Few seasoned “pros” on Wall Street would make the connection between radio frequency chips and coronavirus testing gear.

After all, these specialized chips help smartphones connect to the wireless Web and cellular networks.

This is where it pays to follow someone like me who knows how to score massive gains on tech gems hiding in plain sight.

And that is exactly what we’re going to do with this chip firm more widely known as a key Apple Inc. (AAPL) supplier.

Indeed, this is a great “twofer” getting exactly zero buzz from Big Media.

Image Source: Unsplash

First, we profit from the smash success Apple is enjoying with its highly regarded iPhone 12. That gives us an inside edge on the $715 billion smartphone market.

Second, we make money on the $176 billion global medical testing sector with a strong coronavirus hook.

It’s no wonder that this savvy chip leader just improved its earnings by 300%.

Let me show you why that’s just the beginning…

The Apple Tree

Now then, I’d like to clear up one key fact right off the bat.

Wall Street and the media have given the chip firm I have in mind lots of attention as an Apple supplier.

And that’s a good thing. After all, in its most recent quarterly earnings, Apple blew expectations out of the water by reporting a massive 54% increase in revenues.

It was the best quarter in Apple’s history, thanks to soaring sales of iPhones, MacBooks, and iPads.

Far from being hurt by COVID, Apple has massively benefitted from the work-from-home trend. Millions of workers across the world suddenly had to work without their company-supplied office devices, and so bought new ones – much of them from Apple.

The company now looks to make almost one-third more this year than last. Of course, to fuel these record sales, Apple has to increase production.

Which is great for its suppliers, especially ones that make parts for the iPhone 12.

And you’d be hard-pressed to find a more important supplier of iPhone 12 parts than Qorvo Inc. (QRVO), a leading maker of radio-frequency chips that enable wireless connectivity, including 5G.

5G Connectivity

The iPhone 12, remember, is the first iPhone to support the new 5G wireless standard.

But these iPhones, as well as Apple’s new MacBooks and iPads, also support the new Wi-Fi 6 standard, for which Qorvo also makes chips.

See, modern wireless communications are fast and convenient. But that’s only possible because of the microchips in all of our devices.

Every signal has to go through power amplifiers and filters that clean out the right signal from noise. We’re also talking power management chips that balance signal strength with bandwidth requirements and battery life, and much more.

All that is done in tiny microchips embedded in our smartphones, tablets, laptops, Internet of Things devices, you name it.

And those kinds of connectivity chips are exactly what Qorvo designs and makes for consumer devices such as Apple’s. Not only that, but it supplies chips for the wireless towers, antennas, and other commercial devices that make our gadgets work.

Not only does that make Qorvo an outstanding investment as 5G wireless connections take over as the new standard in cellular data connections, it’s also going to lead to a whole new wave of profits for companies that rely on these connections.

I’m projecting these 5G aftershocks could be worth as much as $1.4 trillion in all, and I have no less than 20 companies in mind that I believe could each return 1,000% within 8 months.

Breakthrough Biotech

That’s not to say Qorvo is just a wireless play. Far from it.

Qorvo also has a biotech division that gets little attention amid the focus on the firm’s business with Apple.

Here, Qorvo uses microchips to analyze patient samples using sound waves and aims to diagnose diseases within 20 minutes.

This biotech testing unit is a growth business with a revenue stream independent of Apple and smartphones in general. The firm recently got FDA approval for a rapid testing platform currently focused on detecting coronavirus.

The device itself is small and light enough to be portable. It means test swabs can go straight from people into the machine to provide rapid results.

I believe this is a great business to have because experts now say we may have one or more strains of COVID with us through at least 2022. In other words, demand for testing isn’t going away any time soon.

Outlook for Profit

Meanwhile, Qorvo also gives us hooks in electric vehicles and defense. The company provides high-speed, high-efficiency systems for electric vehicle charging stations as well as radar, communications, and electronic jamming systems for the military.

Qorvo’s expertise even extends beyond Earth. See, NASA’s Perseverance lander, which recently landed on Mars, used Qorvo’s chips in its radar system.

It was this radar that made Perseverance deploy its rockets and parachute landing system at the right altitude, making the landing successful.

It also goes to show just how reliable and sturdy Qorvo’s chips can be.

The firm also just posted some great earnings. Wall Street analysts expected adjusted per-share earnings of $2.43 and revenues of $1.04 billion.

Qorvo instead made $2.74 per share, with sales coming in at $1.07 billion.

The company also raised guidance to $2.45 a share, much higher than the $2.16 that Wall Street had forecast.

Now then, that 76% gain in sales last quarter was four times larger than the firm’s three-year average.

With that in mind, I think Qorvo can grow earnings at 24% a year, meaning they will double in just three years.

Add it all up and you can see that Qorvo touches on wide swaths of the global high-tech ecosystem.

And these multiple earnings streams will greatly support a stock that can really help you add to your net worth over the long haul.