3 High Growth Tech Stocks to Watch in the United States

The market has climbed by 3.0% over the past week, with every sector up and the Information Technology sector leading the way. In the last year, the market has climbed 25%, with earnings forecast to grow by 15% annually. In this thriving environment, identifying high-growth tech stocks that leverage innovation and strong financial performance can be key to capitalizing on these favorable conditions.

Top 10 High Growth Tech Companies In The United States

Name	Revenue Growth	Earnings Growth	Growth Rating
TG Therapeutics	28.39%	43.54%	★★★★★★
Super Micro Computer	20.66%	27.13%	★★★★★★
Sarepta Therapeutics	23.58%	44.12%	★★★★★★
Invivyd	42.91%	70.39%	★★★★★★
Ardelyx	27.44%	65.92%	★★★★★★
G1 Therapeutics	27.57%	57.75%	★★★★★★
Travere Therapeutics	26.68%	68.80%	★★★★★★
Ascendis Pharma	38.95%	65.96%	★★★★★★
Seagen	22.57%	71.80%	★★★★★★
ImmunoGen	26.00%	45.85%	★★★★★★

Click here to see the full list of 249 stocks from our US High Growth Tech and AI Stocks screener.

Let's review some notable picks from our screened stocks.

Netflix (NasdaqGS:NFLX)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Netflix, Inc. provides entertainment services and has a market cap of $299.15 billion.

Operations: The company generates revenue primarily through its streaming entertainment service, which brought in $36.30 billion.

Netflix's revenue is forecasted to grow at 10.1% annually, outpacing the US market's 8.8%, while its earnings are expected to rise by 16% per year, surpassing the market average of 15.2%. The company recently completed a $996 million fixed-income offering and reported a significant earnings growth of 67.1% over the past year, driven by strategic content investments and partnerships like "The Royals" with Pritish Nandy Communications. Netflix’s R&D expenses have consistently supported innovation in streaming technology and content delivery, contributing to its robust financial performance and future prospects in the competitive OTT space.

• Dive into the specifics of Netflix here with our thorough health report.

• Explore historical data to track Netflix's performance over time in our Past section.

Oracle (NYSE:ORCL)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Oracle Corporation provides a comprehensive suite of products and services for enterprise IT environments globally, with a market cap of $448.98 billion.

Operations: Oracle Corporation generates revenue primarily through three segments: Cloud and License ($45.50 billion), Services ($5.31 billion), and Hardware ($3.01 billion). The company's diverse product offerings cater to various enterprise IT needs globally.

Oracle's projected revenue growth of 10.8% annually surpasses the US market's 8.8%, and its earnings are expected to rise by 16.5% per year, outpacing the market average of 15.2%. The company recently repurchased $150.44 million worth of shares, reflecting robust financial health and confidence in future performance. Oracle’s R&D expenses have consistently driven innovation, with notable investments in AI capabilities such as HeatWave GenAI, enhancing its competitive edge in cloud services and enterprise solutions.

• Get an in-depth perspective on Oracle's performance by reading our health report here.

• Examine Oracle's past performance report to understand how it has performed in the past.

Shopify (NYSE:SHOP)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Shopify Inc. is a global commerce company that offers a comprehensive platform and services for businesses across various regions, with a market cap of $93.51 billion.

Operations: Shopify generates revenue primarily through its Internet Software & Services segment, which amounted to $7.76 billion. The company operates across multiple regions including North America, Europe, the Middle East, Africa, Asia Pacific, Australia, China, and Latin America.

Shopify's revenue is projected to grow at 17.2% annually, outpacing the US market average of 8.8%. Recent partnerships with Zaelab and Pivotree highlight its strategic focus on B2B commerce solutions, enhancing its platform's capabilities and client reach. For Q2 2024, Shopify reported $1.48 billion in sales, up from $1.25 billion a year ago, while net income reached $171 million compared to a loss of $1.31 billion previously. The company's R&D expenses have fueled significant innovations in their commerce platform, contributing to robust growth prospects in the digital transformation era.

• Take a closer look at Shopify's potential here in our health report.

• Gain insights into Shopify's historical performance by reviewing our past performance report.

Turning Ideas Into Actions

• Access the full spectrum of 249 US High Growth Tech and AI Stocks by clicking on this link.
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Ready For A Different Approach?

• 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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