5 Most Profitable Growth Stocks to Buy

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1. NVIDIA Corporation (NASDAQ:NVDA)

TTM Net Income: $159.61 billion

NVIDIA Corporation (NASDAQ:NVDA) is one of the most profitable growth stocks to buy. On June 7, Reuters reported that NVIDIA and SK are set to announce a new cooperation plan on Monday, following a meeting between NVIDIA  CEO Jensen Huang and SK Group Chairman Chey Tae-won in Seoul. While specific details of the partnership remain under wraps, both companies confirmed that executives plan to brief the media on their joint efforts in AI supercomputing, CPUs, robotics, and other high-demand sectors.

During his visit, Jensen Huang emphasized that the current global semiconductor supply chain, ranging from wafers and packaging to silicon photonics, is facing unprecedented strain. He warned that the industry-wide memory shortage is driven by exceptionally high demand and is expected to persist for “quite a few years.”

This collaboration comes at a critical time as NVIDIA Corporation (NASDAQ:NVDA) continues to navigate a constrained supply landscape. By coordinating with key partners like SK Hynix, the companies aim to address better the complex demands of the AI infrastructure market, which currently spans everything from supercomputers to next-generation personal computing hardware.

NVIDIA Corporation (NASDAQ:NVDA) is a fabless semiconductor and AI computing company that designs GPUs, AI accelerators, Application Programming Interfaces/APIs, and system-on-a-chip units. Through its CUDA ecosystem, the company enables industries ranging from autonomous vehicles to scientific research by advancing AI, accelerated computing, and data center infrastructure.

While we acknowledge the potential of NVDA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NVDA and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 10 Best Growth Stocks Under $20 to Buy and 8 Best Quality Growth Stocks to Buy.

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