Growth stocks are defined by above-average revenue and earnings expansion, typically reinvesting profits into product development and market capture rather than returning cash to shareholders. Companies like Shopify, CrowdStrike, and ServiceNow have compounded revenue at exceptional rates by dominating their respective software categories. Airbnb and Uber represent consumer marketplace growth stories, while Chipotle and Lululemon show that brick-and-mortar businesses can still achieve growth-stock multiples with the right brand and unit economics.
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