DOCN - 2 Red-Hot Growth Stocks to Buy in 2024 and Beyond
2024-03-19 06:10:00 ET
The recent all-time highs in the stock market indexes create a challenge for growth investors. A dramatic recovery in some AI-driven stocks, particularly in the "Magnificent Seven," drove most of the gains in the indexes. Amid that situation, investors may wonder whether they are too late, which could make them skeptical about growth stocks that did not join the rally.
Despite such concerns, growth stock investors can still likely benefit, particularly in stocks that sell at a considerable discount to 2021 highs. Such investors may find opportunities in two cloud stocks , DigitalOcean (NYSE: DOCN) and Snowflake (NYSE: SNOW) .
Investors who missed out on AI-driven gains in the Magnificent Seven may have a second chance in DigitalOcean. DigitalOcean is a cloud provider for small and medium-size businesses (SMBs). It offers transparent pricing and a community of developers, as well as a collection of tutorials and videos, that can help customers whose businesses are too small for a proper IT department.
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2 Red-Hot Growth Stocks to Buy in 2024 and Beyond