• Discounts and special offers
  • Subscriber-only articles and interviews
  • Breaking news and trending topics

Already a subscriber?

By signing up, you accept Moneywise's Terms of Use, Subscription Agreement, and Privacy Policy.

Not interested ?

Nvidia

It’s difficult to pick winners in the ongoing battle over generative artificial intelligence. Tech giants are investing billions of dollars into this new sector but the business model isn’t completely clear yet. What is clear, though, is there’s a growing demand for semiconductors.

Nvidia (NVDA) has already posted stellar earnings based on this tailwind. Revenue was up 88% between the first and second quarter of this year. It was up 101% from the same quarter last year. As the battle intensifies, Nvidia is likely to emerge as a prime beneficiary.

The stock currently trades at a P/E ratio of 102. Given its current growth rate, that ratio could drop to more modest levels rapidly. Keep an eye on this growth stock.

Elevate Your Investments with Moby

Gain a competitive edge with Moby's expert investing insights. Our data-driven analysis and personalized recommendations empower you to make smarter investment decisions. Enhance your portfolio and stay ahead of market trends. Start your journey to financial success today at Moby.

Get Started

Rocket Lab

The commercial space industry has matured enough to become an attractive spot for investment. Unfortunately the most popular company in this industry, SpaceX, is private. But publicly listed Rocket Lab (RKLB) is worth some attention. The company offers rocket-launch services, focusing on small satellites instead of heavy payloads.

Between 2021 and 2022, the company more than tripled its revenue. In the second quarter of 2023, the team delivered $62 million in revenue, up 12% year-over-year. However, the company is still operating at a loss, which means a PE ratio doesn’t apply. Instead, the stock could be valued on a price-to-sales ratio of 9.

Essentially, Rocket Lab is an attractive growth stock in a fascinating industry that deserves a closer look if you’re seeking out growth opportunities.

NuBank

FinTech startup NuBank (NU) was backed by none other than Warren Buffett when it went public in 2021. The stock has struggled since and is now trading 41% below its offering price. But Buffett remains committed to the story.

In the three-month period ending June 30, NuBank added 4.6 million new customers to its platform. That represents 28% growth year-over-year. Revenue, meanwhile, soared 60% during this period. The digital bank is also profitable, registering net income of $262.7 million in its latest quarter.

These impressive numbers are being reflected in the stock price, which is up 95% year-to-date. But the P/E ratio is also high at 494.66. On paper, this stock looks egregiously expensive. But if Buffett thinks the price is justified, the stock probably deserves closer inspection from retail investors.

Sponsored

This 2 Minute Move Could Knock $500/Year off Your Car Insurance in 2024

Saving money on car insurance with BestMoney is a simple way to reduce your expenses. You’ll often get the same, or even better, insurance for less than what you’re paying right now.

There’s no reason not to at least try this free service. Check out BestMoney today, and take a turn in the right direction.

Vishesh Raisinghani Freelance Writer

Vishesh Raisinghani is a freelance contributor at MoneyWise. He has been writing about financial markets and economics since 2014 - having covered family offices, private equity, real estate, cryptocurrencies, and tech stocks over that period. His work has appeared in Seeking Alpha, Motley Fool Canada, Motley Fool UK, Mergers & Acquisitions, National Post, Financial Post, and Yahoo Canada.

Explore the latest articles

How to invest in gold

Here's how to diversify your portfolio with one of the most popular precious metals.

Sigrid Forberg Associate Editor

Disclaimer

The content provided on Moneywise is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter.