2 Stocks to Invest in Virtual Reality

Many companies have dabbled in virtual reality (VR) over the years, releasing various headsets and using different strategies in an effort to convince consumers to adopt the technology. Meta and Sony recently dominated the industry with their respective devices. Yet even these tech giants have been unable to achieve much success in the market, as consumers seem unconvinced by the utility of VR. 

However, technological advances and the entrance of new companies into the market have renewed interest in VR. Data from Fortune Business Insights shows the virtual reality market is projected to expand at a compound annual growth rate of 45% through 2029, hitting $227 billion. As a result, the industry makes for an exciting and potentially lucrative investment opportunity. 

Here are two stocks to invest in virtual reality this August.

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Source Fool.com