3 Incredible Growth Stocks to Buy Right Now

Core Insights - The post-election market shift has led to increased interest in small-cap technology stocks, with the Russell 2000 index gaining 7.8% compared to 4.4% for the S&P 500, indicating a rotation away from large-cap dominance [1][2] Small-Cap Technology Opportunities - The rotation towards small-cap stocks is timely for innovative technology companies that were previously overlooked during the AI boom, as many small-caps are now presenting attractive entry points after facing high interest rates and competitive pressures [2] Company-Specific Developments - Rigetti Computing: A quantum computing pioneer, Rigetti plans to deploy a 36-qubit system by mid-2025 and a 100-plus-qubit system later that year. The company has a modest revenue of $2.4 million in Q3 2024 but holds $92.6 million in cash, allowing it to execute its development plans. The stock has increased by 209% from January 1 to November 30, 2024, yet remains undervalued relative to the projected quantum computing market opportunity of $45 billion to $131 billion by 2040 [4][6] - Applied Digital Corporation: This company is transitioning from a crypto infrastructure provider to a leading AI computing platform, with fiscal Q1 2025 revenue surging 67% year over year to $60.7 million. A $160 million strategic investment from Nvidia validates its technology approach. The company is expanding its AI infrastructure with plans for a new 100-megawatt facility, aiming to increase total capacity to 400 megawatts. The stock has gained 49.8% from January 1 to November 30, 2024 [7][9][10] - Wolfspeed: This company is undergoing a transformation to become the first pure-play 200-millimeter silicon carbide manufacturer, expected to yield $200 million in annual cash savings. Wolfspeed has secured preliminary approval for $750 million in CHIPS Act funding and an additional $750 million from lenders, providing essential capital for U.S. manufacturing expansion. Recent insider buying has added confidence to its turnaround story [11][12][13] Market Dynamics - Current market dynamics present a unique opportunity for small-cap technology innovators, combining transformative technology with specific catalysts for significant value creation. These stocks offer exposure to quantum computing, AI infrastructure, and next-generation semiconductors at attractive valuations [14][15]