1 Glorious Growth Stock Down 73% to Buy on the Dip During the Nasdaq Correction
The Nasdaq Composite index is home to almost every stock listed on the Nasdaq exchange, so it's typically a good proxy for the performance of the broader technology industry. As of this writing, it's down by 14% from its recent all-time high, which places it firmly in correction territory.Investors are trying to digest rising uncertainty relating to global trade policies, which could affect economic growth and corporate earnings. But throughout history, the U.S. stock market has always climbed to new highs over time, so this is probably a great long-term buying opportunity.One stock investors might want to consider scooping up is DigitalOcean (NYSE: DOCN). It provides cloud services to small and mid-sized businesses (SMBs), but it also has a growing portfolio of artificial intelligence (AI) services, which could supercharge the company's growth going forward.Continue reading
The Nasdaq Composite index is home to almost every stock listed on the Nasdaq exchange, so it's typically a good proxy for the performance of the broader technology industry. As of this writing, it's down by 14% from its recent all-time high, which places it firmly in correction territory.
Investors are trying to digest rising uncertainty relating to global trade policies, which could affect economic growth and corporate earnings. But throughout history, the U.S. stock market has always climbed to new highs over time, so this is probably a great long-term buying opportunity.
One stock investors might want to consider scooping up is DigitalOcean (NYSE: DOCN). It provides cloud services to small and mid-sized businesses (SMBs), but it also has a growing portfolio of artificial intelligence (AI) services, which could supercharge the company's growth going forward.
