Got $5,000? These 2 Growth Stocks Are Smart Buys
The tech industry is booming after macroeconomic headwinds triggered a marketwide sell-off in 2022. Advances in different areas of tech have made Wall Street bullish, with many stocks enjoying healthy recoveries since Jan. 1.
Artificial intelligence (AI) has become a particularly attractive growth sector, with the market projected to expand at a compound annual growth rate of 37% through 2030. Meanwhile, many of tech's biggest companies are rushing to join the industry as they strive to benefit from its development. Advanced Micro Devices (NASDAQ: AMD) and Amazon (NASDAQ: AMZN) are two compelling options, with both investing heavily in their AI offerings.
It's still relatively early days for AI, suggesting it likely won't require tens of thousands of dollars to significantly profit from the market's long-term growth. So, do you have $5,000 to invest? If so, here are two growth stocks that make exceptionally smart buys this year.
Source Fool.com
Advanced Micro Devices Inc. Stock
With 88 Buy predictions and 2 Sell predictions Advanced Micro Devices Inc. is one of the favorites of our community.
As a result the target price of 178 € shows a positive potential of 25.81% compared to the current price of 141.48 € for Advanced Micro Devices Inc..
