2023-04-21 06:24:00 ET
After a severe drop in 2022, tech stocks finally started to see a recovery in 2023. Stocks like Nvidia and Sea Limited have more than doubled from their December lows.
Although some other tech stocks appear stagnant, many laggards should eventually move higher themselves. This is good news for investors who have $5,000 to invest and hope it is not too late to buy. Among these likely late bloomers are SoFi Technologies (NASDAQ: SOFI) , Snowflake (NYSE: SNOW) , and Zscaler (NASDAQ: ZS) .
SoFi wants to be the "AWS [ Amazon Web Services] of fintech." To this end, it has remade itself into a traditional bank that also embraces the fintech side of the business. It acquired a digital banking product suite called Galileo, and later, its purchase of Technisys enhanced Galileo's cloud capabilities.
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Got $5,000? These 3 Growth Stocks Are Trading Near Their 52-Week Lows