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Meet the Monster Stock That Continues to Crush the Market
Many of today's tech stocks -- including the Magnificent Seven that led last year's stock market gains -- have suffered in recent times. Even the most established of tech players such as Nvidia or Apple, for example, have seen their shares stumble. Why? Investors have worried that President Donald Trump's import tariff plan would hurt growth -- higher prices could result in lower spending by U.S. consumers and companies.Yet, against this backdrop of uncertainty, one tech company in particular stands out. This software player has seen its shares soar 1,400% over the past three years, resulting in a valuation that many analysts have said isn't sustainable. For months, they've predicted the stock was set to pull back. But so far any declines haven't lasted. In fact, this supercharged growth stock has climbed 55% so far this year. Let's meet the monster stock that continues to crush the market.Image source: Getty Images.Continue reading
Many of today's tech stocks -- including the Magnificent Seven that led last year's stock market gains -- have suffered in recent times. Even the most established of tech players such as Nvidia or Apple, for example, have seen their shares stumble. Why? Investors have worried that President Donald Trump's import tariff plan would hurt growth -- higher prices could result in lower spending by U.S. consumers and companies.
Yet, against this backdrop of uncertainty, one tech company in particular stands out. This software player has seen its shares soar 1,400% over the past three years, resulting in a valuation that many analysts have said isn't sustainable. For months, they've predicted the stock was set to pull back. But so far any declines haven't lasted. In fact, this supercharged growth stock has climbed 55% so far this year. Let's meet the monster stock that continues to crush the market.
Image source: Getty Images.
