's (NASDAQ: ROKU) stock hit an all-time high of $479.50 on July 26, 2021. At the time, the bulls were dazzled by the streaming device and software maker's explosive growth rates, and the buying frenzy in growth stocks amplified its gains.

Roku's revenue soared 58% in 2020 and 55% in 2021. That growth was mainly driven by the pandemic, which forced people to stay at home and watch more streaming video. That trend boosted its sales of streaming devices and ads across its Roku OS software platform, which runs on its own hardware and third-party devices.

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Source Fool.com