7 Stocks With Cosmic Potential – Finding the Next “Moonshot” Investments

May 16, 2024

By Kerry Grinkmeyer

There are only two main ways to make big money in the stock market. The first is to identify depressed stocks that are undervalued due to temporary factors like interest rates, inflation, or industry cyclicality. I calls these potential rebound plays his “MoonShots.”

 

Some examples are semiconductor companies hit by the current chip downcycle like Aehr (EHR), Skywater Technology (SKYT), and Ultra Clean Technology (UCTT). I see huge upside in these stocks once demand recovers, projecting 2-3 year returns of 358%, 195%, and 354% respectively.  

 

Another is NVTS Corp (NVTS), a maker of gallium nitride semiconductor wafers. With a potential 2,741% return forecast, NVTS’s technology could enable more efficient chips for AI computing demanded by companies like Nvidia.

 

The second category are stocks driving major technological changes and revolutions. This includes artificial intelligence/Big Data companies like Nvidia (NVDA), Micron (MU), and SoundHound (SOUN). I see NVDA rising 319%, MU 174%, and voice AI pioneer SOUN by 268% over the next 2-3 years.

 

Other disruption plays are synthetic biology company Twist Bioscience (TWST), robotics/automation firm Symbotic (SYM) with a 377% projected return, and green datacenter operator Applied Digital (APLD) with a wild 722% return forecast harnessing new AI computing power.

 

My approach analyzes companies’ projected revenue and earnings growth versus their current valuation multiples. My analysis suggests many cutting-edge tech stocks could be heading to the “moon” in coming years, making them attractive targets for bold investors.

 

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