Investors may be struggling with what to make of tech stocks at the moment, particularly those in the artificial intelligence (AI) sphere. After massive run-ups in many of these stocks, some are now struggling amid high valuations and doubts about the actual benefits of AI to their businesses' bottom lines.
There's reason to believe the doubts may be overblown, and these challenges do not mean that the buys have run out. Knowing that, if you have $3,000 available to invest that isn't needed for monthly bills or to pay down short-term debt, these three growth stocks trading at a discount hold the potential to double your money.
Image source: Getty Images.
Oracle
Oracle (ORCL 2.00%) has gotten added attention over the past year by emerging as a leader in AI, providing higher-performance infrastructure at a lower cost than competitors. That attention helped its stock ride high last fall on news of a $300 billion deal with OpenAI and a backlog of other deals that has now grown to $523 billion.
However, doubts have since emerged, as some analysts question whether OpenAI can honor the terms of the deal it made. Additionally, Oracle took on considerable debt to upgrade its infrastructure to help it fulfill the growing backlog of AI-related business. As of the end of the second quarter of fiscal 2026 (ended Nov. 30), it held around $108 billion in debt, well above its book value of $30 billion.
Still, the aforementioned backlog speaks to the tremendous demand for its services. That positions it to spend what it needs on infrastructure and profit even if the OpenAI deal ultimately falls through.
Moreover, the nearly 60% discount in the stock price from its 52-week high has taken its price-to-earnings (P/E) ratio to 28, slightly below the S&P 500 average of 30. Also, with a forward P/E ratio of 20, investors can buy this cloud stock at a significant discount.
NYSE: ORCL
Key Data Points
As conditions stand now, an investor can buy seven shares for $1,050. That can provide a nice start in an investment that should recover as Oracle becomes more critical to supporting AI infrastructure.
Figma
Another stock that has become increasingly attractive is Figma (FIG 5.03%). The company operates a collaborative design platform for designing user interfaces for websites and mobile apps. The product attracted considerable interest and an attempted buyout by Adobe when it was still a private company. Figma launched a successful July 2025 initial public offering (IPO), but it soon fizzled amid concerns about ongoing losses and valuation.
The stock fell in the fall, but it began to rebound following the release of the company's Q4 earnings, which were somewhat mixed. Its 2025 revenue of $1.06 billion rose 41%, but its losses of $1.25 billion in 2025 far surpassed the $732 million loss in the previous year. Its net dollar retention increased to 136%, a sign of its product's increased popularity and higher AI adoption. This suggests that AI is not pushing its software product aside like it is with many AI-related software stocks.
The stock currently trades down by more than 80% from its post-IPO high. While its losses leave it with no P/E ratio, the price-to-sales (P/S) ratio has fallen to 15, near record lows, and a level comparable to other promising growth stocks.
NYSE: FIG
Key Data Points
At current prices, $1,050 will buy investors 35 shares. Considering its valuation and the massive growth of its product, this is likely an opportune entry point, as it benefits from a rebound on a strong growth outlook.
Zscaler
Cybersecurity company Zscaler (ZS 2.02%) attracted attention for its cloud native platform and strength in zero-trust security. This unified subscription platform can protect users, devices, and workloads under one umbrella, simplifying cybersecurity for its customers. While it continues to innovate and excel in that area, it has widened its competitive advantage by better capitalizing on AI and pivoting into quantum-resistant cryptography.
Nonetheless, like many tech stocks, investors have worried about the effects of AI disruption. Moreover, competition within cybersecurity has intensified amid the large number of companies in this industry. Such concerns likely played a role in the stock's drop of more than 55% since November.
NASDAQ: ZS
Key Data Points
The company's growth also remains robust, with revenue up 26% in fiscal 2026's Q1 (ended Oct. 31), up from the 23% rise in fiscal 2025. Also, at a net loss of just $12 million for fiscal Q1, it is closing in on profitability.
Additionally, its P/S ratio of 8 is an all-time low for the stock, and at current prices, investors can buy six shares for $906. As it continues its rapid growth and turns toward profitability, the low sales multiple could set new investors up for significant gains over time.
