Nvidia, Reddit, Zillow: Three Stocks a Retail Investor Purchased Amid Market Downturn

In March 2026, a retail investor initiated positions in three technology stocks following a market downturn. The investor purchased shares of Nvidia (NASDAQ: NVDA), Reddit (NYSE: RDDT), and Zillow (NASDAQ: ZG) at what he considers attractive entry points. These stocks are currently trading 16%, 52%, and 55% below their 52-week highs, respectively. The decision to invest in these companies was based on their perceived undervaluation and growth potential despite recent market challenges. Nvidia, a leader in GPU technology, has seen its revenue soar 73% in its latest quarter. The company has posted annual revenue growth of 53% or better in five of the last six fiscal years, with a net margin of 56%. Despite its $4 trillion market cap, Nvidia trades at 21 times this fiscal year's earnings and less than 16 times next year's analyst profit target. It is the only Magnificent Seven stock with a lower 2027 earnings multiple and faster growth than its peers. Reddit, the social media platform, has seen its stock price decline significantly but is experiencing revenue acceleration. The company reported 70% higher revenue in its latest quarter, driven by sponsored content and a growing user base. Reddit now has 121.4 million daily active unique users, a 19% increase year-over-year. The platform is also monetizing its user-generated content through partnerships with leading AI players. Zillow, the real estate platform, is posting double-digit revenue growth amid a challenging housing market. The investor believes the company's performance will improve materially as the housing industry recovers. The recent downturn in growth stocks has presented what the investor views as an opportunity to acquire shares in companies with strong fundamentals and long-term potential.