Two Small Tech Stocks with Huge Growth Potential

Overview

A lot has to go right to turn a smaller company into a megacap, but these companies have a good shot at it. One common hope for growth investors is finding the stock that will make them millionaires with a small investment. Tech stocks like Amazon and Microsoft have accomplished such feats for long-term investors.

DigitalOcean

• DigitalOcean primarily serves small and medium-size businesses (SMBs), which account for 33 million enterprises in the U.S. alone.
• It has transparent pricing and offers the DigitalOcean Community, a valuable resource for SMBs to solve IT-related problems.
• The company's revenue in 2023 reached $693 million, with a focus on growth and profitability.

Nu Holdings

• Nu Holdings operates a digital bank in Latin America, providing financial services to millions of unbanked individuals.
• The company's rapid expansion and profitability have attracted investor attention.
• With a focus on affordable stock prices and rapid growth, Nu Holdings presents an attractive investment opportunity.