5 Best Performing Growth Stocks in January and February 2024

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In this piece, we will take a look at the five best performing growth stocks in January 2024. If you want a detailed overview of why growth stocks are special, then check out 10 Best Performing Growth Stocks in January and February 2024.

5. Applied Materials, Inc. (NASDAQ:AMAT)

Number of Q4 2023 Hedge Fund Shareholders: 70

Share Price Performance: 28.58%

Applied Materials, Inc. (NASDAQ:AMAT) is the third semiconductor stock on our list of the best performing growth stocks. The firm is at the center of a bit of controversy these days as the U.S. government has sent it subpoenas for having allegedly violated export restrictions against China’s biggest chip maker SMIC.

As of Q4 2023 end, 70 out of the 933 hedge funds part of Insider Monkey’s database had faith in Applied Materials, Inc. (NASDAQ:AMAT)’s stock. David Blood and Al Gore’s Generation Investment Management was the biggest investor through its $1.1 billion investment.

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