For instance, shares of Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) and Meta Platforms (NASDAQ: META) are currently down 30% and 50%, respectively, from all-time highs. An exception to this weak growth trend is The Trade Desk (NASDAQ: TTD), which has continued to post impressive financial results. The Trade Desk operates a demand-side platform (DSP).
Shares of The Trade Desk (NASDAQ: TTD) were moving higher today, along with a surge from Meta Platforms (NASDAQ: META) after the Facebook parent reported fourth-quarter earnings last night. While Meta's numbers weren't particularly strong, the surge in the stock showed that market sentiment could be shifting in favor of digital ad stocks like The Trade Desk and Meta. As of 1 p.m. ET, Trade Desk was up 9.2%, while Meta had gained 26%.
These companies are sitting on big opportunities that could send their stocks flying in the long run.