The Best Growth ETF to Invest $1,000 in Right Now

Growth stocks are powering the market again this year, and it is the same handful of megacap technology companies leading the charge. Artificial intelligence (AI) is driving this rally, which, despite all the hype, is still just getting started. We have only begun to see how AI can change the way businesses operate, and its impact on productivity could be massive over the next decade. That early-stage potential is why growth stocks tied to AI look like they can keep leading the market higher.Meanwhile, the biggest technology names are at the center of it. Nvidia has become the backbone of AI infrastructure by supplying the chips everyone else needs, while Broadcom has begun helping companies design custom AI chips. Meanwhile, Microsoft, Amazon, and Alphabet have seen huge growth in their cloud computing businesses.But that's not all -- Meta Platforms has built its own large language model that it has incorporated throughout its social media and ad platforms to drive growth, while Apple is moving to make AI a bigger part of its ecosystem. These companies are helping drive innovation and could be among the market's biggest winners over the next decade.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool