Better Growth Stock: Tesla vs. Nvidia
Tesla (NASDAQ: TSLA) and Nvidia (NASDAQ: NVDA) have been big winners in the stock market over the past decade as shares of these high-growth companies have soared impressively thanks to the booming demand for their products. But the broader stock market sell-off has sent these stocks packing in recent months.
Nvidia stock is down close to 60% in 2022, and Tesla has slipped 40%. There could be more pain in the cards for them from surging inflation and macroeconomic headwinds. The Federal Reserve is expected to hike interest rates once again to get a handle on inflation, indicating that the stock market could remain under pressure in the near term. And there are concerns that the demand for Tesla's and Nvidia's products is sliding.
These factors could send shares of both companies lower in the short run. However, that could open an opportunity for savvy investors to buy these long-term winners on the cheap. So which growth stock should investors be buying?
Source Fool.com
