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2 Growth Stocks to Buy in December


Published on 2024-12-15 10:21:15 - 24/7 Wall St
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  • The great tech and growth stock rally has been holding up well going into the midpoint of December. With high hopes for Santa Claus to deliver some further gains for the markets over the holiday season,

The article from 247wallst.com discusses two growth stocks recommended for investment in December. NVIDIA Corporation (NASDAQ: NVDA) is highlighted for its leadership in AI, data centers, and gaming, with its GPUs being integral to AI applications, leading to significant revenue growth. Despite a high forward P/E ratio, its PEG ratio suggests it might still be undervalued given its growth prospects. Datadog, Inc. (NASDAQ: DDOG) is praised for its cloud-based monitoring and analytics platform, which has seen increased demand due to the shift towards cloud computing. Datadog's revenue has grown impressively, and although its stock has risen, its valuation metrics indicate potential for further growth, especially with its expanding customer base and new product offerings. Both companies are positioned to benefit from ongoing technological trends, making them attractive for investors looking for growth opportunities.

Read the Full 24/7 Wall St Article at:
[ https://247wallst.com/investing/2024/12/15/2-growth-stocks-to-buy-in-december/ ]