The Smartest Growth Stocks to Buy With $1,000 Right Now

You don't always have to dig for growth stocks no one knows about to find great deals. These two stocks are compelling choices if you have $1,000 to invest, and the tailwinds propelling them right now are poised to lift them to new highs in the long run.

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Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »

Micron continues to surge thanks to the memory boom

Micron (NASDAQ: MU) has put itself at the center of the memory boom, just as Nvidia (NASDAQ: NVDA) has become the focal point of the AI chip trade. The company recently announced a strategic partnership with Anthropic, and it should translate into meaningful revenue growth for Micron.

"Memory and storage are central to how efficiently we can train and serve Claude," Anthropic co-founder and chief compute officer Tom Brown said when discussing the partnership.

Micron certainly isn't relying on Anthropic to deliver substantial revenue growth. Sales more than quadrupled year over year in the company's fiscal 2026 third quarter. Revenue almost doubled sequentially, and the projected $50 billion in fiscal 2027 fourth-quarter revenue is a massive step up from the $41.86 billion Micron brought in this quarter.

Combine that with high profit margins, and it's no wonder Micron has trounced the S&P 500. It has more than tripled year to date, but a recent 20% correction has positioned the stock at an attractive 7 forward P/E ratio.

Meta Platforms' online ads are still thriving, and new opportunities are emerging

Meta Platforms (NASDAQ: META) appears undervalued based on a forward P/E below 20. The company's 33% year-over-year revenue growth in Q1 shows it's still gaining significant ground in online advertising, which also offers high profit margins.

Online ads and Meta Platforms' growing user base across its social platforms remain an exciting part of the company after all these years. However, Meta Platforms has also hinted at new revenue segments that can compound over time.

One of those revenue segments is AI glasses. The AI glasses industry is small, but other tech giants are rushing to enter the space, and Meta Platforms has a significant edge over them. Grand View Research projects a 24.2% CAGR for the industry through 2033, and investors should expect to hear more about Meta Platforms' AI glasses sales numbers in its second quarter.

AI glasses technology has advanced considerably since Meta Platforms tested the idea a few years ago, and it's priced for mass adoption, with AI glasses starting at $224.

Meta Platforms is also in the process of creating a predictions app, which could gain traction quickly given the company's 3.56 billion daily active users across its family of apps. Meta Platforms also intends to offer neocloud services once it has sufficient compute capacity, but that could take multiple years to materialize.

Meta Platforms is already a solid stock, given its online ads, which still account for almost all of the company's revenue. However, it is working to expand in multiple directions. Its healthy profits, balance sheet, and vast user base give it a solid foundation to capitalize on AI-related opportunities.

Marc Guberti has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Meta Platforms, Micron Technology, and Nvidia. The Motley Fool has a disclosure policy.