Core Insights - Growth stocks are benefiting from momentum in October, with Q3 earnings season and year-end budget planning creating opportunities for companies with strong catalysts [1] - Three notable growth stocks this October are Broadcom, Shopify, and Tesla, each excelling in their respective sectors [2] Broadcom - Broadcom reported approximately $16 billion in revenue for Q3 fiscal 2025, marking a 22% year-over-year increase, with AI revenue reaching $5.2 billion, a 63% increase from the previous year [4][8] - The company is becoming a key player in the AI sector, with plans to partner with OpenAI for a custom AI chip expected to launch in 2026, indicating strong market demand [5] - Risks include dependence on a few large customers and potentially high expectations from the market [5] Shopify - Shopify achieved a 31% year-over-year revenue growth in Q2 2025, totaling $2.68 billion, with subscription revenue at $656 million and merchant solutions at $2.02 billion [6][8] - The company has maintained a free cash flow margin of 16%, marking its eighth consecutive quarter of double-digit profitability [6] - October is crucial for Shopify as merchants prepare for the holiday season, which is expected to drive increased activity and benefit its high-margin services [7] Tesla - Tesla delivered a record 497,099 vehicles in Q3 2025, reflecting a 7% year-over-year increase, ahead of the expiration of EV tax credits [8]