2 Hypergrowth Stocks to Buy in 2023 and Beyond
Plenty of growth stocks flew to soaring heights during the pandemic, but a good percentage of those same growth stocks now find themselves in a long, spiraling descent. For example, concerns about rising interest rates and a slowdown in the economy crushed the tech sector. Dozens of top tech companies ended up with layoffs, and revenue growth in industries like cloud software, e-commerce, and digital advertising hit a wall.
While the Nasdaq Composite overall recovered some of its losses this year (thanks in part to the artificial intelligence (AI) boom), the tech-heavy index is still down substantially from its 2021 peak. It remains a challenging macroeconomic environment, but some tech stocks continue to deliver strong growth. Let's take a look at two of them.
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Source Fool.com
