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