Stocks

“3 Growth Stocks Down 43%, 28%, and 41% …”

“1. UiPath

It’s no real secret why UiPath (NYSE: PATH) shares are down more than 40% from their early December peak. Most artificial intelligence (AI) stocks started struggling around that time as the hype surrounding them began running headlong into fiscal reality…

2. Remitly Global…

…The app’s active customer count improved 19% year over year to 9.3 million during the final quarter of last year, driving a 35% increase in the total amount of money transferred. Total revenue grew 26% to $442 million, allowing the company to swing from a loss of $5.7 million in the same quarter a year earlier to $41.2 million this time around. Analysts are looking for comparable growth for at least the next couple of years, too. The 41% pullback from last February’s peak certainly looks like a gift…

3. Meta Platforms…

Last but not least, buy Facebook parent Meta Platforms (NASDAQ: META) while its shares are down 28% from August’s high…”

https://finance.yahoo.com/markets/stocks/articles/3-growth-stocks-down-43-022000436.html

The magnificent 7 are overvalued in my opinion. Maybe after a steep correction or crash they would be worth it but certainly not now.






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