The Best Growth Stock to Invest $10,000 in Right Now
Buying growth stocks and holding them for a long time can help investors achieve market-beating returns, though there will be bouts of volatility along the way.
After all, growth stocks represent companies capable of growing at a faster pace than the industry in which they operate, so investors can decide to book profits when they become cautious. The same has been the case with Sandisk (NASDAQ:SNDK).
Shares of the memory specialist have surged by an incredible 827% over the past year. However, the semiconductor stock has pulled back 44% from the 52-week high it reached on June 22. The recent slide in Sandisk’s shares can be attributed to concerns about the sustainability of the favorable demand-supply environment in the NAND flash market, as well as the viability of the huge outlay on artificial intelligence (AI) infrastructure.
Source: www.fool.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.