4 Brilliant Growth Stocks to Buy Now and Hold for the Long Term -- Including, Yes, Nvidia

Core Viewpoint - The article highlights four growth stocks that have shown significant historical performance and potential for future growth, suggesting they may be suitable for long-term investment portfolios. Group 1: Nvidia - Nvidia has achieved an average annual growth rate of 56.1% over the past 15 years, turning $1,000 into over $790,000 [2] - The company has averaged annual gains of 116.5% over the past three years [2] - Nvidia's data center business has surged from $3 billion to $115 billion in annual revenue in five years, indicating strong growth potential [3] Group 2: Alphabet - Alphabet, the parent company of Google, is a leader in AI and cloud computing, with a diverse range of products including Google Search and YouTube [4][5] - The company initiated a dividend payout in 2024, recently increasing it by 5% [5] - Alphabet's forward P/E ratio is 20, below its five-year average of 22, suggesting an attractive valuation [6] Group 3: Waste Management - Waste Management has averaged annual gains of 14.4% over the past 15 years, with over 17% gains in the last five and ten years [7] - The company is considered recession-resistant, as demand for waste collection remains stable during economic downturns [8] - The stock has a forward P/E of 30, slightly above its five-year average of 27, and offers a growing dividend yield of 1.4% [9][10] Group 4: Vanguard Information Technology ETF - The Vanguard Information Technology ETF has averaged annual gains of 18.4% over the past five years, with 21.5% and 19.6% over the past decade and 15 years, respectively [12][13] - The ETF includes over 300 tech stocks, with top holdings in major companies like Nvidia and Microsoft [12]