Why Nikola and The Trade Desk Are Giving the Nasdaq a Boost
For growth-oriented investors, the Nasdaq Composite (NASDAQINDEX: ^IXIC) has been the place to be for years now. After sharp gains throughout the 2010s and even in the early years of the COVID-19 pandemic, the Nasdaq suffered the most during the bear market in 2022. However, it's back with a vengeance so far in 2023, and it was up more than 1% by early Thursday afternoon, adding to its recent gains.
Among winning stocks in the Nasdaq, Nikola (NASDAQ: NKLA) and The Trade Desk (NASDAQ: TTD) stood out. Both are in very different phases of their business life cycles and face very different challenges, but both got a much-needed boost in their share prices on optimism that they can find more success.
Shares of Nikola soared 45% early afternoon on Thursday. The electric vehicle maker has investors excited about its latest initiative, even though some fear that it might come too late to make a big difference for shareholders.
Source Fool.com
