High Growth Tech Stocks To Watch In September 2024
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The market has been flat in the last week but is up 20% over the past year, with earnings forecast to grow by 15% annually. In this context, identifying high-growth tech stocks that can capitalize on these positive trends becomes crucial for investors looking to maximize their returns.
Top 10 High Growth Tech Companies In The United States
| Name | Revenue Growth | Earnings Growth | Growth Rating |
|---|---|---|---|
| Sarepta Therapeutics | 24.22% | 44.94% | ★★★★★★ |
| TG Therapeutics | 28.39% | 43.54% | ★★★★★★ |
| Super Micro Computer | 20.49% | 27.13% | ★★★★★★ |
| Ardelyx | 27.44% | 65.92% | ★★★★★★ |
| G1 Therapeutics | 27.57% | 57.75% | ★★★★★★ |
| Invivyd | 42.91% | 70.39% | ★★★★★★ |
| Ascendis Pharma | 39.71% | 68.43% | ★★★★★★ |
| Travere Therapeutics | 26.68% | 68.81% | ★★★★★★ |
| Seagen | 22.57% | 71.80% | ★★★★★★ |
| ImmunoGen | 26.00% | 45.85% | ★★★★★★ |
Click here to see the full list of 248 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.
Bitdeer Technologies Group
Simply Wall St Growth Rating: ★★★★★☆
Overview: Bitdeer Technologies Group operates as a technology company specializing in blockchain and computing, with a market cap of $785.37 million.
Operations: The company generates revenue primarily from data processing, amounting to $420.89 million. Bitdeer Technologies Group focuses on blockchain and computing solutions.
Bitdeer Technologies Group's recent initiatives highlight its dynamic approach in the tech sector. The company is forecasting a revenue growth of 26% per year, significantly outpacing the US market's 8.6%. Despite being unprofitable, Bitdeer's earnings are projected to grow by an impressive 98.9% annually. Their R&D expenditure underscores their commitment to innovation, with $150 million allocated for advanced AI and ML infrastructure development, enhancing scalability and efficiency across operations.
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Click to explore a detailed breakdown of our findings in Bitdeer Technologies Group's health report.
CleanSpark
Simply Wall St Growth Rating: ★★★★★☆
Overview: CleanSpark, Inc. operates as a bitcoin miner in the Americas and has a market cap of $2.21 billion.
Operations: CleanSpark, Inc. generates revenue primarily from its bitcoin mining operations, amounting to $342.21 million. The company focuses on leveraging advanced technologies to optimize its mining efficiency and profitability within the cryptocurrency sector.
CleanSpark's recent developments underscore its dynamic approach within the tech sector, particularly in Bitcoin mining. The company reported a remarkable revenue growth of 41.3% annually, significantly outpacing the US market's average of 8.6%. Despite a net loss of $236.24 million for Q3 2024, CleanSpark mined 494 bitcoins in July alone and executed power contracts to expand its operational capacity by an additional 75 MW. Their R&D expenditure highlights commitment to innovation with $189 million allocated towards advanced AI infrastructure development enhancing scalability and efficiency across operations.