2 Explosive Growth Stocks to Buy in 2023 and Beyond
Macroeconomic headwinds last year caused steep declines across the tech sector as reductions in consumer spending hampered quarterly results. However, tech stocks have returned to favor in 2023, alongside easing inflation. As a result, now is an excellent time to fill up on tech stocks that have massive potential over the long term before they rise any higher.
Companies active in innovative industries like artificial intelligence (AI) and consumer tech can be an excellent way to ensure consistent gains over many years. In fact, market leaders Advanced Micro Devices (NASDAQ: AMD) and Apple (NASDAQ: AAPL) have enjoyed stock growth of about 79% and 47%, respectively, since Jan. 1 as investors have noted their long-term potential.
Despite their stocks' monster growth this year, AMD and Apple have positions in multiple high-profit industries that suggest they're not done rising yet. So, here are two explosive growth stocks to buy in 2023 and beyond.
Source Fool.com
Advanced Micro Devices Inc. Stock
The stock is one of the favorites of our community with 87 Buy predictions and 2 Sell predictions.
With a target price of 176 € there is a positive potential of 30.99% for Advanced Micro Devices Inc. compared to the current price of 134.36 €.
