3 Growth Stocks to Buy Now -- 10x Small-Cap Stocks to Buy

By Eric Cuka – Feb 21, 2023 at 6:29PM

NASDAQ: INDI

Indie Semiconductor

Market Cap

$1B

Today's Change

(6.02%) $0.33

Current Price

$5.81

Price as of May 2, 2024, 4:00 p.m. ET

These pick-and-shovel, small-cap semiconductor stocks could provide 10x returns for long-term investors.

Technology megatrends, such as electric vehicles, will provide massive growth in total addressable market over the next decade. Today, I share my favorite three small-cap growth stocks to buy that benefit from these trends, specifically from automotive transformation, autonomous driving, and electric vehicles. Could Indie Semiconductor (INDI 6.02%), Axcelis Technologies (ACLS 4.86%), or SiTime (SITM 3.43%) be the next 10x stocks in your portfolio?

*Stock prices used were the morning prices of Feb. 21, 2023. The video was published on Feb. 21, 2023.

Eric Cuka has positions in Axcelis Technologies, Indie Semiconductor, and SiTime. The Motley Fool has positions in and recommends SiTime. The Motley Fool has a disclosure policy.

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