Growth stocks have been hit especially hard this year, but their long-term investment thesis hasn't changed. Shopify (NYSE: SHOP), Roku (NASDAQ: ROKU), and Nvidia (NASDAQ: NVDA) are three downtrodden companies that look like excellent buying opportunities for investors willing to hold them for the next decade and beyond. What makes these companies appealing is their position in industries due for explosive growth in the coming years.
Artificial intelligence (AI) represents a huge opportunity for companies and investors as it grows into a roughly $1.4 trillion market by 2029, a massive increase from its $387 billion size right now. To successfully tap into AI, there are three top companies that are worth buying right now: The Trade Desk (NASDAQ: TTD), Amazon (NASDAQ: AMZN), and Nvidia (NASDAQ: NVDA). If you're not familiar with The Trade Desk, the company has an ad platform that helps companies buy ads on the internet, television platforms, and mobile apps.