Nasdaq correction creates buying opportunities for hypergrowth stocks

The Nasdaq-100 Index has recently fallen into a 13.2% correction, with many stocks down significantly. This market downturn presents opportunities to buy hypergrowth stocks at lower prices. Remitly, a remittance service, has seen a 27% drop in its stock. The company reported a 33% revenue growth last quarter, reaching $352 million, driven by an increase in active customers and send volume. With a market cap of $3.9 billion, it aims for significant growth in the coming years. Coupang, a South Korean e-commerce platform, generated $30 billion in revenue in 2024, a 29% increase. The company is expanding into food delivery, international markets, and luxury shopping. With a market cap below $40 billion, it is also seen as a promising long-term investment.