A Bull Market Is Here: 2 Incredibly Innovative Growth Stocks Down 14% and 59% to Buy Right Now

Group 1: Nvidia - Nvidia is a key player in the AI revolution, known for its advanced graphics processing units (GPUs) [3] - Despite a 14% pullback from its all-time high in June, Nvidia's stock is up approximately 136% in 2024, driven by strong demand from major data center clients like Microsoft and Meta Platforms [4][5] - Nvidia's market capitalization is around $2.86 trillion, reflecting a valuation increase of over 2,480% in the past five years, making it the third-most valuable company globally [5] - The company reported a gross margin of 75.1% in Q2, down from a record 78.4% in Q1, and expects a gross margin of about 74.5% for the current quarter [6] - Nvidia's sales grew by 122% year-over-year in Q2, with expectations for a 79% increase in Q3 compared to the same period in 2023 [7] - The upcoming launch of Nvidia's next-generation Blackwell chips is anticipated to significantly enhance AI performance and revenue, with expectations of being the company's most successful products [8] - Nvidia's competitive position in the advanced GPU market allows for strategic pricing decisions that could enhance long-term positioning, even if it means sacrificing some margins [9] - For long-term investors, Nvidia remains a valuable addition to portfolios focused on AI trends [10] Group 2: Cognex - Cognex, a machine vision company, is currently facing challenges in its end markets, with its share price down 60% from its all-time high [11] - The company is focused on long-term earnings potential rather than short-term performance, as its machine vision solutions have substantial growth opportunities [12] - Management projects annual growth of 13% in its end markets, with Cognex expected to slightly outpace this at 15% annually [13] - Short-term growth expectations are tempered due to lower demand in key markets such as automotive and consumer electronics, influenced by rising interest rates [14] - The company anticipates a slower order flow until spring 2025, as larger orders typically occur in spring and summer [15] - A potential decrease in interest rates in 2025 could lead to increased investment spending in automotive and consumer electronics, while the logistics market is already showing signs of recovery [16]