -- not just video games -- Nvidia's VR-specific GeForce GTX GPUs are doing a lot of work. Moreover, developers can use the company's software developer kit (or SDK) called VRWorks. Whether it's for hardware or for applications, developers can use the SDK to make images, sounds, and touch interactions more realistic for the VR world.

Given the graphics-intensive nature of virtual reality, Nvidia is poised to benefit, regardless of which company’s hardware winds up becoming the industry standard.

There's no point in having high-resolution VR displays and powerful processors unless there are also high-quality 3D images to go with it, which is why Unity Software makes this list of best VR stocks.

Unity Software creates tools for 3D image creation that are used by video game developers, movie studios, industrial companies, and more. And since realism is so important, Unity has real promise in the world of VR.

According to the company, more than 70% of the top-selling games for Meta's Quest platform are made using Unity's software. This is a strong data point that showcases the company's positioning in the VR space. As VR adoption grows, it's likely that more developers will look to Unity's image-creation tools when building quality VR content.

Axon Enterprise provides law-enforcement agencies with Tasers, body cameras, and cloud-based software. And it's been one of the greatest stock investments of the past decade. However, many investors are still unaware that the company is also an important player in the VR space.

The Axon Training Pod is a complete unit that allows agencies to quickly get up and running with VR training. Handheld VR Tasers coupled with VR headsets allow officers to train without using up pricey, physical cartridges. On top of VR weapon training, Axon's solutions include a component for learning community engagement skills to de-escalate situations before needing to use a Taser in the first place.

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