The Ultimate Growth Stock to Buy With $1,000 Right Now
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If you look hard enough, there are still artificial intelligence (AI) stocks trading at low prices. You just have to look beyond headline stocks like Nvidia or Palantir Technologies. One example is Coupang (NYSE: CPNG), an e-commerce and delivery company serving the South Korean market. The stock is well off its initial public offering (IPO) price from 2021 despite huge growth of the business.Here's why Coupang is the ultimate growth stock to buy with $1,000 right now.The stock is currently in a 40% drawdown from its 12-month high and 60% from the time of its IPO in 2021. The recent pain is due to fallout over a customer data breach, which has turned into a scandal in South Korea. A Coupang worker from China leaked customer information, and although it didn't reveal much sensitive data, this is a larger deal in South Korea compared to Western markets.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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