These chips are deployed in personal computers and laptops for gaming. Nvidia, on the other hand, is the leading player in the discrete graphics card market. Analysts are currently anticipating 9.5% annual earnings growth from Apple for the next five years, but it wouldn't be surprising to see it grow at a faster pace thanks to multiple catalysts. Throw in other catalysts such as the services business, Apple's move into nascent but potentially lucrative areas such as the metaverse and self-driving cars, and its growth could improve in the long run.

With global 5G mobile subscriptions expected to hit 4.4 billion in 2027 from an estimated 1 billion this year, Apple's largest product line seems to have a bright future ahead. Android users are switching to iPhones, and the company's installed user base is also upgrading to its new devices. The higher prices of 5G smartphones are playing in Apple's favor. That slight increase has come at a time when overall smartphone shipments have contracted 8.8% year over year during the same period. Apple has shipped 101 million iPhones in the first six months of 2022, up slightly from 99.7 million units in the same period last year. It led the 5G smartphone market in 2021 with a 31% share, according to Strategy Analytics, and seems to have sustained its dominance in 2022 as well. Apple and Nvidia have solid long-term growth potentialĪpple and Nvidia operate in markets that have impressive long-term growth potential and both companies are dominant players in their respective sectors.Īpple, for instance, is benefiting from the rapid adoption of 5G smartphones. Let's look at the reasons why buying these companies looks like a good idea amid the market sell-off. However, stock-split stocks such as Apple and Nvidia are coincidently great buys considering the opportunities they are sitting on and their valuations.

That could lead to an increase in demand for a company's shares, and send the price higher.Ī stock split shouldn't be the sole reason to buy shares in a company. But it does make shares more accessible to a wider pool of investors. This move doesn't change the prospects of a company or its intrinsic value. A stock split is more of a cosmetic move that simply increases the number of shares outstanding while reducing the price proportionally.

Nvda stock split 2022