Three Affordable Growth Stocks to Consider for Potential Returns
It’s widely understood that capital investment is key to financial growth, but you don’t need a substantial amount to start. Numerous stocks with strong growth potential are available at relatively low share prices. If you have $100 to invest, here are three standout growth stocks that could significantly increase your investment.
1. Applied Digital
Applied Digital (NASDAQ: APLD) has a market capitalization of approximately $1.3 billion, and its shares are priced below $6. The company stands to benefit from the escalating demand for data centers and cloud infrastructure. Applied Digital specializes in designing, building, and operating data centers tailored for artificial intelligence (AI), blockchain, and high-performance computing (HPC) applications.
Over the past year, Applied Digital’s stock price has increased by almost 60%. Despite this rise, it remains nearly 50% lower than its peak in February 2025. Should the stock regain its previous high, it could nearly double in value. This target seems achievable, potentially within the next few years.
Headquartered in Dallas, Texas, Applied Digital operates two custom-built HPC data centers and two blockchain data centers in North Dakota, a state that provides an ideal environment for such facilities due to its energy abundance, low electricity costs, and favorable climate.
The company also runs four digital cloud data centers across Colorado, Minnesota, Nevada, and Utah. Recently, Applied Digital’s board approved a plan to divest its cloud services segment, aiming to generate additional funds to meet the surging demand for AI and HPC applications, along with benefits from its recent financing efforts.
2. IonQ
IonQ (NYSE: IONQ) is making waves in quantum computing, an area that could transform sectors like encryption, drug discovery, and financial modeling. The company estimates its total addressable market will reach $87 billion by 2035. Currently, IonQ’s market cap is about $8.2 billion, and its shares trade above $33.
IonQ is not just focused on the future; it is already selling the Forte Enterprise system, which is unique as it is available on major cloud platforms: Amazon Web Services, Microsoft Azure, and Alphabet’s Google Cloud.
The preference of these major cloud providers for IonQ is backed by its advanced trapped-ion technology, which ensures it outpaces competitors in speed and efficiency. The company boasts an error correction process that surpasses scalability while maintaining the lowest overhead in the industry.
IonQ has secured significant partnerships, including collaborations with South Korean telecommunications leader SK Telecom, Japanese conglomerate Toyota Tsusho, U.S. defense contractor General Dynamics, and influential chipmaker Nvidia.
3. Summit Therapeutics
If you allocate $100 for investments, you could purchase shares of both Applied Digital and IonQ while still having funds left to invest in Summit Therapeutics (NASDAQ: SMMT). With a market cap near $17.2 billion, Summit presents another viable growth opportunity.
The company is advancing ivonescimab, a promising immunotherapy currently undergoing late-stage clinical trials for non-small cell lung cancer (NSCLC). Summit anticipates revealing results from one of these trials involving ivonescimab and chemotherapy as a second-line treatment for NSCLC by mid-2025.
Positive expectations exist regarding Summit’s potential FDA approval for ivonescimab. Notably, its partner, Akeso, has received approvals for this immunotherapy in China after successful trials, outpacing Merck‘s widely-used drug, Keytruda.
Summit’s ambitions extend beyond NSCLC, as it is also exploring treatment options for other cancers, including cutaneous squamous cell carcinoma and glioblastoma. The drug has the potential to see substantial growth over the next few years.
Should you invest in Applied Digital now?
Before making a decision to invest in Applied Digital, consider the following:
The Motley Fool Stock Advisor analyst team recently identified their top ten stock picks—which did not include Applied Digital—believing these stocks could yield significant returns in the upcoming years.
For context, when Netflix made this list on December 17, 2004, an investment of $1,000 would have grown to approximately $642,582! Similarly, Nvidia also on the list on April 15, 2005, would have turned a $1,000 investment into roughly $829,879.
The Stock Advisor boasts an average return of 975%, vastly outperforming the S&P 500, which has returned 172%. Investors may find value in exploring the latest top stock picks through the advisors’ services.
*Stock Advisor returns as of May 12, 2025.
Disclosure: The author holds positions in various tech companies, including Alphabet, Amazon, and Microsoft. The Motley Fool recommends Alphabet, Amazon, Merck, Microsoft, Nvidia, and Summit Therapeutics.
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
