Cash App has become a popular investing platform for beginners looking to dip their toes into the stock market. With its user-friendly interface and zero commissions, Cash App makes buying stocks easy and affordable. But with thousands of stocks to choose from, it can be overwhelming figuring out which are the best to invest in. Here’s a look at some of the top performing stocks available on Cash App that are worth considering for your portfolio.
Square – The Fintech Leader Behind Cash App
Square (SQ) is the fintech company that owns and operates Cash App. The app was launched in 2013 as a peer-to-peer payment service and later expanded into stock trading and bitcoin purchases. Square itself has been a top performing stock over the past 5 years, with shares up over 700% thanks to the popularity of Cash App and its Seller business. The company continues to innovate in digital payments and commerce and invests heavily in bitcoin. As the owner of Cash App, Square is a natural stock to invest in.
Apple – Tech Giant with Loyal Customers
Apple (AAPL) is one of the most well-known and valuable companies in the world. Its iPhone revolutionized the smartphone industry and became a cultural icon. Apple has a devoted customer base and ecosystem of products including Macs, iPads, AirPods and more. The company generates substantial cash flow to fund new innovations like augmented reality and autonomous vehicles. Apple stock is a core long-term holding for many investors given its track record, brand loyalty and growth opportunities.
Microsoft – Pioneer in Software and Cloud Computing
Microsoft (MSFT) is a tech leader best known for its Windows operating system and Office productivity suite. But nowadays Microsoft generates significant revenue from its cloud computing platform Azure and subscriptions like Office 365. The company is expanding into new technologies like artificial intelligence. With a solid balance sheet and diversified product lineup, Microsoft is positioned for continued growth and income generation for shareholders.
Advanced Micro Devices – Major Player in Semiconductors
Advanced Micro Devices (AMD) manufactures processors and related components for the computing and graphics markets. It has benefitted from strong demand for PCs, gaming consoles, data centers and other electronics. AMD has captured market share from competitors with its Ryzen, EPYC and Radeon chip offerings. With semiconductors critical to innovation across industries, AMD is poised to capitalize on new opportunities like AI, machine learning and the metaverse.
NVIDIA – Leading Producer of Graphics Processing Units
NVIDIA (NVDA) develops graphics processing units (GPUs) and system-on-a-chip units (SOCs) for gaming, data centers, autonomous vehicles and more. Its technology powers immersive virtual worlds and AI applications. The company dominates discrete desktop GPUs with an over 80% market share. NVIDIA is expanding into new industries which provides significant growth runway for the stock. Investors have been rewarded in recent years as NVIDIA stock has risen over 1,300%.
Cash App makes investing accessible for millions of users. Stocks like Square, Apple, Microsoft, AMD and NVIDIA have been top performers and continue to drive innovation in fintech, tech hardware and semiconductors. By choosing strong companies available on the Cash App platform, investors can build a resilient portfolio.