A Bull Market Is Coming: 1 Magnificent Growth Stock to Buy Hand Over Fist and Hold Forever
With the Nasdaq Composite still down 21% from its high, the index remains in bear market territory, and many growth stocks are down far more from their valuation peaks. But there are signs the market is warming back up to companies with growth-dependent valuations.
Inflation seems to be cooling off, and the Federal Reserve may be done raising interest rates this year -- a potential development that could create a more favorable trading backdrop for technology stocks. Additionally, the rise of artificial intelligence (AI) is powering huge gains for some tech leaders, and it's possible the emerging trend could play a driving role in lifting the broader market.
While it's impossible to state with certainty when exactly the next bull market will begin, history suggests there's one somewhere around the corner -- and there are already catalysts that could continue to lift top growth stocks. With that in mind, here's a look at one AI tech leader that's worth loading up on in preparation for the market's next big rally.
Source Fool.com
