The collapse of Silicon Valley Bank last week is adding fuel to investor fears and market pessimism. The news spooked the markets in general, and that was compounded by the fact that Silicon Valley was a leading tech industry bank. The S&P 500 has lost nearly all of its year-to-date gains.
Up roughly 880% in the last five years -- despite dropping nearly 50% from its all-time highs -- The Trade Desk and its adtech platform for ad buyers is a great starting point for our growth stock basket. Allowing brands and their ad agencies to "buy the whole internet" in advertising speak, The Trade Desk quickly became a force in the digital advertising industry. Posting sales growth of 959% since its 2016 initial public offering (IPO), the company looks to extend its incredible growth with four massive tailwinds supporting its long-term vision.
Nvidia (NASDAQ: NVDA) and Global-e Online (NASDAQ: GLBE) have what it takes to be companies that provide impressive returns on a relatively small investment. Up by 63% year to date, Nvidia stock is surging as investors gain optimism about its future. While the company is still experiencing weakness in its gaming segment, the computing hardware and software designer's new pivot to artificial intelligence (AI) could help lead to the next leg of sustainable expansion.