Exploring High Growth Tech Stocks In The US Market
The United States market has remained flat over the past week but has seen a 13% rise in the last year, with earnings projected to grow by 14% annually. In this context of steady growth, identifying high-growth tech stocks involves looking for companies that demonstrate strong innovation and adaptability to capitalize on emerging opportunities.
|
Name |
Revenue Growth |
Earnings Growth |
Growth Rating |
|---|---|---|---|
|
Super Micro Computer |
26.38% |
39.09% |
★★★★★★ |
|
Mereo BioPharma Group |
53.63% |
66.57% |
★★★★★★ |
|
Ardelyx |
20.78% |
59.46% |
★★★★★★ |
|
Travere Therapeutics |
26.41% |
64.47% |
★★★★★★ |
|
TG Therapeutics |
26.46% |
38.75% |
★★★★★★ |
|
AVITA Medical |
27.28% |
60.66% |
★★★★★★ |
|
Alkami Technology |
20.54% |
76.67% |
★★★★★★ |
|
Alnylam Pharmaceuticals |
23.64% |
61.12% |
★★★★★★ |
|
Ascendis Pharma |
35.15% |
60.20% |
★★★★★★ |
|
Lumentum Holdings |
21.59% |
110.32% |
★★★★★★ |
Click here to see the full list of 228 stocks from our US High Growth Tech and AI Stocks screener.
Let’s uncover some gems from our specialized screener.
Simply Wall St Growth Rating: ★★★★★☆
Overview: Applied Digital Corporation focuses on designing, developing, and operating digital infrastructure solutions and cloud services for the high-performance computing and artificial intelligence industries in North America, with a market cap of approximately $2.28 billion.
Operations: The company generates revenue primarily through its Cloud Services Segment, contributing $88.11 million, and Datacenter Hosting Segment, adding $133.08 million.
Applied Digital, despite its current unprofitability, is on a trajectory to outpace the U.S. market with an expected annual revenue growth of 37.6% and earnings growth forecast at 68.3%. This growth is underpinned by strategic moves such as securing two long-term lease agreements potentially worth $7 billion over their duration, which will utilize the company’s Ellendale data center to support AI and high-performance computing infrastructures for CoreWeave. The focus on AI and scalability at this facility not only highlights Applied Digital’s commitment to cutting-edge technology but also positions it advantageously within the rapidly expanding tech sector. These developments suggest a robust potential for future profitability and market presence, aligning with broader industry trends towards specialized data handling and infrastructure development for emerging technologies.
Simply Wall St Growth Rating: ★★★★★☆
Overview: BridgeBio Pharma, Inc. is a commercial-stage biopharmaceutical company focused on discovering, creating, testing, and delivering transformative medicines for genetic diseases and cancers with a market cap of $6.73 billion.
Operations: BridgeBio Pharma generates revenue primarily from identifying and advancing transformative medicines, with reported earnings of $127.42 million. The company operates within the biopharmaceutical industry, concentrating on genetic diseases and cancer treatments.
BridgeBio Pharma, with a notable annual revenue growth of 42.6%, is carving out a strong position in the biotech sector, particularly in transthyretin amyloid cardiomyopathy (ATTR-CM) treatments. Recent presentations at medical conferences and publications in journals like JACC underline the effectiveness of their drug acoramidis, which has shown significant clinical benefits such as reduced cardiovascular-related hospitalizations. This focus on specialized treatment for ATTR-CM not only highlights BridgeBio’s innovative approach but also its potential to meet unmet medical needs effectively, positioning it well for future growth within this niche market.
Simply Wall St Growth Rating: ★★★★★★
Overview: Super Micro Computer, Inc. specializes in developing and selling high-performance server and storage solutions with a modular and open architecture across global markets, with a market cap of approximately $24.59 billion.
Operations: Super Micro Computer, Inc. generates revenue primarily from developing and providing high-performance server solutions, amounting to approximately $21.57 billion. The company operates on a global scale, leveraging modular and open architecture in its product offerings.
Super Micro Computer, a key contributor to high-growth tech sectors, is making significant strides in AI and data center solutions. Recently, the company announced collaborations that leverage its high-performance servers for AI applications across various industries. These partnerships underscore Supermicro’s commitment to innovation and its ability to meet the increasing demands for advanced computing capabilities. Notably, Supermicro’s R&D expenses have been strategically allocated to enhance their product offerings in AI-optimized hardware, reflecting a robust investment in future technologies. With an annual revenue growth of 26.4% and earnings growth at 39.1%, Supermicro is poised to capitalize on the expanding market for enterprise-grade AI solutions while continuing to innovate within this dynamic industry landscape.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include NasdaqGS:APLD NasdaqGS:BBIO and NasdaqGS:SMCI.
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