Is It Too Late to Buy Apple Stock?
As the world's most valuable company with a market cap of $2.39 trillion, Apple (NASDAQ: AAPL) stock might seem well past the best time to buy. However, the tech industry is made up of dozens of solid growth stocks for a reason. It's a market that consistently has one eye on the future, with many companies in a constant state of development and innovation.
So while Apple's stock skyrocketed over 117,000% since it first went public in 1980, it's not too late to invest in the tech leader. Here's why.
Last year was challenging for the entire tech market, with the Nasdaq-100 Technology Sector index plunging 40% throughout 2022 as macroeconomic headwinds led to a decline in consumer demand. In the same period, Apple shares fell 27%, a more moderate decline than its peers, with Alphabet's stock sliding 39%, Nvidia's 50%, and Advanced Micro Devices's 55%.
Source Fool.com
