Technology

How Virtual Reality Will Change Everything: 3 Stocks to Buy Now

When the tech market crashed in 2000 after years of unabated growth and mind-boggling expansion, Wall Street naysayers said it was over. The reality is, it was just the beginning. One of the most respected technology analysts on Wall Street feels that, 15 years from now, technology’s newest mega-theme will be an accepted mainstream application.

Piper Jaffray’s Gene Munster is, without question, one of Wall Street most respected technology analysts. He and his team believe that virtual reality (VR), and in time augmented reality (AR), will be the next tech mega-theme. Between now and 2030, they see this as the defining trend in the technology industry. For now, Munster likens the current virtual reality technology to cellphones in 2000. To put that in perspective remember, that the iPhone wasn’t even introduced until 2007.

This is far more than playing a 3D video game. This is attending an NFL and NBA game with a 50 yard line or center court seat. It is a front row seat at the biggest concerts on tour, or literally sitting in a room and visiting a dear friend or relative that is halfway around the world. Kids in classrooms will be able to tour the greatest sites and antiquities in the world, like the Egyptian pyramids or the Coliseum in Rome. College students can attend a lecture at a university across the country. The possibilities are endless.

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What is the catalyst for all of this optimism? Plain and simple, the consumers’ unquenchable appetite for the next big thing. The iPhone 6 was really just a refinement and an enlargement of the existing device, yet the consumer demand was overwhelming. Sure it had new capabilities, and a larger screen, but it was not earthshaking new technology. The introduction of the iPhone in 2007 was. What the iPhone 6 did was continue to deliver sales of a ubiquitous product and helped drive earnings at Apple to record levels.

The team at Piper Jaffray makes it very clear that the whole virtual reality theme is just stepping out of the gate, literally is like a baby taking its first steps. They acknowledge that there are literally hundreds of companies already competing in the space, with the great bulk of them privately held, and many in their own state of infancy.

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