4 Brilliant Growth Stocks to Buy Now and Hold for the Long Term — Including Nvidia

Over many decades, the stock market has averaged annual returns of close to 10%. That’s pretty good! (Of course, over shorter periods, it can average much more — or less.) It makes good sense for most investors to park much, if not most, of their moola in one or more simple, low-fee index funds, such as one that tracks the S&P 500.

Even Warren Buffett has recommended index funds for most people, and index funds can be all you need to get rich.

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But what if you want to aim for higher returns? What if you’re willing to read up on investing and become skilled at studying companies? What if you’d like to choose some individual growth stocks in which to invest? Well, then, here are some portfolio candidates to consider.

Any list of promising growth stocks almost seems incomplete without Nvidia (NASDAQ: NVDA), because it’s been a phenomenal performer. As I type this, it has tripled in value over the past year, and has averaged annual gains of 75% over the past decade. This torrid pace of growth isn’t likely to continue as the company gets even more huge, but there’s still plenty of growth potential ahead, and, surprisingly, the stock is arguably still reasonably valued — with a recent forward-looking price-to-earnings (P/E) ratio of 34, below the five-year average of 41.

Nvidia is a dominant player in the semiconductor arena. It used to be known as primarily a gaming chip maker, but it’s now also quite focused on data centers, which need more and more chips to support the boom in artificial intelligence (AI) technology.

PayPal (NASDAQ: PYPL) is another growth stock to consider. It, too, is sporting an appealing valuation, with its forward P/E of 18 below the five-year average of 21. You’re probably very familiar with the fintech company’s PayPal service, which facilitates digital financial transactions. There’s more to PayPal, though: It’s also home to businesses such as Venmo, Braintree,…

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