2 Top Stocks Down 40% to Buy With $1,000

Group 1: Reddit - Reddit is a popular online platform with over 400 million weekly visitors, driving strong advertising revenue growth [3] - The stock has decreased by 39% from recent highs due to a market correction and concerns over competition from Google's AI features [4][5] - Despite the stock decline, Reddit reported a 61% year-over-year revenue growth in Q1, with 108 million daily active users [6] - The company is also generating significant revenue from data licensing, with "other" revenue growing 66% year over year, representing about 9% of quarterly revenue [7] - The growth in data licensing indicates a competitive advantage not fully reflected in the stock price, making it a compelling buy [8] Group 2: Marvell Technology - Marvell Technology is benefiting from substantial investments in data center infrastructure, with the stock down 41% from its recent high, presenting a buying opportunity [9] - The data center business accounted for 76% of Marvell's revenue last quarter, which also grew 76% year over year [10] - Partnerships with Amazon Web Services and Nvidia enhance Marvell's long-term prospects, with a new five-year deal to supply custom AI chips to AWS [10][11] - Adjusted earnings more than doubled year over year to $0.62 in Q1, with analysts expecting 46% annualized earnings growth over the next few years [12]