Nvidia and Amazon Poised for Growth, Present Buying Opportunities
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S&P 500 earnings grew in Q3 2022 for the first time in a year, signaling a potential new bull market where stocks could skyrocket.
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The "Magnificent Seven" megacap tech stocks (Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, Tesla) have historically created tremendous growth.
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Wall Street analysts forecast the most upside potential over the next 12 months for Nvidia (39%) and Amazon (21%).
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Nvidia dominates in AI hardware and software, a fast-growing $1 trillion market, while Amazon leads in e-commerce, advertising, and cloud services.
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Patient investors should feel comfortable buying Nvidia and Amazon stocks now and holding them long-term (5+ years) to capitalize on their continued growth.