3 Growth Stocks Down 34% to 62% to Buy Right Now

Group 1: Growth Stocks Overview - The current market presents opportunities for growth stocks despite some high-profile sell-offs by investors like Warren Buffett [1][2] - Companies like AMD and Dutch Bros are highlighted as potential investment opportunities due to their growth trajectories [2] Group 2: Advanced Micro Devices (AMD) - AMD's stock has decreased by 34% from its March peak, but it remains competitive in the CPU, GPU, and embedded markets [3] - The data center segment, which includes AI accelerators, constitutes 52% of AMD's revenue and has seen a 122% growth, offsetting a 69% decline in the gaming segment [5] - AMD's price-to-sales (P/S) ratio is 10, significantly lower than Nvidia's 39, indicating potential undervaluation and investment opportunity [6] Group 3: Dutch Bros - Dutch Bros has expanded rapidly, growing from 503 locations at its IPO to over 950 locations in 18 states, presenting a competitive edge over Starbucks [8] - The company reported Q3 2024 revenue of $338 million, a 28% increase, driven by a 20% rise in locations and increased same-shop sales [9] - Despite a high P/E ratio, Dutch Bros' P/S ratio of 3.2 is only slightly above Starbucks' 3.0, suggesting potential for growth in its home market [10] Group 4: Innovative Industrial Properties (IIP) - IIP operates as a REIT focused on the cannabis industry, renting facilities to medical cannabis growers and utilizing a sale-leaseback program for revenue generation [11][12] - The stock is down 62% from its 2021 high but has increased over 75% from its 2023 low, indicating recovery and confidence in its tenant management [13] - IIP has consistently increased its dividend since 2017, with a current yield of 5.8%, and its normalized funds from operations (FFO) of $8.13 indicate strong cash flow to support dividends [14]