3 Stocks to Buy if You Want to Turn Your $1,000 into $10,000 Within 2 Years

Core Viewpoint - The article emphasizes the potential of penny stocks as a compelling investment opportunity, particularly in the current market environment where many are trading at depressed valuations. It suggests that with thorough due diligence, investors can identify undervalued businesses with significant growth potential [1]. Group 1: Ouster (OUST) - Ouster is a lidar company that has seen its stock price increase by 129% over the past year, despite challenges in the lidar industry due to a downturn in the automotive sector [3][4]. - Analysts project that Ouster will achieve profitability by 2027, with revenue expected to exceed $2.2 billion by 2030, while the current market capitalization is around $300 million [4]. Group 2: Data Storage Corp (DTST) - Data Storage Corp is positioned as a pure-play data center and cloud computing provider, offering a rare investment opportunity in a sector dominated by Big Tech [5]. - The company reported $13.5 million in revenue for its CloudFirst segment in 2023, with a net income of approximately $2.6 million and an adjusted EBITDA of $3.8 million, reflecting a robust 28% EBITDA margin [6]. Group 3: Applied Digital Corporation (APLD) - Applied Digital Corporation serves the crypto mining industry while also positioning itself as an AI contender, with partnerships with major companies like Dell and Nvidia [7][8]. - Revenue is projected to grow from $83 million in 2023 to $505 million by 2026, with analysts forecasting the company to approach breakeven by 2026 and potential profitability by 2027 [9].