2 No-Brainer Growth Stocks to Buy in 2023
After a year when countless tech companies suffered significant declines in their stocks and earnings because of macroeconomic headwinds, 2023 has shown signs that the market is recovering. The Nasdaq-100 Technology Sector index has risen almost 8% since the start of the year, as many stocks have gradually trended upward. As a result, now is an excellent time to invest in growth stocks while they're still down year over year.
Because technology is constantly developing, the industry is a great place to hold an investment over the long term because it is likely to provide consistent gains.
Here are two no-brainer growth stocks to buy in 2023.
Along with numerous other growth stocks, Advanced Micro Devices (NASDAQ: AMD) was hit hard in 2022 by reduced spending on tech and rises in inflation. However, the dismal year hasn't hampered its stellar long-term prospects. Even with last year's sell-off, AMD's shares have increased 493% over the previous five years and almost 3,000% in the last decade.
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