Shares have skyrocketed, and it's hard not to remain optimistic.

Warren Buffett might have built his empire by adopting the philosophy of value investing. However, that's not the only way to allocate capital, despite the success that it may lead to.

Some investors like to own companies that show immense potential when it comes to rapidly increasing their revenue and profits. Finding these businesses could lead to huge returns. Of course, they must have strong competitive positions that support their staying power.

With that being said, here's the smartest growth stock to buy with $1,000 right now.

Lifted by the AI boom

We're in the midst of a technological revolution, one driven by artificial intelligence (AI). And there's no company that has gained more from this trend than

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