2 Red-Hot Growth Stocks to Buy in 2023 and Beyond

As 2023 winds down, the stock market's narrative has been anything but dull. Following a buoyant 2021 and a challenging 2022, this year has seen a tentative yet notable recovery. The S 500 (SNPINDEX: ^GSPC) market index is up by 21% year to date, essentially reversing last year's 19% drop. The tech-heavy and more growth-oriented Nasdaq Composite (NASDAQINDEX: ^IXIC) has gained 29% in 2023, which also was just about enough to patch a 33% haircut in 2022.

Key to this turnaround has been the cooling inflation crisis and the ongoing boom regarding artificial intelligence (AI). The game-changing ChatGPT chatbot got the party started in November 2022, and pretty much every tech company has reworked their business strategy to take advantage of this incredible opportunity.

In this environment, it's wise to look toward growth stocks with solid foundations in technology. The economic recovery isn't complete yet and the AI surge is just getting started. So let me show you two stocks that not only show promise for robust growth at the tail end of 2023 but also hold potential for sustained success in the years to come.

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Source Fool.com