This stock, an AI player, may be at the start of its growth story.
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