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News  ›  The Motley Fool

The Best Growth Stock to Buy With $500 Right Now

The Motley Fool Logo The Motley Fool By John Ballard
The Best Growth Stock to Buy With $500 Right Now

Nvidia is highlighted as an excellent growth stock investment, trading at 24 times next year's earnings with strong demand for AI chips in data centers. The company's data center revenue grew 25% to $51 billion, and its net profit margin reached 56%.

Insights
EPRpG   positive

Continuing growth trajectory, supported by ongoing development in oil waste and polluted water treatment


NVDA   positive

Strong financial performance, robust demand for AI chips, growing data center revenue, high profit margins, and potential for market-beating returns make Nvidia an attractive investment