GitLab (NASDAQ: GTLB) and Advanced Micro Devices (NASDAQ: AMD) are two growth stocks that reported strong momentum in their first-quarter results this year. While these stocks have big return potential, new investors should keep in mind that all it takes to get rich in the stock market is time, persistence, and patience. GitLab is a relatively small company with just $290 million in trailing-12-month revenue, but it has experienced high demand for its DevOps software platform that helps employees collaborate and create software more efficiently.
The first half of 2022 is all but over, and it's been a lousy one for the stock market. The Nasdaq Composite index is down 29.3% year to date. Take Advanced Micro Devices (NASDAQ: AMD); it's down 42.7% so far this year.
Both companies have generated immense gains over the last several years and have undoubtedly been a staple in many portfolios.