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.
But 2022 has been terrible for the chipmaker thanks to an oversupply in the graphics card market that has dealt a body blow to its gaming business.Ī stock split is more of a cosmetic move that simply increases the number of shares outstanding while reducing the price proportionally. Nvidia's stock price also took off following its 4-for-1 split on July 20, 2021. The company's share price is up 29% since the stock started trading on a split-adjusted basis, beating the S&P 500 handsomely despite the recent volatility in the market. It's been two years since Apple executed its 4-for-1 stock split on Aug. Stock splits have gotten a lot of attention this year with several prominent companies deciding to take this step in a bid to, among other things, make their share prices more attractive for retail investors.Īpple (NASDAQ: AAPL) and Nvidia (NASDAQ: NVDA) are two companies that initiated stock splits relatively recently.
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