If You Invested $7,000 Into Each of These 3 Stocks at the Start of 2023, You'd Be Up Over $1 Million Right Now

Palantir Technologies, AppLovin, and Carvana have all generated returns in excess of 2,500% since 2023.

Growth stocks have the potential to generate life-changing returns for investors. And if you're willing to take on a bit of risk, the payoff can be substantial, especially for turnaround stories. Not every struggling growth stock will rebound and become a big winner, but when it does happen, the returns can be gargantuan.

Three stocks that weren't even profitable a few years ago but have turned things around to become some of the most captivating growth stocks on the market are Palantir Technologies ( PLTR 3.06% ) , AppLovin ( APP 4.47% ) , and Carvana ( CVNA 3.82% ) . Here's how much a $7,000 investment in each of these companies at the beginning of 2023 wo