From Nasdaq: 2024-06-05 06:45:00

The stock market is seeing a divide between growth and stagnation. Tesla stock is down 30% while Toyota’s is up 17%. Some growth stocks are soaring, with Deckers Outdoor rising 128% in the past year. The company reported record financial results and forecasts 10% revenue growth for the full year.

Advanced Micro Devices (AMD) is rated as a top growth stock, challenging Nvidia in AI microchips. AMD unveiled new AI chips at a conference, with Ryzen 9000 series for desktops and Ryzen AI 300 series for laptops. Analysts rate the company’s shares a Strong Buy.

MicroStrategy (MSTR) is gaining from its Bitcoin strategy, holding 214,400 Bitcoins worth almost $15 billion. MSTR stock has risen 453% in the last year, with over 1,000% growth in the past five years. Despite some skepticism, founder Michael Saylor remains confident in the company’s crypto bet.

Read more at Nasdaq: Growth Stock Grandees: 3 Picks That Will Elevate Your Portfolio’s Social Standing