Nasdaq Sell-Off: 3 Growth Stocks Down 60% to 75% Worth Buying On the Dip
The Nasdaq-100 index is often used as a yardstick for the technology sector's performance because it hosts 100 of the largest tech companies listed on the Nasdaq stock exchange.
The Nasdaq-100 plunged by 33% in 2022, marking its worst year since the global financial crisis in 2008. Thankfully, 2023 is off to a more positive start, with the index jumping by as much as 17%. But investors aren't out of the woods just yet, because concerns about inflation and rising interest rates have knocked it off those highs in February.
Despite this shaky period, certain tech companies are delivering spectacular growth in their underlying businesses, which isn't necessarily being reflected in their stock prices. That spells opportunity for investors. Here are three picks that might be worth buying on the dip.
Source Fool.com
