Why I Keep Buying These 14 Incredible Growth Stocks

Investing in individual growth stocks can be a rollercoaster ride, but the potential rewards can be substantial. Since the 2008 financial crisis, numerous growth stocks have significantly outperformed passive index funds.

Some standout performers have even delivered returns exceeding 1,000% in less than five years. Nvidia (NASDAQ: NVDA), the chipmaker at the heart of the artificial intelligence (AI) revolution, exemplifies this potential, turning a $10,000 investment into nearly $300,000 over the past 60 months.

Taiwan Semiconductor Manufacturing: Dominating chip production

Taiwan Semiconductor Manufacturing (NYSE: TSM) is the world’s largest contract chipmaker, supplying advanced semiconductors to tech giants globally. The company’s technological leadership and scale give it a significant competitive advantage in the growing semiconductor market.

Taiwan Semiconductor Manufacturing has outperformed the S&P 500 with an 84.8% year-to-date gain. The modest 3.7% upside projected by analysts underscores the company’s strong recent performance and crucial role in the global technology supply chain.

Don’t miss this second chance at a potentially lucrative opportunity

Ever feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this.

On rare occasions, our expert team of analysts issues a “Double Down” stock recommendation for companies that they think are about to pop. If you’re worried you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves:

• Amazon: if you invested $1,000 when we doubled down in 2010, you’d have $21,139!*

• Apple: if you invested $1,000 when we doubled down in 2008, you’d have $44,239!*

• Netflix: if you invested $1,000 when we doubled down in 2004, you’d have $380,729!*

Right now, we’re issuing “Double Down” alerts for three incredible companies, and there may not be another chance like this anytime soon.

See 3 “Double Down” stocks »

*Stock Advisor returns as of October 14, 2024

George Budwell has positions in Archer Aviation, Aspen Aerogels, CRISPR Therapeutics, GE Aerospace, Howmet Aerospace, Intuitive Machines, Joby Aviation, Kratos Defense & Security Solutions, Navitas Semiconductor, Nvidia, Palantir Technologies, Prime Medicine, Rocket Lab USA, Taiwan Semiconductor Manufacturing, and Toyota Motor. The Motley Fool has positions in and recommends CRISPR Therapeutics, Nvidia, Palantir Technologies, Taiwan Semiconductor Manufacturing, and Vertex Pharmaceuticals. The Motley Fool recommends Rocket Lab USA. The Motley Fool has a disclosure policy.

Why I Keep Buying These 14 Incredible Growth Stocks was originally published by The Motley Fool