3 Growth Stocks That Could Help Make You a Fortune

Key Points

• AMD's shift into the lucrative AI chip market is helping it expand its margins, and driving its stock price higher.

• MercadoLibre has brought the e-commerce business model to Latin America with impressive effect.

• Alphabet oversees some of the web's most-used services and exciting new technologies.

• 10 stocks we like better than Advanced Micro Devices ›

After a turbulent start to 2025, the stock market is once again near its all-time highs. The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average are up 6%, 7%, and 4%, respectively, year to date. So, what are some stocks that investors should be focused on? Here are three that I believe are savvy choices right now.

Image source: Getty Images.

Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More »

Advanced Micro Devices

After surging 128% in 2023, and slumping 18% in 2024, Advanced Micro Devices (NASDAQ: AMD) stock is once again on fire. As of this writing, the stock is up 20% year to date, well ahead of the tech-centric Nasdaq Composite's gain of 7%.

The catalyst? AMD stock has been getting a boost from sell-side analysts who believe the company's newest artificial intelligence (AI) chips will aid it in its ongoing competition with Nvidia.

In short, Nvidia remains the king of AI chips, thanks to its long-standing position as the leader in the graphics processing unit (GPU) market. However, things are changing. AMD's MI350 chips and its upcoming MI400 chips are highly anticipated, and could help it cut into Nvidia's lead within the overall data center GPU market.

Moreover, AMD's newfound foothold in the AI data center market is helping to widen its margins. Overall, AMD's gross margins have increased from 42% to over 50% over the last three years, as the company's revenue mix shifts away from low-margin CPUs to higher-margin GPUs.

To sum up, AMD's newfound strength in the AI chip market makes it a stock to consider right now.

MercadoLibre

Simply put, MercadoLibre (NASDAQ: MELI) is a stock that every investor should know, but not everyone does. It's the leading e-commerce provider in Latin America -- a market where rival operators had previously struggled.

However, MercadoLibre seems to have cracked the code. That's great news for the company as it means there is still an immense market that it can grow into from here. Its business model is built on a familiar playbook: It runs an online storefront that matches buyers and sellers, then offers logistics solutions to deliver items to customers' doorsteps.

In addition, the company offers digital payment solutions (Mercado Pago) and advertising services (Mercado Ads).

If that all sounds similar to Amazon, it should. More to the point, it's difficult to argue with MercadoLibre's results. In the first quarter, it reported:

• $5.9 billion in revenue, up 37% year over year.
• $494 million in net income.
• $795 million in free cash flow.

Those are fantastic figures, and they point to the strength of the company's business model. Nevertheless, MercadoLibre stock has its risks, particularly because of the company's regional focus. Economic or political disruptions in its core Latin American markets could take a toll on MercadoLibre's business and its stock price. Therefore, this isn't a stock for every investor.

Alphabet

Finally, there's Alphabet (NASDAQ: GOOG) -- arguably, the most significant internet company around. A recent survey of the most visited websites by Datareportal/SemRush showed that the top two sites were once again Google and YouTube -- both owned by Alphabet. Indeed, those two sites alone accounted for more than 200 billion monthly visits, more than the next 18 largest websites combined.

What's more, Alphabet is at the forefront of several exciting cutting-edge technologies. Take robotaxis, for instance. Through its self-driving vehicle subsidiary, Waymo, Alphabet is one of only a handful of companies currently operating robotaxis for paying customers.

Many analysts see robotaxis as the future of transportation, which could open up a lucrative new revenue stream for Alphabet. In addition, Alphabet is investing in AI initiatives and quantum computing. Any of those areas of research could bear fruit for Alphabet if it can take the lead on some of the world's next great technological breakthroughs.

In summary, Alphabet is a technological juggernaut today, but it is not resting on its laurels. By investing in AI, autonomous vehicles, and quantum computing, Alphabet is well-positioned to remain a stock market giant well into the future.

Should you invest $1,000 in Advanced Micro Devices right now?

Before you buy stock in Advanced Micro Devices, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Advanced Micro Devices wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $679,653!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,046,308!*

Now, it’s worth noting Stock Advisor’s total average return is 1,060% — a market-crushing outperformance compared to 179% for the S&P 500. Don’t miss out on the latest top 10 list, available when you join Stock Advisor.

See the 10 stocks »

*Stock Advisor returns as of July 15, 2025

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Jake Lerch has positions in Alphabet, Amazon, MercadoLibre, and Nvidia and has the following options: long July 2025 $150 calls on Advanced Micro Devices. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Amazon, MercadoLibre, and Nvidia. The Motley Fool has a disclosure policy.