In pursuing robust market gains, investors usually turn to high-risk growth stocks. These stocks have underlying businesses that continue to grow their top lines at a rapid clip, presenting enticing opportunities for upside potential, especially during a bullish market. With the stock market buoyed by healthy gains and prospects of upcoming rate cuts, the timing is ideal for wagering on high-risk growth stocks.

Many of these companies boast a healthy track record of growth across both lines. Moreover, they haven’t just proven their resilience and demonstrated capacity for impressive returns. With that said, here’s a look at a few of these high-flyers, renowned for their notable performances of late and considered higher-risk investment choices.

GigaCloud Technology (GCT)

GigaCloud Technology (NASDAQ:GCT) is a niche e-commerce player in the B2B landscape specializing in the large parcel sector, dealing with items such as furniture and fitness equipment. Despite operating in a rather unconducive economic environment, GCT stock continues to deliver for its stockholders, gaining more than 370% in 2023 alone!

2023 was a massive year for the company as revenue surged by roughly 44% to $704 million. Perhaps even more impressive was its profitability where operating income jumped to $113.3 million, a 224% increase from 2022. Its stellar showing has plenty to do with the improvements in its marketplace services, strong execution and strategic acquisitions.

It is looking to integrate its Noblehouse and Wondersign acquisitions seamlessly, building substantial revenue synergies while bolstering its marketplace offerings. Also, its newest branding-as-a-service will further enhance GCT’s market competitiveness. Hence, this strategic expansion efficiently diversifies GigaCloud’s service portfolio while solidifying its position in its niche.

FTAI Aviation (FTAI)

FTAI Aviation (NASDAQ:FTAI) is one of the top players in the aerospace sector. It is involved in selling and leasing the most popular aircraft engine, the CFM56. This success extends to its expertise in V2500 engines, positioning the firm as a critical supplier for both commercial and private aviation sectors.

Moreover, despite the near-term risks, FTAI’s outlook remains remarkably positive. With the robust global demand for air travel and the company’s leadership position in aircraft engine development, FTAI is positioned to capitalize on the ongoing need for reliable aviation solutions. Hence, their strategic presence underscores an encouraging trajectory for sustained growth and long-term profitability.

Recent results have been excellent with year-over-year (YOY) growth in its top line at 33%, compared to the five-year average of 53%. Additionally, its YOY EBITDA growth of 24% beats the sector median by 175%. Also, its operating cash flow growth is a whopping 458%, more than 2,510% than the sector median.

Furthermore, FTAI is a stock in demand, gaining more than 106% in the past six months alone. Some might argue it’s peaking too soon but let’s not overlook the silver lining — a growing dividend that yields a cool 1.42%.

BYD (BYDDY)

Chinese EV giant BYD (OTCMKTS:BYDDY) turned heads last year when it knocked Tesla (NASDAQ:TSLA) off its perch to become the frontrunner in the electric vehicle (EV) space. Moreover, despite the industry headwinds, BYD has kept up the pace so far this year, delivering 936,446 passenger vehicles, for a 24% increase on a year-to-date (YTD) basis. Of these sales, roughly 46% were purely EV sales, which climbed 18% to 434,579.

Moreover, BYD isn’t resting on its laurels, having multiple catalysts in motion to take its business to the next level. It is looking to expand globally in markets such as the U.K., Brazil, Indonesia and India, among others. In Brazil, it plans to develop a production facility that could potentially produce up to 150,000 units annually.

Furthermore, the company is innovating with new launches, including the Seagull EV. Priced around $12,000, the Seagull matches the craftsmanship of U.S. EVs, which cost three times as much. As BYD prepares to launch the Seagull in the U.K. next year, its global footprint and market dominance are expected to grow even more in the upcoming quarters.

On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines