From Nasdaq: 2024-06-05 09:05:00

A well-timed investment can create millionaires in the stock market, but quality is more important than timing. Stocks like Nvidia, Qualcomm, and Robinhood have rallied between 43% and 133% this year. Nvidia could become the world’s largest company by 2024 with its skyrocketing sales thanks to the AI revolution.

Qualcomm has also been performing well, hitting all-time highs with its focus on AI chips. Revenue for the first half of fiscal 2024 came in at $19 billion, up 3% from the previous year. With an estimated CAGR of 38% for AI chips through 2032, Qualcomm’s growth potential remains strong despite its rising stock price.

Robinhood Markets is on a winning streak, with a $1 billion share repurchase program showcasing confidence in its future. The company doubled retirement assets under management from $4 billion to over $8 billion in just two months. Analysts predict 11% annual earnings growth, but this could be a conservative estimate if Robinhood’s momentum continues.

While the NASDAQ Composite Index has performed well this year, it may not be the best investment choice according to The Motley Fool Stock Advisor team. They’ve identified 10 top stocks that could produce substantial returns in the future. With the right guidance, stock picks, and a solid blueprint for success, investors can achieve significant growth in their portfolio.



Read more at Nasdaq: Up 43% to 133%, Is It Too Late to Buy These 3 Stocks?