3 Breakout Growth Stocks You Can Buy and Hold for the Next Decade

Growth stocks have been leading the market higher, and with artificial intelligence (AI) still looking like it could be in the early innings, there is every reason to believe this could be the case moving forward.

Let's look at three growth stocks that looked positioned to lead over the next decade.

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1. Alphabet

Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) was supposed to be at risk when chatbots started answering questions directly, but the company turned that threat into an advantage. It folded its Gemini models right into search, rolling out AI Overviews and AI Mode so users could move back and forth between traditional search and AI chat with a click. That change has driven more queries, which is feeding into Alphabet's advertising platform, driving growth.

The company has always been good at using its own ecosystem to stay ahead. It became the default search engine for billions of people by controlling Android and the Chrome browser and cutting a revenue-sharing deal with Apple to lock in prime placement on iPhones. Now it's building a similar moat in AI.

While its cloud computing business, Google Cloud, is only No. 3 in market share, it has arguably the most complete AI stack. In addition to its leading Gemini model, it also has custom AI chips, called tensor processing units (TPUs), that help lower costs, strong data analytics tools, and Vertex AI for helping customers build and deploy their own AI models and applications.

On top of that, it Waymo's robotaxi business keeps expanding into more cities, and its work in quantum computing is starting to show real progress. Alphabet is setting itself up not just to protect its lead in search but to become one of the leading AI and tech companies on the planet over the next decade.

2. Meta Platforms

Meta Platforms (NASDAQ: META) turned itself into one of the biggest AI beneficiaries because it figured out how to use the technology to keep people engaged on Instagram and Facebook. Its AI-driven recommendation systems have become so good at feeding users the content they want to see that time spent on its platforms keeps going up, which creates more ad space to sell.

At the same time, its AI tools give advertisers better targeting and more effective ads, which has led to higher prices and strong returns for marketers. That combination pushed ad revenue up 22% in the most recent quarter.

What will make Meta interesting over the next decade is that it is still barely monetizing some of its largest assets. WhatsApp, with 3 billion users, has only just started showing ads, and Threads is still in the early stages of user growth. CEO Mark Zuckerberg has also been pouring billions into AI infrastructure and talent to pursue what he calls "personal superintelligence." Meanwhile, the company is testing smart glasses with consumer appeal and has not walked away from its metaverse ambitions.

None of these projects have to succeed to keep Meta growing, but if even one of them works out, the sky is the limit for the stock.

3. Broadcom

Broadcom (NASDAQ: AVGO) emerged as one of the key behind-the-scenes players in the AI buildout. As companies look for alternatives to Nvidia's graphics processing units (GPUs), they have been increasingly turning to Broadcom to help them design custom-built chips to handle AI tasks. While these chips are pre-programmed and lack the flexibility of GPUs, they tend to be faster and more energy efficient than GPUs for the tasks for which they've been designed.

As the market starts moving toward inference, where costs per inference matter more and Nvidia's CUDA software is less of an advantage, Broadcom is positioned to take AI chip share.

Broadcom first proved its chops by helping Alphabet design its TPUs, which now handle a big chunk of Google Cloud's AI workloads. That success led Meta and ByteDance to sign on as customers, and together those three represent a $60 billion to $90 billion opportunity for Broadcom in fiscal 2027. A fourth customer, widely believed to be OpenAI, has reportedly placed a $10 billion order for next year, and reports suggest Apple is also working with Broadcom on its own AI chips.

As more companies look for ways to cut the cost of inference, Broadcom's expertise in custom application specific integrated circuits (ASICs) is likely to make it an indispensable supplier for years to come. Together with its strong networking portfolio and VMware virtualization business, which is helping customers run AI workloads in hybrid and multi-cloud environments, Broadcom is well-positioned to see strong growth over the next decade.

Geoffrey Seiler has positions in Alphabet. The Motley Fool has positions in and recommends Alphabet, Apple, Meta Platforms, and Nvidia. The Motley Fool recommends Broadcom. The Motley Fool has a disclosure policy.