6 Tech Stocks to Buy for the VR Boom

The future for VR is now and these are the tech stocks to watch

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VR Tech Stocks to Buy: Ambarella (AMBA)

VR Tech Stocks to Buy: Ambarella (AMBA)
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Ambarella Inc (NASDAQ:AMBA), best known for supplying for GoPro Inc (NASDAQ:GPRO), is eager to grow in markets outside of action cameras.

Not only does it supply for the automotive industry, but it is embracing VR. At CES, AMBA introduced the industry’s first 8K camera SoC (system on a chip). Used in high-end drones, the video camera supports 360-degree capture and virtual reality cameras. Ambarella forecasts VR cameras will start ramping up this year.

Though it forecast flat revenue growth for 2017, VR is clearly a promising market that will offset the weak wearable sports camera sales made by GoPro. AMBA admits the VR market is very new. Sales will pick up, but it is still a small part of total revenue. Ambarella is optimistic but cautious about the market. Consumer demand and supplier adoption for VR technology will determine how sales do this year.

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Article printed from InvestorPlace Media, http://investorplace.com/2017/03/6-tech-stocks-to-buy-for-the-vr-boom/.

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