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Are you looking for really big investment wins? Of course, such trades require you to take an above-average risk, but there is no guarantee that a big profit will be achieved. And it often takes years to fully reap the rewards. But it’s certainly worth it.
With this as background, we’ve put together three prospects that can turn your $10,000 investment into relative fortune. If you try your hand at swinging, always keep an eye on it. After all, these stocks have significant upside potential, especially since the future of the underlying companies remains somewhat uncertain.
rocket lab usa
Humankind began deploying communication satellites in the late 1950s and began using them in earnest in the 1960s. Since the beginning of this century, they have been used to provide broadband-based Internet access to and from space.
However, we have only scratched the surface of the potential demand for satellite-based communications. Everything is going digital, forcing businesses and institutions to find ways to process more information more efficiently.
input rocket lab usa (RKLB 0.21%).
As its name suggests, Rocket Lab launches satellites into space. Thanks to the company’s technology, more than 1,700 satellites are in orbit to date. Additionally, 22 launches are already scheduled for the current year, many of which will carry multiple satellites. In the meantime, more launches may be scheduled for this year. This could push the company’s sales growth rate to 19% in 2024, which analysts currently expect.
However, this new era of space-based telecommunications is still in its infancy. Now that all of these related technologies and their needs have caught up with each other, industry research and consulting firm Kirti Space believes there will be approximately 20,000 more satellites in orbit by the end of the 2010s.
And Rocket Lab USA is off to a great start to winning this not-so-distant future business. While this year’s growth outlook is just out of this world, the analyst community is predicting a whopping 72% revenue growth next year.
Even so, it was not enough to bring the company from the red to the black. But it would push it in that direction and further flesh out Rocket Lab’s long-term potential as a solution provider in the rapidly evolving orbital launch business.
enphase energy
It’s been a tough year for solar power equipment manufacturers. enphase energy (ENPH -2.88%), and by extension Enphase Energy shareholders. Demand for new solar panel installations has declined due to the economic downturn, and stock prices have fallen more than 60% since late 2022.
However, don’t mistake short-term headwinds for declining long-term opportunities. Enphase should still have its day in the sun.
For those who don’t know, Enphase Energy manufactures solar power hardware. However, the company does not manufacture solar panels. Panels are now practically a commodity. Rather, Enphase makes inverters that convert sunlight into usable electricity. While the company’s IQ8 microinverter works equally well in commercial and residential environments, the corresponding technology makes his Enphase equipment highly suitable for home use.
As I mentioned earlier, last year was a tough year. Analysts expect full-year sales growth to be zero when the company reports fourth-quarter results early next month. Profits probably fell slightly. The analyst community expects the company’s sales and bottom line to decline this year as demand for solar technology remains tight due to economic headwinds.
However, take a step back and look at the big picture. Solar power is central to the future of the energy industry. Despite current weakness, the U.S. Energy Information Administration says solar power will account for nearly all of the nation’s generating capacity this year and next, reflecting clean energy efforts in other parts of the world. I predict that. Indeed, with 79 gigawatts worth of additional generation capacity projected, the share of solar power in domestic energy production will rise to 7% by the end of 2025 from 4% last year, once again reflecting global demand.
In the long run, things become even more attractive. According to Mordor Intelligence, the global energy market is expected to expand at an annual rate of nearly 30% between now and 2029. Enphase stock’s recent selloff is a way to get into that megatrend at a discount.
Nvidia
Last but not least, please add Nvidia (NVDA 4.17%) Consider that a $10,000 investment today in your stock list could grow into a huge fortune in 10 years.
The company is the largest and has the best foundation of the three companies in question. As such, it also has the lowest potential return and is the least risky of the three prospects. However, that doesn’t mean it can’t generate significant profits in the foreseeable future.
Key to this growth is the emergence of artificial intelligence.
The world has made amazing achievements with technology to date, but we are only just beginning to think about how to commercialize AI. Precedence Research believes the global AI market will expand from a total of around $500 billion in 2023 to more than $2.5 trillion in 2032. What is his Nvidia’s position in this market? Enabling the hardware that enables AI. Estimates put its market share at around 90%.
The key to gaining and maintaining this dominant market share is a purpose-built turnkey AI platform that leverages NVIDIA’s proven video processing architecture. As it turns out, the same technology that makes great graphics cards is also perfect for AI applications.
In fact, Nvidia’s latest GeForce RTX Super GPU (graphics processing unit) allows the laptop to be used as a generative AI workstation, and the HGX H200 platform announced last November delivers “141 at 4.8 terabytes per second. GB of memory and nearly double the capacity to 2.4 Terabytes.”xx more bandwidth compared to the previous generation NVIDIA A100. ” This is important because increased computing speed enables more powerful AI applications.
The era of greatest growth for AI businesses is likely behind us. But the runway is still very long and there are many opportunities ahead. And with about three-quarters of the company’s revenue now coming from AI solutions, the industry’s impending growth bodes well for his Nvidia.
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