Geoffrey Seiler, The Motley Fool
6 min read
In This Article:
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Companies like Nvidia, Broadcom, and TSMC are all set to continue to benefit from the AI infrastructure buildout.
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Meanwhile, companies like Amazon, Alphabet, Pinterest, and Palantir are using AI to drive growth within their businesses.
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Philip Morris, Dutch Bros, and e.l.f Beauty all have strong growth opportunities ahead in the consumer space.
While some volatility has reentered the market due to rising hostilities in the Middle East, this can still be a good time to invest in some growth stocks for the long term.
Let's look at 10 monster growth stocks to buy for the long haul.
Nvidia (NASDAQ: NVDA) has been one of the market's biggest winners, as its graphics processing units (GPUs) have become the backbone of artificial intelligence (AI) infrastructure. That should continue as its CUDA software program has created a wide moat, helping it attain a 92% market share in the GPU space in the first quarter. With AI infrastructure demand continuing to rise, Nvidia is well-positioned for years of continued growth.
Biggest risk: A slowdown in AI infrastructure spending.
While Broadcom (NASDAQ: AVGO) is seeing strong growth from its networking portfolio, its biggest opportunity lies in helping customers develop custom AI chips. It projects that its three furthest along customers in this area will be a $60 billion to $90 billion market opportunity in fiscal 2027 alone. Meanwhile, it has added other big customers since then, including Apple.
Biggest risk: A slowdown in AI infrastructure spending.
Taiwan Semiconductor Manufacturing (NYSE: TSM) is the world's leading contract semiconductor manufacturer, producing chips for companies like Nvidia and Broadcom. Its technological expertise and scale have made it an invaluable part of the semiconductor value chain, allowing it to increase prices and expand margins. As AI infrastructure spending and other chip consumption grows, TSMC is set to be one of the biggest winners in the years ahead.
Biggest risks: A slowdown in AI infrastructure spending and/or Intel being a more viable competitor.
Originally a data-gathering and analytics company serving the U.S government, Palantir Technologies' (NASDAQ: PLTR) AI platform (AIP) has been gaining strong momentum in the U.S. commercial sector. The platform helps organizations gather data from a variety of sources and organize it into an "ontology" that connects the data to real-world assets and processes. This allows its customers to then use AI to solve complex, real-world problems. AIP is being used in a wide array of industries, which gives Palantir a huge growth runway ahead.
