9 Best Growth Stocks for the Next 10 Years

One of the most recent tech stocks to join the $1 trillion club, chipmaker Nvidia is at the center of a host of high-growth trends from artificial intelligence to electric vehicles to cryptocurrency mining.

After the S&P 500 rose by about 26% in 2023, many investors are starting to get over previous trepidation about interest rates or inflation and once again pursue “risk-on” investing.

Generally, there are two kinds of companies: value-oriented companies that are characterized by stability and low risk, and growth-oriented names that can be a bit more aggressive but potentially deliver bigger returns if they achieve their goals. And while many investors were leaning toward “risk-off” value stocks or even interest-bearing assets like bonds and certificates of deposit last year, a strong performance for riskier growth-oriented stocks left many of those portfolios in the dust – and underperforming investors are rethinking things as a result.

The following seven stocks are good places to start if you’re looking for growth in the coming year. That’s not because they are riding short-term fads, but because these are companies riding much longer growth trends.

There are no sure things on Wall Street, of course. But even if things go south in 2024, these nine growth stocks will likely be putting up strong numbers anyway and eventually come out on top in the long run: