Summary: Qualcomm, Coinbase, and Nvidia are rising with strong catalysts driving their growth trajectories.

From Nasdaq: 2024-06-21 08:37:44

The stock market may not see any Federal Reserve interest rate cuts until next year due to higher-than-expected industrial production in May. However, some growth stocks like Qualcomm, Coinbase, and Nvidia are still rising with strong catalysts driving their growth trajectories. Qualcomm’s Snapdragon 8S Gen 3 chip supports AI and may see a price hike of 25-30%, while Samsung’s partnership could lead to higher growth. Coinbase offers a secure platform for buying, selling, and storing crypto, making it a practical choice for investors looking for crypto exposure. Nvidia’s rise as the most valuable stock on the market is driven by AI technology advancements and continuous innovation, making it a premier growth stock to buy now.

Read more at Nasdaq: 3 Growth Stocks to Buy Now: June 2024