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Puru Saxena, investment commentator and ex-fund manager at FinTwit, questions the wisdom of a long-term "buy and hold" strategy for growth stocks.
He points out that shares such as LULU, TTD, and PYPL are currently 80–90% below their respective all-time highs, highlighting the risks of holding on as competition intensifies. The message emphasizes that buying and selling decisions are necessary, as growth stocks typically climb for several years before experiencing substantial declines.
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Earlier this year, Puru Saxena highlighted renewed buying in AI infrastructure stocks after a period of declines, pointing to improved sector valuations in one article. He also reported that OpenAI outpaced Anthropic in Q3 growth, suggesting potential momentum for Oracle’s business in another note. Saxena’s recent commentary continues his focus on shifts within technology and growth sectors.