2 Red-Hot Growth Stocks to Buy in 2022 and Beyond

The stock market has given investors a difficult time in 2022, which is evident from the 10% decline in the S&P 500 so far. But this is also an opportunity for savvy investors to buy shares of some solid companies at attractive valuations.

Amazon (NASDAQ: AMZN) and Advanced Micro Devices (NASDAQ: AMD) are two such companies that have borne the brunt of the stock market sell-off. Amazon stock is down 14% so far in 2022, while shares of AMD are down 30%. However, the tech giants have been in rally mode since the beginning of July thanks to the broader stock market recovery.

Amazon stock has gained 31% since the beginning of last month, while AMD is up 37%. I think it's a good idea for investors to buy these hot growth stocks now, as they could head higher in 2022 and beyond. Let's look at the reasons why.

Source Fool.com