PANW - 3 Growth Beasts (Not Named Nvidia) That Have Been 10-Baggers Over the Past 10 Years
2024-07-18 04:55:00 ET
Nvidia 's business has been scorching hot over the past year as the rapid growth in artificial intelligence (AI) resulted in escalated demand for the company's chips. Enthusiasm over that demand helped generate life-changing returns for investors totaling more than 28,000% over the past decade. Given that its valuation has already climbed over $3 trillion, replicating this growth going forward is exponentially tougher. Luckily, for new investors, there are plenty of other good growth stocks to consider for the future beyond just Nvidia.
Three stocks with promising growth prospects that have generated 10x returns in the past 10 years include Microsoft (NASDAQ: MSFT) , Palo Alto Networks (NASDAQ: PANW) , and Advanced Micro Devices (NASDAQ: AMD) . Here's why these stocks can still be good buys in the years ahead.
For years, Microsoft has been one of the top tech stocks to own. It maintained that status by continuing to evolve over the years, branching into different industries. From computers to gaming to cloud computing and now AI, the company always seeks out new opportunities to get larger and more diverse. That's a quality investors should look for when choosing a growth stock.
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3 Growth Beasts (Not Named Nvidia) That Have Been 10-Baggers Over the Past 10 Years