High Growth Tech Stocks to Watch in December 2024

In This Article:

The United States market has experienced a flat performance over the last week but has seen an impressive 32% increase over the past year, with earnings projected to grow by 15% annually in the coming years. In this environment, identifying high growth tech stocks involves focusing on companies that demonstrate strong potential for innovation and scalability, aligning well with these optimistic growth expectations.

Top 10 High Growth Tech Companies In The United States

Name

Revenue Growth

Earnings Growth

Growth Rating

Super Micro Computer

23.83%

24.32%

★★★★★★

Ardelyx

25.24%

69.64%

★★★★★★

Sarepta Therapeutics

24.00%

42.51%

★★★★★★

Alnylam Pharmaceuticals

22.35%

70.33%

★★★★★★

Clene

78.50%

60.16%

★★★★★★

TG Therapeutics

34.66%

56.98%

★★★★★★

Alkami Technology

21.89%

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 245 stocks from our US High Growth Tech and AI Stocks screener.

Here's a peek at a few of the choices from the screener.

Bit Digital

Simply Wall St Growth Rating: ★★★★★☆

Overview: Bit Digital, Inc. is involved in the bitcoin mining industry and has a market capitalization of approximately $677.77 million.

Operations: The company operates in the bitcoin mining sector, generating revenue primarily from software and programming, which amounts to $98 million.

Bit Digital's recent performance underscores a challenging yet evolving landscape. Despite a significant revenue jump to $22.71 million in Q3 2024 from $11.56 million the previous year, the company faced a steep net loss increase to $38.8 million from $7.18 million, reflecting aggressive investment and scaling challenges in high-performance computing (HPC). The firm's strategic partnership with Boosteroid, potentially adding up to $700 million in revenue over five years, highlights its push into lucrative markets despite current profitability hurdles. Moreover, R&D efforts remain robust as Bit Digital aims to capitalize on advanced GPU technologies and expand its service offerings, positioning it for potential future growth amid high market volatility and competitive pressures.

NasdaqCM:BTBT Revenue and Expenses Breakdown as at Dec 2024
NasdaqCM:BTBT Revenue and Expenses Breakdown as at Dec 2024

Canaan

Simply Wall St Growth Rating: ★★★★★☆

Overview: Canaan Inc. focuses on the research, design, and sale of integrated circuits for bitcoin mining equipment in China, with a market cap of $599.63 million.

Operations: The company generates revenue primarily from the sale of semiconductors, amounting to $229.63 million. It also engages in leasing final mining equipment by integrating its integrated circuit products for bitcoin mining and related components in China.


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