ZS - 3 Hypergrowth Tech Stocks to Buy as 2023 Approaches
Several hypergrowth tech stocks soared to all-time highs during the buying frenzy in growth stocks last year. But this year, many of those stocks collapsed as rising interest rates and other macroeconomic headwinds drove investors toward more-conservative investments.
The sell-off burned lots of overzealous investors who ignored the bubbly valuations. But it also created promising buying opportunities for more-patient investors who hadn't jumped on that hypergrowth bandwagon. Let's examine three of those stocks that deserve a second look: Zscaler (NASDAQ: ZS) , Cloudflare (NYSE: NET) , and Wolfspeed (NYSE: WOLF) .
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3 Hypergrowth Tech Stocks to Buy as 2023 Approaches