Growth stocks have struggled this year as geopolitical tensions have caused investors to shift their focus away from risky AI stocks and into more stable and defensive sectors. However, many of these less-hyped growth stocks kept working behind the scenes.
One such growth stock is DigitalOcean (DOCN), which is quietly transforming itself into a serious contender. And investors are starting to take notice. DOCN stock has outperformed all the big tech titans so far this year, climbing 194% over the last 52 weeks and 88% year-to-date (YTD), outperforming the broader market dip of 1%.
