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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: Himax Technologies (HIMX)

VR Tech Stocks to Buy: Himax Technologies (HIMX)
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Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) is best known for having Alphabet invest in it a few years ago. Since then, markets pin supply contracts for AR/VR will outpace this large panel display driver supplier.

Himax’s contracts to VR makers are real, but the company cannot reveal who they are due to confidentiality agreements. Its 24.2% gross margin in 2016 will grow once smartphones and electronic devices build in both AR and VR solutions.

Himax’s quarterly revenue will change from uneven to upward, once companies like Microsoft Corporation (NASDAQ:MSFT), with its HoloLens, and Facebook Inc (NASDAQ:FB) push VR solutions to market:

“We also expect our gross margin to be under pressure in the short-term due to continuous pricing pressure and less favorable product mix of driver IC products, lower revenues from high-margin AR/VR related businesses and lower NRE income.

You could do a lot worse.

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