This complete article first appeared in Livewire on 5 January 2026
Jensen Huang founded Nvidia in 1993. For much of its life, it was a good - but not great - company. A specialist chipmaker, a few near-death moments, and long stretches where the stock went nowhere.
Over the past decade, however, Nvidia has become the poster child for modern growth investing. What looks like an overnight success was, in reality, a 20-year build, powered by reinvestment, innovation, and patience. It is now the largest company on the planet, and a reminder that the best growth stories often take far longer to reveal themselves than markets expect.
That lesson extends well beyond a single stock. Over the past 15 years, growth has been the dominant equity style.
Since the post-GFC reset, global growth stocks have outperformed value by around four-and-a-half percentage points per year, even though they had no right to do so. Growth was meant to fail. Instead, it adapted, overcoming inflation shocks, aggressive rate hikes, and repeated predictions of its demise.
The winners of this era were not blue-sky ideas, but businesses that could reinvest capital at scale, defend margins, and compound earnings through wildly different market regimes. The growth decade did not end with cheap money. It evolved.
And if the past 15 years have taught us anything, it’s this: great growth stories are rarely obvious at the start.
With that in mind, we asked 10 of Australia’s sharpest investment minds, spanning ASX and global equities, to nominate their top growth pick for 2026 and beyond.
From James Abela
Portfolio Manager of the Fidelity Future Leaders Fund and Fidelity Global Future Leaders strategy.
The number one stock for us is HUB24 (ASX: HUB). It has good structural growth, it's winning market share, has a very high trust element to it, and it's a technology that is very complicated so when clients move into that ecosystem, they are likely to stay with it for a long time.
We believe the stickiness of that client base is quite strong, the stock has delivered growth and it's also a technology leader. All these things combined reinforce my view that Hub24 is a business that I am very keen to hold.
