10 Valuable Stocks That Could Be the Next Apple or Amazon

what is the next apple stock

Some Apple supporters might have hoped that the business would stay on course with its plan to launch an autonomous vehicle. The global car market is a massive industry that could’ve moved the financial needle for Apple, but I guess we’ll never know what could’ve been. Some analysts feel that the regulatory issues with the App Store have been overblown and that even though the services revenue has dropped in 2022, it should go up in 2023. For a simpler approach, you can review Q.ai’s Inflation Kit or Emerging Tech Kit. Q.ai takes the guesswork out of investing by using artificial intelligence to scour the market for the best investments for all risk tolerances and economic situations. Then, it bundles them into Investment Kits that make investing more straightforward and strategic, all done for you.

Musk expects the solar energy business to become as large as the automotive business and has forecast a 50 percent delivery growth CAGR of electric cars for the next few years. Its Autopilot prices are also expected to rise gradually, which would increase the margins https://www.day-trading.info/ and earnings and help the company become the next Apple stock. First, we should understand that Apple isn’t only about its market cap, which is currently at $2.55 trillion and would make the company the world’s eighth-largest economy if it were a country.

what is the next apple stock

The company also produces chip sets that power everything from robotics to self-driving cars. As all of these AI-adjacent industries are hot growth areas, Nvidia seems likely to continue at its torrid pace. In the last few quarters, the e-commerce stock has been dealing with a much more challenging environment than it faced in the height of the pandemic. Under these circumstances, growth has slowed, and Shopify has had to take measures to cut costs. As the company’s name change suggests, it has been moving deeper into blockchain applications, and it also moved into the “buy now, pay later” segment of fintech. If the company can get all of its ducks in a row, it could end up being the dominant player in the industry.

Apple stock opened at $134.35 on Dec. 22, which means that stock is currently down about 27% for the year as many major companies have seen shares drop due to macroeconomic factors. Apple’s stock has a 52-week high of $182.94 and a low of $129.04, with analysts expecting it to hit $176.45 within a year. Nvidia has exposure to high-growth themes like autonomous vehicles, gaming, metaverse, and blockchain. It has been growing much faster than its peers and markets rewarded it with premium valuations. Nvidia is also an innovation leader, which makes it a worthy contender to become the next Apple stock.

It’s also about innovation, the brand, and the ability to please both consumers and investors. There have been instances when Apple lost the top market cap slot, to Saudi Aramco for instance in 2022. However, when we talk about the next Apple stock we don’t exactly think of Aramco. Launched in 2007 for the first time, the iPhone is the single product that made Apple the global cultural and business icon that it is today.

Recent news surrounding Apple

In a clear sign of the times, even the largest company in the world has seen its shares drop by over 25% during a challenging year for the stock market. We will continue to monitor how the situation plays out with Apple as the company faces the same macroeconomic headwinds that every other major global player has to deal with. Tesla is a play on both green energy and tech, given its software capabilities. Given its exposure to high-growth industries like EVs, solar energy, energy storage, and autonomous driving, Tesla is possibly the best placed to become the next Apple stock. The Brazil-based payment processing company provides a cloud-based technology platform to assist businesses with their electronic commerce needs. With Elon Musk at the helm of affairs, Tesla could be a worthy competitor to snatch the top slot from Apple.

  1. Overall, it looks unlikely that a Chinese company will become the next Apple, at least over the next few years.
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Even though Apple brings in most of its revenue from selling its popular products, the services business segment has been growing lately. For the fiscal year 2022, which ended on Sept. 24, 2022, Apple reported that revenue from services reached $78 billion, which is an increase of 14% year over year. It’s also expected that the company will increase its revenue from services if certain new offerings are added next year. New augmented reality technology would come with additional service options for customers that would generate additional revenue. Supply chain issues and soaring inflation have both continued to hurt many companies as consumers are nervous about a possible recession in 2023.

And it continues an impressive track record of this tech behemoth outpacing the broader market. As we head into 2023, there are a few key things that we’ll be paying attention to that could possibly significantly impact the stock price for Apple. Nvidia is another stock that has the potential to become the next Apple. While Nvidia stock has come off its 52-week highs and lost the title of the world’s most valuable semiconductor company, one can never write it off. The stock has delivered CAGR returns of 47 percent over the last 10 years, which looks astonishing.

Alphabet also has exposure to autonomous driving with its Waymo subsidiary. As the global economy continues to digitize, Alphabet is one stock that would stand to benefit. The company has a reasonable chance of challenging Apple’s dominance at the top and could become the next Apple stock if things go well. Docusign’s stock started getting pummeled in late 2021 due to a variety of factors. In addition to the general trend of rising interest rates hurting growth stock multiples, analysts and investors alike jumped ship over worries that Docusign’s growth would fall off when the pandemic ended. Shares are down more than 80% from their all-time highs, as investors have been disappointed with results over the last year and a half, and growth stocks in general have gotten hammered.

These three companies that could be the next Apple stock.

Analysts are naturally very bullish about this idea, as this could be a real game changer. Some analysts feel the company could move 500,000 units at $2,000 a piece next year. It came out that the Paris Commercial Court fined Apple 1 million euros for abusive commercial clauses imposed on French app developers for them to access the popular App Store. While this figure is not even a speeding ticket for a company worth trillions of dollars, it has opened eyes to Apple’s practices when it comes to the exclusive App Store.