Although growth stocks can certainly expose investors to volatility given their lofty valuations and sensitivity to interest rates, their upside potential helps to justify the risk. These are innovative and high-quality companies with earnings that are expected to grow at an above-average rate when compared to the overall market. Choosing wisely in the growth space can lead to jaw-dropping returns and exposure to companies that can potentially change the world, which is why so many investors are willing to sacrifice dividend payments in favor of the upside.

Even though the market continues to keep investors on their toes with rotations, it still makes a lot of sense to consider adding shares of the top growth stocks when opportunity strikes. Several names, in particular, stand out as strong buys after reporting impressive earnings in Q2. These stocks could end up becoming leaders in the growth space during the next quarter, which is why it makes sense to keep them on your shopping list.

Let’s take a look at 3 growth stocks with immense upside below.

Upstart Holdings (NASDAQ: UPST)

MercadoLibre (NASDAQ: MELI)

Advanced Micro Devices (NASDAQ: AMD)