3 Glorious Growth Stocks to Buy Hand Over Fist If the Stock Market Crashes
Elon Musk just made a stunning prediction about a group of artificial intelligence companies, and the entire stock market could plummet if he's right.
If the stock market experiences a downturn, investors may want to consider three growth stocks to potentially purchase at a discount. CrowdStrike Holdings (CRWD) is a leading cybersecurity firm that protects businesses from cyber threats using advanced AI models. Its recent growth in annual recurring revenue (ARR) and AI Detection and Response (AIDR) product have drawn attention, with the latter nearly tripling in just three months.
While CRWD's price-to-sales ratio is currently high, a 20% to 30% decrease could present a long-term buying opportunity for those willing to hold the stock for 5 to 10 years.
Atlassian Corporation (TEAM) is another company that could benefit from a market correction. The enterprise software provider is known for its Jira and Confluence products, which help businesses manage projects and collaborate. Atlassian recently introduced its AI platform, Rovo, which enhances their flagship software with features like instant information retrieval and coding assistance.
With a price-to-sales ratio of 9, significantly lower than its 10-year average of 18.3, Atlassian might represent a bargain for investors seeking exposure to a rapidly growing AI-driven business.
Lastly, Nvidia Corporation (NVDA) is a company with significant exposure to the AI hardware boom. While the company is more vulnerable to a slowdown in AI infrastructure spending compared to its peers, the expansion of AI applications into areas like autonomous vehicles and humanoid robots could create long-term value for investors.
Nvidia's Drive platform, used by major automakers, and its robotics solutions, such as Jetson Orin and Jetson Thor, position the company for growth in multiple AI-related markets. With a price-to-earnings ratio of 26.6, Nvidia is currently more affordable than the technology-heavy Nasdaq-100 index, which could make it an attractive long-term investment opportunity.
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