Investing $11,000 in AppLovin, MicroStrategy, and Carvana in 2023 could have generated over $1 million

From Nasdaq
January 25, 2025 8:05 AM:

Investing in growth stocks like AppLovin, MicroStrategy, and Carvana at the start of 2023 could have generated over $1 million in profits by the end of last year. AppLovin’s sales reached $3.3 billion in 2024, with a 43% increase year-over-year. MicroStrategy’s bullish strategy on Bitcoin has led to significant gains. Carvana also saw substantial growth, despite past financial struggles. However, caution is advised due to high valuations and risks involved.

AppLovin expanded into e-commerce, driving excitement for future growth. MicroStrategy holds 450,000 bitcoins and continues to add more, impacting stock valuation. Carvana, once facing bankruptcy, has rebounded with significant gains. Despite recent profitability, tight profit margins and economic uncertainties warrant caution in investing.

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Read more at Nasdaq.: Investing $11,000 Into Each of These 3 Growth Stocks in 2023 Would Have Generated Over $1 Million in Profit Today