Buy these 3 ETFs to profit from the virtual reality boom by StockNews

© Reuters. Buy these 3 ETFs to profit from the virtual reality boom

The virtual reality (VR) industry is expected to perform well in the coming months due to the growing prevalence of hybrid work and consistent technological advances. Therefore, investors who want to take advantage of industry growth in a relatively less risky way could invest in RV stock-focused ETFs, such as the Select Sector SPDR Fund Communication Service (XLC), the VanEck Vectors ETF Semiconductor (SMH) and Global X Robotics. I Artificial Intelligence ETF (BOTZ). The COVID-19 pandemic increased the demand for virtual reality (VR), as restrictions forced most businesses and schools to operate remotely. Virtual reality is believed to change the game as it digitally creates a three-dimensional environment and is the solution to some of the many problems the pandemic presented. The virtual reality industry should witness additional demand with the resurgence of COVID-19 cases and growing adoption in hybrid work environments.

The growing penetration of advanced technologies and the increase in investments in cloud-based services are some of the key factors that should drive the growth of the virtual reality market. According to a Grand View Research report, the virtual reality market is expected to grow at a CAGR of 18% between 2021 and 2028.

While it may be risky to bet on a particular RV value with growing competition in this space, a less risky way to capitalize on industry growth could be to bet on RV-focused ETFs. We believe that the outstanding ETFs focused on Virtual Reality Communication Services Select Sector SPDR Fund (XLC), VanEck Vectors Semiconductor ETF (SMH) and Global X Robotics & Artificial Intelligence ETF (BOTZ) could now be solid bets.

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