Wondering what stocks have the potential to soar even higher in the final quarter of 2024? Among the numerous companies that have doubled in value this year, three stand out as potential frontrunners: Nvidia, Sweetgreen, and Sea Limited.

The AI Powerhouse: Nvidia Skyrockets by 145%

It may seem audacious to predict that Nvidia will continue its exponential growth, but its recent performance speaks volumes. From a leader in graphics processing units to an AI juggernaut, Nvidia’s revenue has skyrocketed, consistently exceeding expectations. With AI chips taking center stage in tech innovation, Nvidia is poised to capitalize on this booming sector.

Despite its impressive growth, Nvidia’s stock price reflects its success, trading at a premium. However, with consistent earnings beats and a robust outlook, the shares might still hold untapped potential.

Sweetgreen: The Salad Sensation Soaring 214%

Sweetgreen, a chain of premium salad eateries, has seen remarkable growth, outpacing even tech giants. As companies move back to offices, health-conscious employees turn to Sweetgreen for their lunches. The company’s unique niche and strategic growth plans position it for continued success.

Sea Limited: Riding the E-commerce Wave with a 133% Surge

While Sea Limited may not have surged as dramatically as its counterparts, it boasts steady growth across its e-commerce, online gaming, and fintech divisions. With profitability achieved and earnings set to triple, Sea Limited’s global presence signals further upside potential.

Considering an Investment in Nvidia?

Before diving into Nvidia or other high-growth stocks, investors should weigh their options carefully. While past successes can be tantalizing, it’s essential to consider all factors before making investment decisions.

Rick Munarriz has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia and Sea Limited. The Motley Fool recommends Sweetgreen. The Motley Fool has a disclosure policy.