apple (NASDAQ:AAPL) and meta platform (NASDAQ: META) is one of the largest companies on the stock market. Both have produced outstanding returns over the past decade or so.
The good news for investors is that these tech leaders still have plenty of growth momentum and could beat the market again over the next five years (and beyond).
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Read on to learn more about these monster stocks.
Some investors have been skeptical of Apple in recent years. The company’s sales growth isn’t what it once was because its most important growth driver, the iPhone, isn’t as exciting as it once was.
There are also issues related to tariffs and concerns that Apple is not leveraging artificial intelligence as fully as some of its similarly sized tech peers.
Still, there are good reasons to hold Apple stock through 2031. The company’s latest financial results suggest the iPhone can still drive significant sales growth. Apple has returned to double-digit revenue growth thanks to the latest iPhone 17 and all the features it offers, including artificial intelligence-driven features.
Over the next five years, the company should make significant progress in adding artificial intelligence capabilities to its devices, from iPhones to wearables, which could boost demand and sales for these products. At the same time, the company continues to grow its installed base, which now has more than 2.5 billion active devices. This number should increase over the next five years as the company’s services revenue grows.
This higher-margin segment will help improve the company’s bottom line and margins as it accounts for a higher proportion of its revenue. These opportunities and more could position Apple for superior returns, at least for investors who hold on to the stock despite the headwinds.
Meta Platforms has been investing heavily in artificial intelligence. So far, the company’s efforts have begun to bear fruit.
Thanks to a variety of AI-driven initiatives, including recommendation algorithms across websites and apps, as well as tools that help companies deliver ads seamlessly, Meta Platforms has increased engagement on its apps and boosted campaign ROI. The company is still working on it and should make significant progress by 2031.
At the same time, Meta’s growing user base will help strengthen its ecosystem and make it a more attractive hub for advertisers.
