The Nasdaq 100 index has officially entered correction territory, marking a 10% decline from its all-time highs, with notable stocks like Nvidia experiencing significant downturns. Beneath this surface-level decline lies a deeper market correction, particularly affecting high-quality tech stocks such as Coupang and MercadoLibre, both of which are down substantially from their peaks.
MercadoLibre, often referred to as the Amazon of Latin America, has built a robust fintech ecosystem through its Mercado Pago division, which has seen explosive growth in revenue, reaching $12.6 billion in 2025. Meanwhile, Coupang, likened to Amazon in South Korea, is expanding its offerings and recently reported a recovery in revenue growth after a slowdown due to a data breach. Both companies are well-positioned for long-term growth, despite their current stock price declines of 39% and 46%, respectively.
Investors seeking opportunities in the tech and e-commerce sectors may find value in these two stocks, as their innovative business models and market positions suggest potential for significant recovery and growth over the next decade.
Source: fool.com