The Millionaire Makers: 3 Stocks With Promising 10X Potential


  • Their relentless focus is on advanced and strategic expansion to capitalize on emerging market trends.
  • Navitas (NVTS): Anticipates top-line growth in 2024, driven by EV charger development.
  • ACM Research (ACMR): Its revenue surged in 2023, propelled by advanced cleaning solutions for semiconductor manufacturing.
  • SurgePays (SURG): Attained profitability in 2023, with significant revenue growth and expanded gross profit margins.
Millionaire-Maker Stocks - The Millionaire Makers: 3 Stocks With Promising 10X Potential

Source: Faces Portrait /

Finding a needle in a haystack is how one might describe locating profitable investment prospects. But despite the uncertainties, three exceptional equities have drawn the interest of wise investors because they provide viable avenues for accumulating wealth. 

The first one is a shining example of sustainable transportation, with a projected revenue increase of 40–50% in 2024 thanks to the expanding electric vehicle (EV) industry. The business portrays itself as a major player in delivering semiconductor solutions for EV chargers. This is tapping into a sector expected to develop exponentially in the upcoming years as the globe turns towards greener energy options. Similarly, the second one leads semiconductor innovation, leveraging the growing market need for sophisticated cleaning solutions.

Finally, the third one deftly handles the telecommunications industry, attaining profitability through well-timed acquisitions and technological advancements. The company moved into prepaid wireless services, emphasizing enhancing operational efficiency. This indicates that it may have long-term growth in a dynamic industry.

Overall, these three businesses offer windows into sectors of the economy that are poised for substantial growth.

Navitas (NVTS)

semiconductor stocks Close-up electronic circuit board. technology style concept. representing semiconductor stocks. top semiconductor stocks to buy now. semiconductor stocks
Source: Shutterstock

Navitas (NASDAQ:NVTS) projects annual revenue growth of 40% to 50% in 2024 compared to 2023. This reflects Navitas’s expected future revenue growth trend. Navitas exhibits confidence in its business concept and market potential by forecasting robust revenue growth.

Furthermore, Navitas is a leading developer of roadside and onboard EV chargers. Its chargers support battery systems with up to 800 volts and 400 volts. Navitas’ involvement in the swiftly growing EV industry takes advantage of the worldwide trend toward using renewable energy sources and EVs by providing semiconductor solutions for EV chargers. Thus, based on its long-term goal of being a premier supplier of power semiconductor solutions for environmentally friendly transportation, Navitas focuses on a market diversification strategy.

Finally, the firm uses GaNSafe and Generation-3 fast silicon carbide technologies more quickly in solar and energy storage applications. This pattern shows that Navitas has been successful in breaking into the renewable energy sector and advancing solar and energy storage system technology. Therefore, Navitas contributes to the broader use of renewable energy solutions by improving the efficiency and performance of solar inverters by utilizing silicon carbide and GaNSafe technology. 

ACM Research (ACMR)

a magnifying glass enlarges the ACM logo on a website
Source: Pavel Kapysh /

The broad range of products from ACM Research (NASDAQ:ACMR), especially in advanced packaging, ECP furnaces, and single-wafer cleaning, drives the company’s top-line growth. Sales of semi-critical and single-wafer cleaning solutions increased by 48% in 2023, accounting for 72% of overall sales.

Additionally, because of its extensive cleaning range, the company may be a vital partner for the growth of China’s mature nodes and foreign markets. ACM Research’s flagship products, such as the SAPS Tahoe and TEBO single-wafer cleaning devices, have distinctive technological characteristics. Hence, these set them apart and increase client demand and income.

Moreover, launching technologically sophisticated goods like the SAPS Tahoe and TEBO single-wafer cleaning devices is vital, which supported the revenue increase in 2023. These goods meet the growing need for sophisticated cleaning agents in the semiconductor industry.

Finally, ACM Research strongly emphasizes innovation in both new and existing goods. In 2024, the business intends to introduce several significant new products. These include the semi-critical CO2 dry cleaning tool, the high-temperature SPM single wafer cleaning tool, and the bevel etch cleaning tool.

SurgePays (SURG)

Illustration of phone with dollar sign and other graphics symbolizing fintech displayed on and around it, with a blue background. Fintech Stock Bargains

The profitability KPIs of SurgePays (NASDAQ:SURG) demonstrate the company’s capacity to profit from its primary business and control expenses. The company’s net profits in 2023 were $20.6 million, substantially improving from the $0.7 million it lost the year before. This increase in profitability is evidence of SurgePays’ enhanced capacity for revenue generation and operational edge.

Furthermore, the company streamlines its cost structure and maximizes revenue. This progress is reflected in its 26% gross profit margin growth. Thus, the company’s dedication to innovation and improving the client experience is reflected in the acquisition of Clearline Mobile’s technology and its integration into the SurgePays platform. Moreover, introducing SurgePays’ prepaid cellular business, Linkup Mobile, demonstrates the company’s strategic emphasis on expanding its top line and taking advantage of industry developments.

Lastly, SurgePays’ revenue rise is a major sign of the company’s financial stability and market presence. The company hit a major milestone in 2023, as its sales increased by 13% to $137.1 million from the year before. Therefore, this growth pattern indicates SurgePays’ capacity to seize market share and successfully cater to its intended customer base.

As of this writing, Yiannis Zourmpanos held a long position in ACMR. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines.

Yiannis Zourmpanos is the founder of Yiazou Capital Research, a stock-market research platform designed to elevate the due diligence process through in-depth business analysis.

Article printed from InvestorPlace Media,

©2024 InvestorPlace Media, LLC