Over the last 7 days, the United States market has risen by 2.9%, contributing to a 12% increase over the past year, with earnings expected to grow by 14% annually in the coming years. In this context of robust market performance, identifying high growth tech stocks involves looking for companies that demonstrate strong innovation potential and scalability within this thriving economic landscape.
Top 10 High Growth Tech Companies In The United States
| Name | Revenue Growth | Earnings Growth | Growth Rating |
|---|---|---|---|
| Super Micro Computer | 26.28% | 37.43% | ★★★★★★ |
| Ardelyx | 20.57% | 59.97% | ★★★★★★ |
| Travere Therapeutics | 25.82% | 65.45% | ★★★★★★ |
| Blueprint Medicines | 21.36% | 61.45% | ★★★★★★ |
| TG Therapeutics | 26.46% | 38.75% | ★★★★★★ |
| Alnylam Pharmaceuticals | 23.65% | 61.11% | ★★★★★★ |
| AVITA Medical | 27.28% | 60.66% | ★★★★★★ |
| Alkami Technology | 20.54% | 76.67% | ★★★★★★ |
| Ascendis Pharma | 35.16% | 60.26% | ★★★★★★ |
| Lumentum Holdings | 21.59% | 110.32% | ★★★★★★ |
Click here to see the full list of 233 stocks from our US High Growth Tech and AI Stocks screener.
Here's a peek at a few of the choices from the screener.
Nutanix (NasdaqGS:NTNX)
Simply Wall St Growth Rating: ★★★★★☆
Overview: Nutanix, Inc. offers an enterprise cloud platform across various global regions, with a market cap of $22.07 billion.
Operations: The company generates revenue primarily through its Internet Software & Services segment, amounting to $2.32 billion.
Nutanix recently enhanced its board with Eric K. Brandt, bringing robust financial and operational expertise from his tenure at Broadcom, which could bolster strategic decision-making. The company's innovative Cloud Native AOS solution marks a significant step in simplifying Kubernetes applications across various infrastructures, potentially increasing its competitiveness in cloud technology. Moreover, Nutanix's partnership with Pure Storage aims to address the growing demand for scalable virtual workloads management, reflecting a strategic move to capture more of the virtualization market. These developments could play crucial roles in Nutanix’s trajectory towards profitability and market share expansion in the evolving tech landscape.
- Click here to discover the nuances of Nutanix with our detailed analytical health report.
Understand Nutanix's track record by examining our Past report.
Guidewire Software (NYSE:GWRE)
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Guidewire Software, Inc. offers a platform for property and casualty insurers globally, with a market cap of approximately $18.20 billion.
Operations: The company generates revenue primarily through its Software & Programming segment, contributing $1.08 billion.
Guidewire Software has been actively enhancing its cloud offerings, as evidenced by recent migrations of core applications to the Guidewire Cloud Platform for clients like P&V Group and Beneva. These moves not only streamline client operations but also adapt swiftly to market demands, underpinning Guidewire's strategic pivot towards cloud-based services. Financially, while currently unprofitable, Guidewire is expected to see a revenue growth of 12.8% annually and an impressive earnings growth forecast of 54.77% per year. This transition to profitable operations is anticipated within three years, signaling robust potential amidst a competitive software landscape focused increasingly on SaaS models and digital transformation solutions.
- Click to explore a detailed breakdown of our findings in Guidewire Software's health report.
Examine Guidewire Software's past performance report to understand how it has performed in the past.
Spotify Technology (NYSE:SPOT)
Simply Wall St Growth Rating: ★★★★★☆
Overview: Spotify Technology S.A., along with its subsidiaries, offers audio streaming subscription services globally and has a market capitalization of approximately $134.58 billion.
Operations: Spotify generates revenue primarily through its Premium subscription service, which accounts for €14.34 billion, and its Ad-Supported segment, contributing €1.88 billion.
Spotify Technology's recent financial performance underscores its robust position in the tech sector, with first-quarter sales rising to €4.19 billion from €3.64 billion year-over-year and net income increasing to €225 million from €197 million. This growth is complemented by an earnings forecast promising a 25.2% annual increase, signaling strong future prospects. Moreover, the company's commitment to innovation is evident in its R&D spending trends, which are strategically aligned with expanding its technological capabilities and enhancing user experience in a competitive market. These factors collectively highlight Spotify's dynamic approach to scaling operations and adapting to evolving market demands while maintaining financial health and driving substantial revenue growth.
Summing It All Up
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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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