3 Breakout Growth Stocks You Can Buy and Hold for the Next Decade

The tech sector is getting repriced as investors figure out how AI will disrupt entire industries for the next several years. The picking of winners and losers has begun, and a few companies will stand the test of time and continue to break out in 2026 and beyond. Three of these long-term winners are Micron (NASDAQ: MU), Nokia (NYSE: NOK), and Broadcom (NASDAQ: AVGO). Let's have a look at why.

Micron controls the memory market

Micron continues to impress with record revenue and expanding margins. The stock is up more than 300% in the past 12 months, but many analysts believe this isn't the top for the memory manufacturer.

AI's demand for more memory isn't going to subside anytime soon. There are only a few global manufacturers of high-bandwidth memory, and Micron is one of them. With pricing power, a multi-year and multi-billion dollar backlog, Micron is well-positioned for several years of dominance.

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Nokia's making a well-timed comeback

You may be surprised to see Nokia on this list. The telecom company is quietly making a comeback and investing strategically in AI-native wireless technology for both 5G and 6G networks. This pivot was formally announced by the company back in November 2025.

Nokia's pivot is backed by a $1 billion investment from Nvidia. The telecom company is restructuring down to two main divisions: network infrastructure and mobile networks. Both divisions will play their respective roles in AI data workloads and cloud services. Nokia's executives believe AI and cloud customers are its greatest opportunities for significant growth.

Broadcom's strength is its diverse product portfolio

Broadcom is a category-leading semiconductor and infrastructure software company surging on massive demand and a diversified portfolio of offerings. It is estimated that over 90% of Internet traffic passes through Broadcom's products.

Broadcom reported outstanding results for fiscal year 2025. The trillion-dollar company saw net revenue up 24%, net income up 292%, and earnings per share up 288%. The stock might be trading at a slight premium, but Broadcom has become synonymous with AI, and the stock still seems to have room to run. Its forward P/E ratio is still just 35, and its PEG ratio is 0.55.

Volatility coupled with sustained growth

Growth stocks, particularly in the tech sector, are inherently riskier but also offer long-term upside potential. It's safe to expect volatility for the next few years as society and the business world alike come to fully understand AI's roles. What we do know is that AI is transforming nearly every industry, and Micron, Nokia, and Broadcom are well-positioned mainstays.

Catie Hogan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Micron Technology and Nvidia. The Motley Fool recommends Broadcom. The Motley Fool has a disclosure policy.