From Nasdaq: 2024-11-05 09:06:00

The computer micro industry is facing challenges due to waning demand for consumer PCs and geopolitical issues. However, Apple and Dell are benefiting from steady demand for enterprise devices like laptops and smartphones. The availability of 5G-enabled smartphones and AI-infused devices are driving growth for industry participants.

Key trends in the industry include strong enterprise adoption, impressive form factors driving demand for smartphones and tablets, and AI-enabled PCs boosting demand. The industry is also seeing growth in healthcare features for wearables and the proliferation of high-end smartphones due to improved graphics quality.

The Zacks Computer – Micro Computers industry has underperformed the broader sector and S&P 500, with a P/E ratio of 26.32X compared to the sector’s 26.13X and the S&P 500’s 21.71X. Apple’s services segment growth and Dell’s demand for AI servers are driving their stock performance, with Apple gaining 15.8% and Dell gaining 71.1% year to date.

Zacks experts have identified a company targeting millennial and Gen Z audiences with nearly $1 billion in revenue last quarter. The company is predicted to have explosive upside potential, making it an ideal pick for investors. This opportunity could surpass previous Zacks’ Stocks Set to Double like Nano-X Imaging, which saw a +129.6% increase in less than 9 months.



Read more at Nasdaq: Zacks Industry Outlook Highlights Apple and Dell Technologies