2 Breakout Growth Stocks You Can Buy and Hold for the Next Decade

Core Insights - Many hypergrowth stocks have experienced a sell-off due to rising interest rates, creating potential buying opportunities for investors [1] Company Summaries SoundHound AI - SoundHound AI is an AI-driven audio recognition company that is currently valued at nearly 30 times this year's sales, but has significant growth potential as companies upgrade their AI and voice recognition capabilities [2][3] - The company's revenue grew by 47% in both 2022 and 2023, with expectations for a CAGR of 50% from 2023 to 2025 [9] - SoundHound AI's adjusted EBITDA remains negative but is improving as the company scales its business [9] - The company has made strategic acquisitions, including SYNQ3, and is partnering with Nvidia to enhance its services [9] - SoundHound's Houndify platform is popular among companies seeking to develop customized AI-powered audio recognition tools without relying on larger tech firms [12] CleanSpark - CleanSpark is the third-largest Bitcoin miner in the U.S. by annual revenue, utilizing low-carbon energy sources for its operations [10] - The company transitioned from developing modular microgrids to Bitcoin mining, acquiring ATL Data Centers and expanding its mining facilities [6] - CleanSpark's revenue increased at a CAGR of 85% from fiscal 2021 to fiscal 2023, with the number of mined Bitcoins rising from 892 to 6,903 during the same period [11] - Analysts project CleanSpark's revenue to grow at a CAGR of 68% from fiscal 2023 to fiscal 2026, with adjusted EBITDA expected to increase at a CAGR of 100% [7]