Exploring High Growth Tech Stocks in the United States December 2024

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Over the last 7 days, the United States market has experienced a 4.0% drop, yet it remains up by 24% over the past year with earnings forecasted to grow by 15% annually. In this dynamic landscape, identifying high growth tech stocks involves focusing on companies that demonstrate strong innovation and adaptability to capitalize on these promising market conditions.

Top 10 High Growth Tech Companies In The United States

Name

Revenue Growth

Earnings Growth

Growth Rating

Super Micro Computer

23.95%

24.32%

★★★★★★

Ardelyx

25.47%

69.63%

★★★★★★

Alnylam Pharmaceuticals

22.34%

70.30%

★★★★★★

Sarepta Therapeutics

23.98%

42.48%

★★★★★★

Clene

77.61%

59.19%

★★★★★★

TG Therapeutics

34.86%

56.98%

★★★★★★

Alkami Technology

21.94%

98.60%

★★★★★★

Travere Therapeutics

31.70%

72.51%

★★★★★★

Seagen

22.57%

71.80%

★★★★★★

ImmunoGen

26.00%

45.85%

★★★★★★

Click here to see the full list of 235 stocks from our US High Growth Tech and AI Stocks screener.

Below we spotlight a couple of our favorites from our exclusive screener.

Applied Optoelectronics

Simply Wall St Growth Rating: ★★★★★☆

Overview: Applied Optoelectronics, Inc. designs, manufactures, and sells fiber-optic networking products in the United States, Taiwan, and China with a market capitalization of $1.45 billion.

Operations: The company generates revenue primarily from its optical networking equipment segment, totaling $209.55 million.

Applied Optoelectronics, a player in the high-tech optics sector, is navigating a challenging landscape with significant volatility and recent strategic moves aimed at stabilization and growth. Despite reporting a net loss of $17.76 million in Q3 2024, up from $8.95 million the previous year, the company is optimistic about its future, projecting Q4 revenues between $94 million to $104 million. This projection aligns with their aggressive R&D investment strategy which remains crucial as they aim to reverse their fortunes and capitalize on growing demands in tech innovations. Recent activities including multiple follow-on equity offerings indicate efforts to bolster financial flexibility amidst these transitions.

NasdaqGM:AAOI Earnings and Revenue Growth as at Dec 2024
NasdaqGM:AAOI Earnings and Revenue Growth as at Dec 2024

Travelzoo

Simply Wall St Growth Rating: ★★★★★☆

Overview: Travelzoo, with a market cap of $250.84 million, operates as an Internet media company offering travel, entertainment, and local experiences globally through its subsidiaries.

Operations: The company generates revenue primarily from Travelzoo North America ($54.97 million) and Travelzoo Europe ($24.90 million), with additional contributions from Jack’s Flight Club ($4.27 million) and New Initiatives ($0.24 million).