The bull market is now in its fourth year, led by growth stocks. With growth stocks having consistently outperformed value stocks for more than a decade, let's look at two growth stocks to buy for the long term.
1. Nvidia: The AI infrastructure leader
NASDAQ: NVDA
Key Data Points
Nvidia (NVDA +8.01%) has been one of the best growth stocks of the past five years, and with artificial intelligence (AI) infrastructure growth expected to continue to ramp up over the next five years, the stock looks poised to continue to outperform. Nvidia's growth has been nothing short of spectacular. It grew its revenue by 62% last quarter, but what is even more impressive is that it was a nearly 10 times increase from just three years ago.
And while the company is best known for its graphics processing unit (GPUs), which are the chips that are powering the AI boom, it was its networking portfolio that was leading the way in fiscal Q3 with 162% revenue growth to $8.2 billion. The company is now providing turnkey AI factories complete with GPUs, other chips, and networking components, which is a big advantage when hyperscalers (owners of large data centers) are rushing to keep up in the AI race. Meanwhile, with the acquisition of talent from Groq and the licensing of its technology, the company is helping to better position itself for the age of AI inference.
With Nvidia not sitting still, the stock is a long-term buy.
Image source: Getty Images.
2. Taiwan Semiconductor Manufacturing: A virtual AI chip manufacturing monopoly
NYSE: TSM
Key Data Points
Another brilliant AI stock to own for the long haul is Taiwan Semiconductor Manufacturing (TSM +5.48%). It is the main foundry used by Nvidia and other semiconductor companies to manufacture GPUs and other advanced chips. TSMC grew its revenue by nearly 32% in 2025, while expanding its gross margins by 380 basis points to 59.9%, leading to a more that 46% jump in earnings per share (EPS).
As the only foundry capable of producing advanced logic chips at scale with few defects, TSMC finds itself at the intersection of the global AI boom with little meaningful competition. That gives the company a clear path to expand capacity while also raising prices, and that is exactly what it plans to do. After careful due diligence, the company has ramped up its capital expenditure (capex) budget to build more fabs (chip manufacturing facilities), while it has also reportedly laid out a four-year price-hike schedule to its customers.
With AI still looking like it is in the early innings and data center spending continuing to ramp up, TSMC is a stock to buy and hold for the long term.
