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

If you have a decent amount of money and plenty of time to spare, that’s terrific! This could mean you can invest in growth stocks not just affordably, but perhaps even venture into some strategic risks – but only on suitable companies. Remember to keep your sights set on their future potential when temporary market fluctuations make you anxious.

I’ve compiled a list of three exceptional stocks that I believe are worth investing in at the moment, with the intention of holding onto them for some time. It’s important to note that each of these stocks have demonstrated remarkable success within an industry that boasts a promising long-term future.

Nio

In the U.S., the electric vehicle (EV) sector seems to be facing challenges. However, this isn’t the story globally. Across many other regions, EVs are still gaining widespread acceptance, and nowhere is this more evident than in China. According to a report from Rho Motion, an industry research firm, sales of battery-electric vehicles skyrocketed by 28% in June compared to the previous year, reaching a staggering 1.11 million cars – a new record high.

In the realm I’m observing, that figure represents roughly six out of every ten electric vehicles (EVs) sold globally for the particular month in question. Furthermore, it approximates half of China’s overall automobile sales for the same period. And here’s an intriguing fact: The International Energy Agency anticipates that EVs could account for a staggering 80% of China’s total car sales by the year 2030.

Let’s talk about the company called Nio (NIO). While it operates primarily in China, it isn’t the most well-known player in that market. In fact, it lags significantly behind. The top spot belongs to BYD, with other brands like Wuling, Tesla, Li Auto, and Geely Automobile following closely. Last month, Nio managed to sell only about 24,925 vehicles, primarily within China.

Despite its relatively small market presence, this aspect plays a crucial role in the optimistic perspective. There’s potential for expansion, particularly by targeting its native country’s rapidly expanding market. And it’s happening: Nio’s total deliveries grew by 17.5% year-on-year last month and marked a 25.6% increase for the entire quarter. Consumers are increasingly drawn to its blend of affordable luxury and functional vehicle selection, which includes numerous small SUVs and crossovers.

Emphasizing this point is the predicted 36% increase in revenues for this current year, followed by a projected 29% growth the following year. These figures are expected to bring the automaker significantly closer to profitability. It’s worth noting that the rapid revenue growth rate might sustain for many years, even decades.

Broadcom

I, myself, am quite familiar with Broadcom (AVGO), a name that often rings in the ears of seasoned investors. Yet, if you were to ask me about a specific product they manufacture, it might prove challenging for many of us. The twist? The technology goods produced by Broadcom hold at least equal importance in the realm of artificial intelligence (AI) as those from giants like Nvidia or Arista Networks.

As a case in point, consider the Sian3 DSP PHY (digital signal processor physical layer). This 3-nanometer optical chip boasts the ability to transmit digital data at a staggering rate of 1.6 terabytes per second. Furthermore, its sixth-generation PCIe switches facilitate seamless compatibility between various types of hardware and software, a feature highly valued in modern data centers.

In January of this year, Broadcom introduced the Brocade G710, a 24-port 64G switch, which was recognized as the most power-efficient and lowest-latency SAN (storage area network) switch for data center racks in the industry. This device offers a maximum bandwidth of up to 1.5 terabytes per second.

If you’re not tech-savvy and find these terms confusing, let me simplify it for you. Broadcom tackles many of the major data flow issues faced in the artificial intelligence sector, apart from those caused by central processors within data centers (such as those offered by Nvidia).

This isn’t a minor prospect we’re talking about here. In December, Broadcom CEO Hock Tan expressed his belief that the worldwide market for artificial intelligence processors and their associated connectivity technologies could reach anywhere from $60 billion to $90 billion by 2027. Compare this to Broadcom’s projected AI-related revenue of $12.2 billion in 2024, and you can see the potential is substantial.

According to a forecast from Precedence Research, the sector of AI hardware in which Broadcom plays a key role is projected to experience a steady growth rate of approximately 26.6% per year until the year 2034.

Roku

Lastly, consider including Roku Inc. (ROKU) in your portfolio of outstanding long-term growth stocks. Roku is the creator of a well-liked consumer technology that allows users to access their subscription-based streaming services. They also manufacture their own line of branded televisions.

While Roku’s TVs and dongles aren’t available globally, the research firm Pixalate states that Roku holds a dominant 39% share in North America’s streaming device market. Currently, Roku is focusing its efforts on South America, where it has already seen some positive response.

While it’s true that Roku sells streaming hardware, it’s essential to realize that this isn’t the core focus of their business. Instead, these devices serve as a tool to achieve something greater. The primary source of income and gross profit for this company actually stems from advertising and subscription fees received from streaming service providers, in return for making their apps accessible on Roku’s platform.

It’s noteworthy to mention that Roku operates one of the free, ad-supported channels on its devices. In fact, according to TV-ratings company Nielsen, The Roku Channel is now watched for more hours in the U.S. than Paramount+’s and almost as much as Amazon’s Prime Video. That’s quite a feat!

It’s unlikely that Roku’s growth will match the pace of companies like Nio or Broadcom in the short term, if at all. However, it’s important not to underestimate the potential benefits of its position in the business over the long term. Despite the streaming industry experiencing a slowdown in overall growth, Roku plays a significant role as one of the key technological intermediaries, which is indeed a significant advantage.

In my view, even if the financial success of streaming content seems to be waning because of its growing commoditization, this company still has a unique advantage: tapping into people’s insatiable appetite for entertainment as a means of generating revenue.

If you find Roku intriguing, there’s no need to hesitate. As KeyBanc analyst Justin Patterson stated in his recent stock upgrade of Roku, “Roku is making a significant shift” due to improved advertising options and new alliances (such as the recently disclosed one with Amazon), at a time when advertisers are placing greater emphasis on the reach of connected television over traditional cable TV.

As a media aficionado, I’m thrilled about the latest predictions! MNTN Research reveals that Connected TV (CTV) ad revenue is projected to surge by 10% this year. On the flip side, cable’s ad revenue seems to be taking a dip, with an expected decline of 11%. It’s exciting to see how traditional and digital media are evolving at such a rapid pace!

2025-07-23 14:14

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