Depending on who you talk to or how you define it, we may already be at the start of a new bull market. While the market's big rally this year has mostly been driven by a handful of mega-cap companies, including Apple, Microsoft, and Nvidia, there are still many promising growth stocks that currently trade at big discounts compared to their previous highs. And these growth stocks have the potential to power the next phase of the stock market's rally. 

Despite posting strong business results and enjoying an early leadership position in artificial intelligence (AI)-powered cybersecurity services, CrowdStrike (NASDAQ: CRWD) stock is trading more than 50% off its peak it attained in Nov. 2021. The next sustained bull market should lift valuations for growth stocks, and CrowdSrike is a prime candidate to ride the bull market wave.

CrowdStrike stands as the worldwide leader in cybersecurity services that prevent hardware devices from being used to exploit networks.

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Source Fool.com