Key Takeaways NVDA posted over 50% revenue growth again as data center sales surged on strong Blackwell GPU demand.MRVL is expanding in AI silicon and optics, with hyperscaler deals and a planned Celestial AI acquisition.MU is riding on soaring HBM and DRAM demand as AI servers boost memory needs across data centers.Wall Street’s rally of U.S. stocks in 2023 and 2024 continued in 2025, albeit at a slow pace. The rally was predominantly driven by the technology sector with unprecedented adoption of generativ ...

Market Overview - U.S. stock markets are experiencing a continued upward trend in 2025, supported by expectations of further Federal Reserve rate cuts, strong third-quarter earnings, and optimism surrounding artificial intelligence [1] Recommended Growth Stocks - Five growth stocks are recommended for portfolio strengthening in December: Micron Technology Inc. (MU), Comfort Systems USA Inc. (FIX), Kinross Gold Corp. (KGC), On Holding AG (ONON), and MongoDB Inc. (MDB). Each stock has a Zacks Rank 1 (Strong Buy) and a Growth Score of A [2] Micron Technology Inc. (MU) - Micron Technology is a leader in the AI infrastructure boom, driven by strong demand for high-bandwidth memory (HBM) solutions, with record sales in the data center market [6][10] - The growing adoption of AI servers is reshaping the DRAM market, increasing demand for high-capacity DIMMs and low-power server DRAM, which MU is well-positioned to capitalize on [7] - Micron's diversification strategy has created a more stable revenue base by shifting focus from consumer electronics to resilient sectors like automotive and enterprise IT [8] - Expected revenue and earnings growth rates for Micron are 62% and over 100%, respectively, for the current year ending August 2026 [10] Comfort Systems USA Inc. (FIX) - Comfort Systems USA operates in the commercial and industrial HVAC markets, with a focus on manufacturing plants, office buildings, and healthcare facilities [11] - The data center boom, driven by AI and cloud computing, is increasing demand for specialized HVAC solutions, presenting high-margin opportunities for FIX [12][13] - Expected revenue and earnings growth rates for Comfort Systems are 14.7% and 16.4%, respectively, for the next year [13] Kinross Gold Corp. (KGC) - Kinross Gold has a strong production profile and a promising pipeline of exploration projects, focusing on organic growth through its Tasiast mine [14] - The company expects higher output and cash flow from expansions at Tasiast, Manh Choh, and Great Bear, benefiting from rising gold prices [15][16] - Expected revenue and earnings growth rates for Kinross are 9.9% and 32.6%, respectively, for the next year [16] On Holding AG (ONON) - On Holding provides footwear and sports apparel products, with expected revenue and earnings growth rates of 21.1% and 79.3%, respectively, for the next year [17] MongoDB Inc. (MDB) - MongoDB has expanded its Atlas platform into analytics, focusing on developer-friendly interfaces and distributed architectures, targeting modern workloads [18] - The company has benefited from platform adoption across enterprises and startups, with a focus on larger enterprises supporting deal sizes and sales efficiency [19] - Expected revenue and earnings growth rates for MongoDB are 12.8% and 16.6%, respectively, for the next year ending January 2027 [21]

Market Overview - U.S. stocks experienced significant gains in Q3 2025, with the Nasdaq Composite, S&P 500, and Dow Jones Industrial Average rising by 11.2%, 7.8%, and 5.2% respectively [1] - The growth was fueled by expectations of further Federal Reserve rate cuts, strong Q2 earnings, and optimism surrounding artificial intelligence (AI) [2] Recommended Growth Stocks - Five growth stocks are recommended for Q4 2025: Micron Technology Inc. (MU), Workday Inc. (WDAY), Exact Sciences Corp. (EXAS), Evercore Inc. (EVR), and Coeur Mining Inc. (CDE) [2] - These stocks exhibit strong revenue and earnings growth potential, with positive earnings estimate revisions in the past 30 days [3] Micron Technology Inc. (MU) - Micron is a leader in the AI infrastructure boom, driven by high demand for its high-bandwidth memory (HBM) solutions and record sales in the data center market [6][9] - The company is capitalizing on the growing adoption of AI servers, which require more memory than traditional servers, boosting demand for DRAM [7] - Micron's expected revenue and earnings growth rates are 42.4% and over 100% respectively for the current year, with a 27% improvement in the Zacks Consensus Estimate for earnings over the last 30 days [10] Workday Inc. (WDAY) - Workday's diversified product portfolio and cloud-based business model are key growth drivers, with strong customer traction in international markets [11] - Significant investment from Elliott Investment Management is expected to enhance innovation, particularly in AI and machine learning [12] - Workday's expected revenue and earnings growth rates are 12.6% and 21.1% respectively for the current year, with a 0.3% improvement in the Zacks Consensus Estimate for earnings over the last 30 days [13] Exact Sciences Corp. (EXAS) - Exact Sciences benefits from strong adoption of its Cologuard product, with the recent introduction of Cologuard Plus gaining Medicare coverage [14] - The launch of Oncodetect has advanced MRD testing, with secured Medicare reimbursement opening access for cancer patients [15] - Exact Sciences has an expected revenue and earnings growth rate of 14.4% and over 100% respectively for the current year, with a 9.1% improvement in the Zacks Consensus Estimate for earnings over the last 30 days [16] Evercore Inc. (EVR) - Evercore is expanding its advisory client base and diversifying revenue sources, which is expected to support top-line growth [17] - The company has a strong liquidity position, allowing for capital distribution through dividend hikes and share repurchase programs [17] - Evercore's expected revenue and earnings growth rates are 17.4% and 34.4% respectively for the current year, with a 2.1% improvement in the Zacks Consensus Estimate for earnings over the last 30 days [18] Coeur Mining Inc. (CDE) - Coeur Mining operates as a primary silver and gold producer with mines in the Americas, including properties in Mexico, Bolivia, Nevada, and Alaska [19] - The company has an expected revenue and earnings growth rate of 88.3% and over 100% respectively for the current year, with a 3.8% improvement in the Zacks Consensus Estimate for earnings over the last 30 days [20]

Core Insights - Micron Technology's DRAM revenues increased by 51% year over year in Q3 of fiscal 2025, reaching $7.1 billion, driven by growth in data center, automotive, PC, and mobile markets [1][10] - The DRAM segment accounted for 76% of the company's total revenue, with significant contributions from low-power server DRAM and high bandwidth memory (HBM) chips, particularly in AI workloads [2][3] - The company anticipates a high-teens percentage growth in industry DRAM bit demand for calendar 2025, supported by low inventory levels and higher-value product shipments [4] Financial Performance - The Zacks Consensus Estimate for fiscal 2025 DRAM revenues is $27.95 billion, indicating a year-over-year growth of 58.8%, with total revenues expected to grow 46.5% to $36.79 billion [5] - Micron's shares have gained 38.2% year to date, outperforming the Zacks Computer - Integrated Systems industry growth of 29.3% [8] - The forward price-to-sales ratio for Micron is 2.75X, which is lower than the industry average of 3.92X, indicating potential valuation attractiveness [11] Earnings Estimates - The earnings estimates for fiscal 2025 imply a year-over-year growth of 497.7%, while the 2026 estimates suggest a growth of 57.9%, with upward revisions in the past 30 days [14]