1 Tech Stock to Buy During This Market Sell-Off
The past six months have been brutal for the stock market, and the Federal Reserve's decision to raise interest rates has convinced even more investors to flee. But that indiscriminate sell-off has cerated some enticing bargains. One such company that's selling at a bargain right now is DigitalOcean (NYSE: DOCN).
This cloud computing company caters specifically to small- and medium-sized businesses, but overlooking DigitalOcean because of its size may be a missed opportunity for long-term investors. Let's see why.
Cloud computing has been pivotal to digital transformation. With the cloud, businesses can build and scale their operations faster than ever. Amazon's AWS, Microsoft's Azure, and Alphabet's Google Cloud are all platforms that offer cloud-based services to massive companies, but often these platforms are too expensive for small developer teams to afford.
Source Fool.com
