19.12.2024 14:25:00
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Investing in These 2 Top Growth Stocks Would Be a Brilliant Move
Growth stocks are back in style these days. Several well-known ones are crushing the market while riding the wave of the artificial intelligence revolution (AI). However, plenty of growth-oriented companies outside of AI are worth investing in. Industries such as e-commerce and fintech have terrific prospects, too, and the leaders in these spaces could deliver outsize returns over the long run.Let's consider two growth stocks -- one in each industry -- that look like excellent buys: Shopify (NYSE: SHOP) and Adyen (OTC: ADYE.Y).Shopify, a company that helps companies create online storefronts, is firing on all cylinders. Since it exited the logistics business last year, Shopify's business has looked stronger. The sale of its logistics unit did hurt revenue growth (it's one less source of revenue) for a while, but even in this category, the company is performing well. In the third quarter, Shopify's top line increased by 26% year over year to $2.2 billion.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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