Investing in the stock market is an excellent way to build lasting wealth over the long term. By leveraging the power of compounding returns, you can grow your nest egg into a significant amount of money for retirement or other financial goals in mind.

There are many approaches to investing, but one popular option is investing in growth stocks . These stocks tend to be fast-growing companies that are disrupting industries, leveraging technology, or tapping into previously underserved markets.

If you're looking for growth stocks and have $1,000 to invest, here are three excellent businesses to invest in today.

Alphabet

Alphabet ( GOOG +1.02% ) ( GOOGL +0.99% ) has a wide-ranging business, including Google Search, digital advertising, YouTube, Android, Google Cloud, and mo

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