2024-05-18 08:30:00 ET
Investors continue to be enamored of artificial intelligence (AI) stocks, which makes a lot of sense. AI has the power to transform business and everyday life, and many changes are already happening.
But AI isn't the only game in town. E-commerce may be yesterday's trend, but if you've moved on, you've left a huge opportunity on the table. E-commerce is still increasing as a percentage of overall retail sales and is expected to reach 22.6% by 2027. Amazon and Shopify are reporting strong growth, and some international companies like MercadoLibre are growing even faster.
Global-e Online (NASDAQ: GLBE) is a business-to-business e-commerce specialist with a lot of momentum, and its stock is down 63% from highs. Let's see why it's down, and why it could skyrocket.
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1 Magnificent Growth Stock Down 63% to Buy Right Now Before It Skyrockets