These Battered Growth ETFs Have Already Corrected. It Might Be Time to Start Doing Some Buying

"Many growth-heavy investors might have felt it when the Nasdaq 100 slipped close to 8% as part of a tech-driven correction. Though the market has recovered more than half of the ground lost since before the November dip in AI stocks, there are still quite a few opportunities out there in the tech wreckage for contrarians to pick up. Undoubtedly, we've enjoyed a swift market rally going into Thanksgiving, and for that, investors can give thanks."

"That said, some of the more severely punished tech stocks, like Oracle ( NYSE:ORCL), are still miles away from their highs, down close to 37% from their peak. And as more investors narrow in on the potential bear case, as investors fear the possibility of an AI bubble, I think there's an opportunity for brave dip-buyers to get a good price ahead of what some bulls, like Fundstrat's Tom Lee, think could be a great year-end rally."

"I've praised Oracle stock as a great bargain buy on the dip in prior pieces. But in this piece, we'll explore some of the growth ETF opportunities that might be worth going after if you're more of a passive investor who's looking for a broader basket of names that can perform well as the tech comeback continues into December. Ark Innovation ETF Ark Innovation ETF ( NYSEARCA:ARKK) plunged close to 23% from peak to trough as a part of a nasty October-November correction."

Tech-led markets experienced a sharp correction with the Nasdaq 100 falling nearly 8% and AI stocks dipping in November, followed by a partial recovery that recouped more than half the lost ground. Several heavily punished tech names remain far below peak levels, with Oracle about 37% below its high. Optimistic forecasts from bullish strategists, including Fundstrat's Tom Lee and Morgan Stanley's Mike Wilson, anticipate further gains and a possible year-end rally. Growth-focused ETFs such as ARKK plunged roughly 23% before retracing near 10% in a few sessions but still trade about 15% under their 52-week highs. These conditions present contrarian buying opportunities in beaten-down tech and growth ETFs.

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