The stock market has been on a tear this year, with the S&P 500 up 17% year to date. While many stocks have seen impressive gains, there are three growth stocks that have outpaced the market and are still worth buying today.
First up is Microsoft (NASDAQ: MSFT), which has been making significant strides in the artificial intelligence (AI) space. The company’s investments in AI, particularly through its partnership with OpenAI, have already started to pay off. With AI features being integrated into its products like Word, Excel, and PowerPoint, Microsoft is well positioned to capitalize on the growing demand for AI technology.
Next is Apple (NASDAQ: AAPL), which recently announced its foray into AI with the unveiling of Apple Intelligence. This move is expected to strengthen Apple’s ecosystem and drive upgrades to newer devices. Additionally, the potential for AI-related services to become part of a subscription model could further boost Apple’s services segment, which is already a significant revenue driver for the company.
Lastly, Texas Instruments (NASDAQ: TXN) may not be as flashy as some of the high-end semiconductor companies, but it plays a crucial role in the industry. The company manufactures a wide range of chips that are essential for everyday products, from microwaves to car entertainment systems. Despite experiencing a downturn in the semiconductor industry, Texas Instruments remains a solid business with long-term potential.
Investors looking to capitalize on the growth potential of these companies should consider the advice of The Motley Fool Stock Advisor analyst team, which has identified the 10 best stocks for investors to buy now. While Microsoft may not have made the cut, the recommended stocks have the potential to deliver significant returns in the coming years.
Overall, these three growth stocks have strong competitive positions and are well positioned to continue delivering value to investors well into the future.
