Two elite growth stocks, Nvidia and Microsoft, offer strong potential for long-term investors

From Nasdaq: 2024-07-04 03:45:00

Nvidia (NASDAQ: NVDA) has seen its market cap triple in the last year as demand for its highest-end chips for AI models grows. With 86% of revenue coming from data centers, Nvidia’s opportunity in AI is just beginning, with potential to see outstanding returns for investors over the next few years.

Microsoft (NASDAQ: MSFT) is leveraging its investment in OpenAI to power new features across its products, driving revenue growth. With AI-powered tools like Copilot boosting productivity, Microsoft continues to deliver market-beating returns. Earnings per share grew by 20% in its most recent quarter, with long-term growth prospects strong for investors.



Read more at Nasdaq: 2 Elite Growth Stocks to Buy and Hold for the Next Decade