If you’re looking to add some high-growth stocks to your portfolio, there is a trio of options I’ve been eying that look like an excellent addition. These are some of the fastest-growing stocks on the market, and their growth routes vary, which is important for portfolio diversification.
The three stocks I’m recommending are Nvidia (NASDAQ: NVDA), Micron Technology (NASDAQ: MU), and Nebius Group (NASDAQ: NBIS). These three stocks are some of the fastest-growing stocks available, and all are great buys now.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a “Double Down” signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same “Total Conviction” signal is flashing for a company 1/100th the size of Nvidia. Continue »
1. Nvidia
Nvidia may be a bit of a surprise, considering it’s the world’s largest company by market cap. But it just grew revenue by 106% year over year in its previous quarter. That shows demand for its GPU computing products remains high, and that any company involved in AI is utilizing Nvidia’s products.
However, its growth isn’t expected to slow down anytime soon. CFO Colette Kress dropped a bombshell during the Q2 earnings call that management expects 70% revenue growth in the next fiscal year. While that’s just guidance, Nvidia has proven quarter after quarter that it tends to exceed its internal projections.
Even if Nvidia meets its 70% growth expectations, that’s an incredible growth rate for the world’s largest company. Despite this growth, Nvidia’s stock valuation remains cheap, trading at an attractive 23.4 times forward earnings.
That’s valuation is near an historical low for Nvidia’s stock, and getting a company growing that fast at that valuation is rare. As a result, it makes for a strong stock to buy now.
2. Micron Technology
Micron manufactures memory chips, which go into semiconductor chipsets like Nvidia’s GPUs. There are also other use cases for memory chips in a data center, and the high demand for these products has constrained supply. This has caused memory chip prices to skyrocket, and companies like Micron are practically the only ones benefiting. Micron investors should also profit from rising prices, and the company’s growth is nothing short of incredible.
Micron reports Q4 results on Sept. 30, and the average Wall Street analyst expects 348% revenue growth year over year. For fiscal year 2027 (ending August 2027), analysts expect an additional 85% growth. Those are some incredible growth rates, and could be low projections if the memory chip shortage worsens.