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2 Sizzling Nasdaq Hot Stocks to Buy Right Now


Technology stocks got hot again in 2023 as the sector benefited from multiple tailwinds, including the increased popularity of artificial intelligence (AI), cooling inflation, and the Federal Reserve hinting that a series of interest rate hikes may be ending. These tailwinds contributed to the Nasdaq-100 Technology Sector index jumping an impressive 40% so far this year.

Not surprisingly, Nasdaq stocks such as Meta Platforms (NASDAQ: META) and CrowdStrike Holdings (NASDAQ: CRWD) have been in fine form this year. Share prices of Meta shot up 161% in 2023, and CrowdStrike gained 76%. Let's look at why these two hot Nasdaq growth stocks are worth buying even after surging so much this year.

After a forgettable 2022 when its top-line growth stagnated, earnings declined, and the stock fell big time, Meta Platforms is on track for a turnaround year. The social media company's revenue fell 1% in 2022 and its earnings per share (EPS) crashed 38% to $8.59 as spending on digital advertising remained tight due to inflation.

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Source Fool.com

Meta Platforms Inc. Aktie

478,40 €
-2,20 %
Heute geht es für Meta Platforms Inc. merklich abwärts mit einem Rückgang von -2,20 %.
Eine Tendenz zu Buy-Einschätzungen bei Meta Platforms Inc., überwiegend gegenüber Sell-Einschätzungen.
Das von der Community festgelegte Kursziel von 500 € für Meta Platforms Inc. deutet auf ein leichtes Wachstumspotenzial im Vergleich zu 478.4 € hin.
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