3 Growth Stocks Down 84%, 28%, and 97% to Buy Right Now

Core Viewpoint - The article discusses three discounted growth stocks that present potential buying opportunities despite recent market challenges, emphasizing their long-term bullish outlooks. Group 1: Roku - Roku's third-quarter sales and EBITDA increased year over year, surpassing expectations, but the guidance for the current quarter was disappointing, forecasting revenue of $465 million against a consensus of $477 million and EBITDA of $30 million versus $36.2 million expected [3][4] - Roku holds a dominant position in the North American connected television market with a 37% market share, significantly ahead of Amazon's FireTV at 15% [5] - The Roku Channel is reportedly more watched in the U.S. than HBO Max or Paramount+, highlighting its strong presence in the streaming content landscape [6] - The streaming industry is projected to grow at an average annual rate of 21% through 2034, benefiting Roku's business model [7] Group 2: Plug Power - Plug Power's stock experienced a significant decline, dropping 97% from its 2021 peak, despite initial optimism about hydrogen fuel technology [8][10] - The company's recent Q3 results showed revenue of $173.7 million, down 12% year over year, and below the expected $207.8 million [9] - Hydrogen fuel cells are considered a key component of future energy solutions, with the global fuel cell market expected to grow at an annualized rate of nearly 26% through 2032 [11][12] Group 3: Arm Holdings - Arm Holdings is gaining traction as an alternative to traditional chip manufacturers like Intel and Qualcomm, particularly for applications requiring power efficiency, such as mobile devices and AI [14] - The company is increasingly being used in data centers, with major players like Apple designing their own silicon based on Arm's architecture [15] - Arm generates consistent, high-margin revenue as a licensor of intellectual property, with about half of all processors globally being Arm-based [16][17]