3 Explosive Growth Stocks That Could Go Parabolic in 2022

The new year has started badly for many technology stocks. Investors are looking ahead to rumored aggressive interest rate hikes by the Federal Reserve in 2022, and selling off richly valued tech names whose growth could be stunted as borrowing costs rise.

This explains why the stock prices of Microsoft (NASDAQ: MSFT), ASML Holding (NASDAQ: ASML), and Micron Technology (NASDAQ: MU) have lost a lot of ground this month.

However, savvy investors should treat the pullback in these three tech stocks as a buying opportunity -- each of these stocks could go parabolic thanks to their terrific growth prospects. Let's see why that may be the case.

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Source Fool.com