3 Hypergrowth Tech Stocks to Buy With $3,000 Right Now
There are several hypergrowth stocks available in the tech space.
Overview
The average growth rate of the S&P 500 (SNPINDEX: ^GSPC) over the long term is around 10%. So, if a company is growing around there, I'd consider that average growth. If it's in the mid-teens and higher, it's certainly above-average growth. However, when you get into stocks that are growing their revenue consistently above the 50% mark, I think they easily fall under the "hypergrowth" description, as these companies are growing far faster than their peers.
Three stocks that fall under this categorization are Broadcom (NASDAQ: AVGO), Micron (NASDAQ: MU), and IonQ (NYSE: IONQ). These three are all on sale, and look like they could continue posting incredible hypergrowth results.
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Details
Source
Originally published at www.fool.com.