Inflation has been a significant concern for investors in recent times. As the economy reopens, inflation has been on the rise, and investors are looking for ways to protect their portfolios. One strategy that investors are turning to is investing in high-tech growth stocks. In this article, we will discuss two high-tech growth stocks that we believe are excellent investment opportunities in the current market.
NVIDIA Corporation (NVDA)
NVIDIA Corporation is a leading American technology company that designs graphics processing units (GPUs) for the gaming and professional markets, as well as system-on-a-chip units (SoCs) for the mobile computing and automotive markets. NVIDIA’s GPUs are used in a variety of applications, including gaming, artificial intelligence, and scientific research.
NVIDIA has been a top-performing stock in recent years, with a five-year average annual return of over 80%. NVIDIA has a strong balance sheet, with over $16 billion in cash and short-term investments and no debt. The company has also been growing its revenue and earnings at a rapid pace, with a five-year average annual revenue growth rate of over 20%.
NVIDIA’s growth prospects are excellent, with the company benefiting from the growth of several key markets, including gaming, data center, and automotive. The company is also well-positioned to benefit from the growth of artificial intelligence and machine learning, with its GPUs being used in many of the leading AI and machine learning applications.
Advanced Micro Devices, Inc. (AMD)
Advanced Micro Devices, Inc. is another leading American technology company that designs and manufactures microprocessors, GPUs, and other computer hardware. AMD’s products are used in a variety of applications, including gaming, data center, and personal computing.
AMD has been a top-performing stock in recent years, with a five-year average annual return of over 50%. The company has a strong balance sheet, with over $4 billion in cash and short-term investments and no debt. AMD has also been growing its revenue and earnings at a rapid pace, with a five-year average annual revenue growth rate of over 20%.
AMD’s growth prospects are excellent, with the company benefiting from the growth of several key markets, including gaming, data center, and personal computing. The company is also well-positioned to benefit from the growth of artificial intelligence and machine learning, with its GPUs being used in many of the leading AI and machine learning applications.
Conclusion
In conclusion, we believe that investing in high-tech growth stocks such as NVIDIA and AMD is an excellent strategy for investors looking to protect their portfolios in the current market. Both companies have excellent growth prospects, and strong balance sheets, and are well-positioned to benefit from the growth of several key markets. We recommend that investors consider adding these stocks to their portfolios to capitalize on their strong growth potential.