Warren Buffett may not be known for growth investing, but two stocks in his portfolio show immense potential for growth. Despite a recent decline in share prices, Berkshire Hathaway continues to hold onto its stake in Snowflake, a cloud-based data platform. Snowflake’s technology is highly efficient in handling large data sets, making it a key player in the growing cloud services market. While Snowflake initially traded at a high premium, its current growth rate and valuation suggest potential for long-term gains.
Another high-growth stock in Buffett’s portfolio is Nu Holdings, a fintech bank serving Latin America through a smartphone app. With a rapidly expanding customer base and strong fundamentals, Nu Holdings is positioned for continued growth in the region. Despite its relatively high price-to-sales ratio, analysts project significant sales growth in the coming year. Both Snowflake and Nu Holdings offer promising growth opportunities for patient investors.
Disclaimer: Ryan Vanzo has no position in the mentioned stocks. The Motley Fool has positions in and recommends Berkshire Hathaway, Snowflake, and Nu Holdings. The Motley Fool also recommends Nu Holdings.