2 Hypergrowth Tech Stocks to Buy in 2023 and Beyond

Hypergrowth may be back. So far this year, the Nasdaq Composite has risen 32%, and stocks like Nvidia have nearly tripled amid high hopes for its AI capabilities.

Now, investors appear focused on identifying which stocks could still deliver massive increases in the future. Two companies well-positioned to do so are CrowdStrike (NASDAQ: CRWD) and Palantir (NYSE: PLTR). Let's take a close look to see why.

CrowdStrike is one of the few tech stocks for which the hypergrowth did not end during the 2022 bear market. The cybersecurity stock benefited because cloud security is a necessity regardless of economic conditions. Indeed, Market.us forecasts a 23% compound annual growth rate (CAGR) for the cloud security industry between now and 2032. This would make it a $148 billion industry.

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Source Fool.com