The United States market has shown a positive trajectory, climbing 1.6% in the last week and rising 12% over the past year, with earnings projected to grow by 14% annually in the coming years. In this context of robust growth, identifying high-growth tech stocks involves looking for companies that demonstrate strong innovation and adaptability within this dynamic economic landscape.
Top 10 High Growth Tech Companies In The United States
| Name | Revenue Growth | Earnings Growth | Growth Rating |
|---|---|---|---|
| Super Micro Computer | 26.38% | 39.09% | ★★★★★★ |
| Mereo BioPharma Group | 53.63% | 66.57% | ★★★★★★ |
| Alvotech | 29.03% | 53.53% | ★★★★★★ |
| Ardelyx | 20.78% | 59.46% | ★★★★★★ |
| TG Therapeutics | 26.46% | 38.75% | ★★★★★★ |
| AVITA Medical | 27.36% | 60.93% | ★★★★★★ |
| Alkami Technology | 20.54% | 76.67% | ★★★★★★ |
| Alnylam Pharmaceuticals | 23.63% | 60.71% | ★★★★★★ |
| Ascendis Pharma | 35.14% | 60.18% | ★★★★★★ |
| Lumentum Holdings | 22.99% | 103.97% | ★★★★★★ |
Click here to see the full list of 231 stocks from our US High Growth Tech and AI Stocks screener.
We're going to check out a few of the best picks from our screener tool.
CrowdStrike Holdings (CRWD)
Simply Wall St Growth Rating: ★★★★★☆
Overview: CrowdStrike Holdings, Inc. offers cybersecurity solutions both in the United States and internationally, with a market capitalization of approximately $118.89 billion.
Operations: With a revenue of $4.14 billion from its Security Software & Services segment, CrowdStrike Holdings focuses on delivering cybersecurity solutions globally.
CrowdStrike's recent collaboration with NVIDIA to integrate Falcon® Cloud Security with NVIDIA universal LLM NIM microservices marks a significant advancement in AI-driven cybersecurity. This partnership not only enhances protection across hybrid and multi-cloud environments but also positions CrowdStrike at the forefront of securing Enterprise AI factories, crucial as AI risks like data poisoning and sensitive data leakage escalate. With this strategic move, CrowdStrike demonstrates its commitment to innovation by embedding comprehensive lifecycle protections for over 100,000 LLMs, ensuring robust security from development through deployment. This initiative reflects CrowdStrike’s proactive approach in adapting to the evolving threat landscape, offering enterprises enhanced capabilities to safeguard their critical AI applications effectively.
Palantir Technologies (PLTR)
Simply Wall St Growth Rating: ★★★★★★
Overview: Palantir Technologies Inc. develops software platforms for intelligence and counterterrorism operations globally, with a market cap of $321.87 billion.
Operations: The company generates revenue primarily through its two segments: Commercial, which brought in $1.39 billion, and Government, with $1.72 billion.
Palantir Technologies has demonstrated a robust growth trajectory, with earnings surging by 91.2% over the past year, significantly outpacing the software industry's average of 20.5%. This growth is underpinned by strategic partnerships aimed at enhancing digital transformation across various sectors, such as the recent collaboration with Fedrigoni to optimize stock management and demand forecasting. Looking ahead, Palantir's revenue is projected to grow at an annual rate of 22.4%, bolstered by its innovative AI solutions and strategic alliances that expand its operational capabilities in critical sectors like healthcare and manufacturing. These efforts are not only enhancing Palantir’s market position but also driving substantial financial performance improvements, evidenced by a forecasted annual earnings growth of 30.6%.
- Get an in-depth perspective on Palantir Technologies' performance by reading our health report here.
Evaluate Palantir Technologies' historical performance by accessing our past performance report.
Reddit (RDDT)
Simply Wall St Growth Rating: ★★★★★☆
Overview: Reddit, Inc. operates a digital community platform both in the United States and internationally, with a market cap of approximately $21.23 billion.
Operations: The company generates revenue primarily from its role as an Internet Information Provider, amounting to approximately $1.45 billion.
Reddit's strategic focus on enhancing its AI capabilities is reflected in its significant R&D investment, which has grown to represent 18% of its total revenue, up from 15% two years ago. This investment is pivotal as the company transitions more deeply into AI-driven platforms, aligning with industry shifts towards more personalized and interactive online experiences. Recent financials underscore this direction with a notable increase in quarterly sales to $392 million from $243 million year-over-year and a swing to a net income of $26.16 million from a previous net loss. The appointment of Adam Collins as Chief Communications Officer further solidifies Reddit's intent to bolster its role within the tech ecosystem, aiming to enhance both internal strategies and user engagement across its vast network of communities.
- Delve into the full analysis health report here for a deeper understanding of Reddit.
Assess Reddit's past performance with our detailed historical performance reports.
Next Steps
- Embark on your investment journey to our 231 US High Growth Tech and AI Stocks selection here.
- Got skin in the game with these stocks? Elevate how you manage them by using Simply Wall St's portfolio, where intuitive tools await to help optimize your investment outcomes.
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Curious About Other Options?
- Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
- Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
- Find companies with promising cash flow potential yet trading below their fair value.
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.
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