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Growth stocks in rapidly evolving sectors with promising outlooks, such as technology, artificial intelligence (AI), healthcare, cannabis, or renewable energy, have the potential to multiply a small investment into millions. When investing in growth stocks, using a buy-and-hold strategy for several years could help you earn compound returns.

After dominating the e-commerce market, Amazon (AMZN) has rapidly expanded into entertainment and cloud computing. Its cloud computing segment, Amazon Web Services (AWS), is now ranked third in the global cloud computing market, trailing only Microsoft (MSFT) and Alphabet (GOOGL).

Trading at $186 per share, AMZN stock is up 23% year-to-date, outpacing the S&P 500 Index’s gain of 9.8%.

As the advertising industry undergoes a digital transformation, investors are increasingly looking to companies like The Trade Desk (TTD), which provides a technological platform for advertising.

The Trade Desk went public in September 2016. Since then, the stock has risen dramatically, driven by the company’s strong financial performance and position in the digital advertising technology market.