The Smartest Growth Stock to Buy With $1,000 Right Now

Growth stocks have soared over the past two years, pushing the S&P 500 to record highs -- and this is thanks to a couple of things. First, investors are betting that technologies such as artificial intelligence (AI) and quantum computing will revolutionize how businesses operate, so they've piled into stocks present in these areas, growth stocks like Nvidia and Alphabet, just to name two examples. Second, investors are optimistic that a lower interest rate environment may support companies focused on growth and, therefore, have piled into these players.This momentum may continue for quite a while as the AI and quantum stories are in their early days and interest rates have just begun to decrease. This means now is a great time to add growth stocks to your portfolio because they may still have plenty of room to run. It's also important to remember that even if the market environment shifts and growth stocks stumble, quality players are still likely to boost your portfolio significantly over the long run.With this in mind, let's check out the smartest growth stock to buy with $1,000 (or even less) right now.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool