Broadcom (NASDAQ: AVGO) doesn't have the same name recognition as some of its peers, like Nvidia, but that doesn't make the company any less influential in the artificial intelligence (AI) space. The company is making huge waves in the AI semiconductor market as companies ramp up spending to build new AI infrastructure.

There is no shortage of warnings about the U.S. stock market’s high valuation, but a deeper look into sectors shows quite a bit of variation.

Discover the best growth stocks for the next 5 years. Explore top investment opportunities with high growth potential to help build your long-term portfolio.

If you're looking for cheap growth stocks to buy, three you'll want to consider today are Novo Nordisk ( NVO 3.76%), Carnival ( CCL 0.37%), and Zoom Communications ( ZM -0.22%). Here's why these stocks have a lot of upside.