The word "hypergrowth" does not describe the current technology bear market. Many stocks that once grew revenue in the high double or even triple digits suddenly found themselves in decline as business conditions changed.
Nonetheless, specific niches within tech continue to grow rapidly, and in most cases, their stocks sold off just like those of more poorly performing counterparts. Such a change may point to buying opportunities in tech stocks such as SoFi Technologies (NASDAQ: SOFI) and Zscaler (NASDAQ: ZS) . With that said, here's a closer look at what makes each of these companies appealing today.
SoFi is a company that may have the pandemic to thank for its hypergrowth. It was once a little-known student lender. Amid the moratorium on student loan payments because of the pandemic, it had to pivot into other areas of finance.
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2 Hypergrowth Tech Stocks to Buy in 2022 and Beyond