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This trend is likely to continue because VR is an integral component of the global digital transformation of enterprises. The global virtual reality market is expected to grow at an 18% CAGR over the next seven years.
The current semiconductor shortage has been a significant obstruction to the VR industry’s growth. However, hefty federal investments to bolster chip production coupled with disruptive innovations each day should offset the short-term headwinds. Thus, we think that popular VR stocks Lumentum Holdings Inc . (LITE), Himax Technologies, Inc. (HIMX), and Immersion Corporation (IMMR) could be valuable additions to one’s portfolio.
