3 Tech Stocks With More Potential Than Any Cryptocurrency

Group 1: Nvidia - Nvidia is the largest producer of discrete GPUs, controlling 88% of the discrete desktop GPU market and 97% of the AI accelerator market [2] - The company's revenue and adjusted EPS surged 126% and 288% respectively in fiscal 2024, with 87% of its revenue coming from data center GPUs [2][3] - Analysts expect revenue and adjusted EPS to rise another 98% and 109% respectively in fiscal 2025, with the stock valued at 47 times forward earnings [3] Group 2: Axcelis Technologies - Axcelis specializes in ion implantation systems used in semiconductor manufacturing, particularly for producing silicon carbide (SiC) chips [4][5] - The stock has declined nearly 40% since its all-time high last July, but is currently valued at 20 times forward earnings [6] - Analysts forecast a revenue and adjusted EPS dip of 7% and 15% respectively in 2024, followed by growth of 16% and 28% in 2025, with the SiC industry expected to grow at a CAGR of 32.6% from 2024 to 2029 [6] Group 3: Pinterest - Pinterest has established a niche in social media with its virtual pinboards, which saw significant growth during the pandemic [7] - Revenue growth slowed to 9% in both 2022 and 2023, but has accelerated over the past five quarters, with MAUs rising 12% year over year to 518 million in Q1 2024 [7][8] - Analysts expect Pinterest's revenue and adjusted EPS to jump 20% and 33% respectively in 2024, with the stock valued at 30 times forward earnings [8]