Got $5,000? 2 Top Growth Stocks to Buy That Could Double Your Money.
It's no secret that artificial intelligence (AI) is on target to create tremendous returns for investors that invest in the right stocks. If you have extra cash you don't need for paying bills or reducing debt, investing in companies serving the growing data center market could pay off in the next five years. Here are two stocks to buy now.To handle greater AI workloads, data centers require more memory and storage capacity. Micron Technology (NASDAQ: MU) is one of the leading suppliers of high-performance dynamic random access memory (DRAM) and non-volatile memory (NAND) products, which positions it well for this opportunity. The stock has doubled since 2022 but still trades around 15 times this year's earnings estimate.Micron supplies technology for several markets. Despite mixed results in automotive and smartphones, revenue increased by 84% year over year in the most recent quarter, with data center sales up 400% year over year and 40% over the previous quarter. Continue reading
It's no secret that artificial intelligence (AI) is on target to create tremendous returns for investors that invest in the right stocks. If you have extra cash you don't need for paying bills or reducing debt, investing in companies serving the growing data center market could pay off in the next five years. Here are two stocks to buy now.
To handle greater AI workloads, data centers require more memory and storage capacity. Micron Technology (NASDAQ: MU) is one of the leading suppliers of high-performance dynamic random access memory (DRAM) and non-volatile memory (NAND) products, which positions it well for this opportunity. The stock has doubled since 2022 but still trades around 15 times this year's earnings estimate.
Micron supplies technology for several markets. Despite mixed results in automotive and smartphones, revenue increased by 84% year over year in the most recent quarter, with data center sales up 400% year over year and 40% over the previous quarter.
