The Nasdaq is in bear market territory, and many top growth stocks are down along with it. At their peak, many growth stocks were likely grossly overvalued. A couple of stocks that stand out as particularly attractive buys at their current prices are Teladoc Health (NYSE: TDOC) and Upstart Holdings (NASDAQ: UPST).
Due to the decline in stocks over the last few months, investing has become a painful exercise, particularly for tech investors. If you only have an amount such as $3,000 to invest, companies with supercharged growth such as Advanced Micro Devices (NASDAQ: AMD) and Upstart (NASDAQ: UPST) could serve you well.
The Kroll Bond Rating Agency recently raised its loss expectations on the recent Upstart asset-backed securitization.