The Federal Reserve's hawkish stance to control surging inflation by increasing interest rates has weighed heavily on growth stocks this year, with investors deciding to dump high-growth companies despite some impressive financial results.

Advanced Micro Devices (NASDAQ: AMD) and Fortinet (NASDAQ: FTNT) are two such growth stocks that have borne the brunt of the market sell-off. While AMD stock is down nearly 60% in 2022, Fortinet has lost 28% of its value so far. The substantial pullback in these stocks means that investors now have an opportunity to buy them at relatively cheap valuations. Let's look at the reasons why they may want to buy shares of these two red-hot growth stocks while they are still down in 2022.

Buying AMD stock right now is a no-brainer for two reasons.

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Source Fool.com