"If you want to double your money over the next two years, investing in companies in booming industries with enormous tailwinds goes a long way. Of course, finding those companies is no easy task. But focusing on the industries in which they operate - such as artificial intelligence (AI), flying cars and quantum computing - can provide valuable insights. Look at quantum stocks like D-Wave Quantum , which cost about $1 in November 2024 and went on to establish a high of $20.56, good for a 1,956% return."
"Since early 2024, SoundHound AI (NASDAQ: SOUN) exploded from about $1.63 to a recent high of $15.29 for an 838% return. Even now, the voice AI stock is still a hot opportunity. Fueling upside, the company's second-quarter EPS loss of three cents beat estimates by two cents. Revenue of $42.7 million - up 217.2% year over year - beat by $9.82 million. The company also raised its 2025 revenue outlook to a range of $160 million to $178 million. And it believes it can achieve EBITDA profitability as it closes out the year. Management emphasized customer expansions with Chipotle, Firehouse Subs, IHOP, Red Lobster, MOD Pizza, Allina Health and Primary Health Solutions."
Investing in companies operating in high-tailwind industries can produce substantial returns over two years. Quantum stocks like D-Wave Quantum rose from about $1 in November 2024 to a high of $20.56, a 1,956% gain. Flying vehicle stock Joby Aviation moved from about $5 to $20.95, a 319% gain. 24/7 Wall St. identified five stocks in these fields as worthy of consideration. SoundHound AI soared from roughly $1.63 to $15.29, an 838% increase, and reported revenue growth of 217.2% to $42.7 million in the second quarter, raised its 2025 revenue outlook, and emphasized customer expansions across major restaurant and health-service chains.
Read at 24/7 Wall St.
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