If you're a growth stock investor, the recent market pullback has to have you wondering when it's time to pounce on the discounts. Shares of CoreWeave (NASDAQ: CRWV), Oklo (NYSE: OKLO), and DoorDash (NASDAQ: DASH), for example, are trading 63%, 76%, and 49% below their 52-week highs.

Did you notice? Cathie Wood noticed. The co-founder and CEO of Ark Invest added to all three existing positions across her ETFs. With CoreWeave and Oklo moving 8% to 10% lower, she probably got in at a good price. Let's take a closer look at these latest moves.

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CoreWeave stock has been publicly traded for only 12 months, but it's been everywhere. It hit the market at $40 53 weeks ago and quickly traded as high as $187, only to give back the lion's share of those gains.

There's no denying that the hyperscaler is living up to the hype as it scales. Revenue more than doubled in each of the past year's quarters. Analysts see revenue doubling again this year, modeling 143% in top-line growth. A 63% pullback seems extreme if not unfair, but CoreWeave probably shouldn't have more than quadrupled out of the gate.

CoreWeave is in the right place at the right time. Demand for AI is booming, and CoreWeave offers the high-performance, low-latency GPU computing infrastructure to make AI models breeze through the process.

The company didn't initially start this way. CoreWeave began as a side gig for hedge fund traders, collecting GPUs to mine crypto. After a crash in digital currencies sent most of its peers packing, CoreWeave decided to take advantage of fire-sale pricing on hardware and pivot to a new specialty. The AI revolution came at the perfect time to make CoreWeave's gamble pay off.

That doesn't mean CoreWeave is conventionally cheap. It's still at least a couple of years away from profitability. It has a debt-heavy balance sheet, because building up its empire hasn't come cheap. CoreWeave trades at an enterprise value that is 13 times its trailing revenue. The ceiling remains high here, but the floor can can be a trap door if the AI boom goes bust.

Oklo and CoreWeave have entirely different businesses, but they have a similar growth trajectory over the past year. Last summer, as CoreWeave more than doubled from its springtime IPO, Oklo had more than quadrupled over the past year. Oklo is an energy company, but its fast fission tech and nuclear recycling strengths made it a winner in the AI boom.

Cranking out generative and agentic AI is resource-intensive, and Oklo, like CoreWeave, is in the right place at the right time with an energy-efficient solution for a trend that's a bit of a resource hog. A big difference is that Oklo has yet to generate meaningful revenue. Losses have widened in each of the past four years, not surprising for a pre-revenue company ramping up its business.

Oklo stock investors will need to be patient. It will take another three years for Oklo to crack a modest $100 million in annual revenue, and four years to achieve profitability.

Finally, we wrap up this three-course meal with DoorDash delivering dessert. It was the only one of the three stocks to move higher on Monday, but the stock is still down a brutal 35% through the first three months of this year.

The leading third-party app for restaurant delivery is holding up well financially. Revenue accelerated in 2025. The 38% year-over-year top-line growth the company posted in its latest quarter is its strongest jump in nearly three years. It posted record earnings in 2025, even if it has fallen short of Wall Street's profit targets in back-to-back quarters.

It's easy to see why DoorDash is falling out of favor in a climate where gas prices are popping and economic concerns are mounting. DoorDash needs low gas prices to keep its drivers engaged. The platform also needs customers to feel confident in the economy to pay a premium to have food and other merchant essentials delivered. The platform has achieved ubiquity, but it's not an all-weather business. Wood naturally sees an opportunity in this year's sharp correction.

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Rick Munarriz has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends DoorDash. The Motley Fool has a disclosure policy.

Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought was originally published by The Motley Fool