2 Brilliant Growth Stocks to Buy Now and Hold for the Long Term

• Nvidia and Alphabet are two outstanding businesses leading the charge in AI that can deliver solid returns for many years.

• Nvidia sees the data center infrastructure market being worth at least $3 trillion by 2030, yet its stock is cheaper than Walmart on a price-to-earnings basis.

• Alphabet’s Google is not an advertising business; it’s a giant AI factory.

• 10 stocks we like better than Nvidia ›

Holding quality growth stocks is an efficient way to build wealth for retirement. Investors considering putting money to work in the stock market don’t need to overthink it. The biggest and most profitable companies in the world are the ones enabling the next industrial revolution, which is artificial intelligence (AI).

If you’re interested in this opportunity, here are two outstanding businesses leading the charge in AI that can deliver solid returns for many years.

Wall Street is underestimating the long-term opportunity in AI. Even with Nvidia (NASDAQ: NVDA) stock up 54% over the last year and sitting close to a new high, it trades at just 29 times next year’s earnings estimate. This is while Nvidia is solving the most complicated computing problem the world has ever seen, which is AI.

Nvidia is the dominant supplier of chips used for the most advanced AI workloads in data centers. Its graphics processing units (GPUs) are in every major cloud platform. Nvidia’s revenue grew 56% year over year last quarter, with sales to data centers making up 88% of its total revenue.

Nvidia has led the GPU market for many years, but its competitive moat is not necessarily based on its chip innovation but software programs. For example, CUDA allows Nvidia’s customers to essentially program the GPU to optimize performance for different use cases. The number of developers using CUDA has grown from nearly 3 million in fiscal 2022 to more than 5.9 million in fiscal 2025. This growing network of developers is strengthening Nvidia’s competitive advantage.

But innovation is an important advantage for Nvidia, too. Advances in CUDA have enabled developers to more than double the performance of its latest Blackwell chips since launch.

Nvidia believes the data center infrastructure market will grow to between $3 trillion to $4 trillion by 2030. There is substantial growth still ahead, yet investors can buy Nvidia stock at a lower forward price-to-earnings (P/E) multiple than Walmart, which makes the leader in AI chips a bargain.

For a long time, investors have known Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) as a leading digital advertiser that specializes in AI. But it’s probably time to flip that around. The growth in Google’s cloud business and investments in its Gemini AI model, which powers seven of its products with more than 2 billion users, has made it a leading AI company.