Is GoDaddy a Hidden Value Stock?
As advancements in artificial intelligence (AI) accelerate, investor sentiment toward certain types of companies is hitting a breaking point. A number of technology stocks have been selling off hard recently, and website company (NYSE: GDDY) is, surprisingly, among them. Yet GoDaddy's business is benefiting from AI, making its current sell-off a hidden buying opportunity.
Image source: Getty Images.
GoDaddy registers domain names, hosts websites, and provides its customers with tools for e-commerce and more. There is a software component to the business. But it owns and operates its own data centers for web hosting, which gives the business a physical component as well.
Source Fool.com
