Growth stocks to buy can reshape a portfolio, leveraging an unyielding momentum of revenue and profit expansion. In a bullish market, these companies, often pioneers of innovation, draw investors eyeing long-term capital growth.

The current market’s bullish nature signals the promise of these investments. Growth stocks are poised to soar in this buoyant environment, making them a key component in your investment arsenal for sustained financial success. Without further ado, here are the top seven growth stocks to consider adding to your portfolio for enduring gains.

Top Growth Stocks: Baidu (BIDU)

Baidu’s (NASDAQ:BIDU) advancements in artificial intelligence, notably with Ernie Bot, have propelled both its AI standing and financial performance. Its Q4 report showcased a $50 million revenue beat, hitting $4.92 billion, driven by strong advertising and innovative AI applications. This success underscores Baidu’s skill in leveraging AI to fuel growth.

CFO Rong Luo’s bold 2024 revenue target of $20.34 billion, an 8.76% YOY increase, highlights Baidu’s confidence in its operational prowess. As Baidu charts a course forward, balancing AI innovation with fiscal prudence, the company could set a precedent for tech firms worldwide.

Netflix (NFLX)

Netflix (NASDAQ:NFLX) remains a dominant force in global streaming, consistently surpassing earnings estimates. Its shift to restructure management and introduce an ad-supported tier is bearing fruit, heralding a new era of ad revenue growth. With over 260 million global subscribers, Netflix’s new tier could revolutionize its revenue model.

In Q4, Netflix reported a robust 13% YOY revenue increase and subscriber growth, setting a positive tone for the future. The projected $9.24 billion revenue for Q1 2024, with a 13% YOY growth target and an operating margin expansion of 520 basis points, bodes well for the streaming leader.

BYD (BYDDF)

BYD (OTCMKTS:BYDDF) has emerged as a major player in the electric vehicle market, surpassing Tesla last year. Its diverse product range, expanding exports, and production efficiencies fuel its growth. BYD’s plans to open factories in Hungary and Mexico, alongside its battery prowess, position it to compete fiercely in the EV market.

BYD offers a range of models in Europe and has introduced eight low-cost cars recently, cementing its place as a top battery supplier. The company’s dual capabilities underscore its vast potential for expansion and ambition to lead the EV industry.

Microsoft (MSFT)

Microsoft (NASDAQ:MSFT) adeptly rode the AI wave, solidifying its position with early OpenAI investments. Its focus on AI and the Azure Cloud, reporting a stellar 24% YOY revenue increase in Q2, underpins its growth narrative. Microsoft’s ambitious $500 billion revenue target by 2030 underscores its commitment to cloud infrastructure and AI innovation.

Mastercard (MA)

Mastercard (NYSE:MA) towers in the fintech realm, leveraging its credit and debit card dominance to deliver strong profit margins. The shift to electronic payments signals ongoing growth, with Mastercard poised to capitalize on this trend.