Is Advanced Micro Devices, Inc. (AMD) the Best Augmented Reality Stock to Buy According to Hedge Funds? [Yahoo! Finance]
Advanced Micro Devices, Inc. (AMD)
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Source: Yahoo! Finance
where Advanced Micro Devices, Inc. (NASDAQ: AMD ) stands against other best augmented reality stocks to buy according to hedge funds. According to a report by Mordor Intelligence, the global AR market is anticipated to grow at a notable compound annual growth rate (CAGR) of 42.36% between 2024 and 2029, reaching $248.38 billion by the end of the forecast period. It currently has a market size of $42.48 billion as of 2024. While the largest market for the industry is North America, the Asia Pacific region is anticipated to be the fastest growing. The report also highlighted that a significant portion of this market is mobile AR, which leverages the globally spread use of smartphones, tablets, and other smart devices. Some estimates show that nearly 1.7 billion devices can support mobile AR as of 2024. Therefore, the massive and globally spread smartphone user base gives the AR industry a key competitive advantage. READ ALSO: Recession Resistant Investing: 10 Best Grocery Stocks T
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