Peter Lynch, known for his tenure at Fidelity's Magellan Fund, coined the term 'ten-bagger' and promoted a long-term investment strategy. Despite cautioning against chasing quick stock gains, he acknowledged that stocks can double in value within short time frames if their fundamentals remain strong. CoreWeave, an AI cloud infrastructure provider, demonstrated significant growth with a 287% increase since its initial public offering, now trading significantly higher. Identifying stocks with growth potential can lead to substantial returns, as observed in the stock market's current trends.
CoreWeave (CRWV) is an artificial intelligence (AI) cloud infrastructure provider that went public on Mar. 28 in what was a surprisingly disappointing initial public offering. With CRWV priced at $40 per share, it offered 37.5 million shares, downsized from the 49 million expected. Yet if the IPO was a bummer, CoreWeave's performance since has been anything but. The stock has soared 287% since the IPO and trades today around $155 per share. And that's down from its peak of $187 a stub.
While seeking rapid gains is risky, identifying stocks with momentum and growth potential can yield happy surprises. Below are two stocks that have more than doubled over the first six months of 2025 - and could double again this year.
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