2 Brilliant Growth Stocks to Buy Now and Hold for the Long Term

Even as the overall market continues to rise to new record levels, opportunities remain if one looks carefully. There are still some brilliant growth stocks investors can buy, even as they trade near their highs. Let's look at two to buy and hold for the long term.Perhaps no stock is as well-positioned in the semiconductor space at the moment as Broadcom (NASDAQ: AVGO). While Nvidia is the clear market leader in artificial intelligence (AI) accelerators with its graphics processing units (GPUs), Broadcom is the company that large hyperscalers (companies that own large data centers) are increasingly turning to in an effort to find a cheaper alternative.While Broadcom makes a variety of chips and components, its biggest opportunity lies with what are called ASICs (application-specific integrated circuits). Unlike traditional chips that can be programmed, ASICs are preprogrammed for specific tasks before they are made. While this affords less flexibility, these chips often can better perform the tasks for which they were designed and consume less power in the process.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool