Virtual Reality (VR) is a technology that provides an immersive simulated experience. It includes companies that manufacture and sell hardware, devices and equipment for augmented reality (AR) and virtual reality (VR), such as head-mounted displays, gloves, controllers, etc. The recent launch of Apple's vision pro has sparked the interest of investors in VR and AR technology. With the innovation of new VR products, virtual reality will change how we use and develop games, entertainment, education, and healthcare services. As new applications continue to materialize, VR companies will see significant revenue growth, driving their share prices higher.
The CEO is bullish, but Wall Street is bearish? There is a significant divergence in earnings expectations for the US stock market this earnings season.
Analysts expect that the s&p 500 constituent companies will see a year-on-year profit growth of 4.2% in the third quarter, while these companies' own guidance predicts a growth of 16%. This difference implies that corporate performance is likely to exceed Wall Street expectations.
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