3 Growth Stocks to Buy and Hold Forever
Yahoo Finance ·
The idea of buying and holding stocks forever can feel a bit cliché at times. The reality is that it's extraordinarily difficult to find stocks worthy of permanent spots in your portfolio. It's even more challenging when you apply that to growth stocks, which investors often find in emerging industries where it's uncertain which companies will lead or for how long. That said, there's no harm in doing the exercise. After all, there aren't any rules against selling later on if things don't work out. In the meantime, this mindset will hone your focus on looking for the very best companies the market has to offer. Ready to start? Already ahead of you. Nvidia ( NVDA +0.62% ) , Microsoft ( MSFT +0.59% ) , and Meta Platforms ( META +2.59% ) jump off the page as entrenched tech stalwarts with significant artificial intelligence (AI) growth potential, which might ultimately be one of the biggest investment opportunities of this generation. Once the data center supercycle began, Nvidia's graphics processing units (GPUs) quickly became the de facto chips for training AI models. That continues and has made Nvidia the world's largest tech company in the process. Although competition from custom silicon chips has crept in, it hasn't derailed Nvidia's blistering growth. CEO Jensen Huang has noted that Nvidia anticipates more than $1 trillion in orders through next year for its flagship Grace Blackwell and upcoming Vera Rubin chip platforms.
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