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AST SpaceMobile (NASDAQ: ASTS) launched its first commercial satellites in September 2023, aiming to provide mobile broadband connectivity to the 3.7 billion people globally lacking access. In Q2 2023, the company reported revenues of just under $1 million, with operating expenses nearing $64 million. Analysts predict the satellite-based 5G connectivity market will grow at an average annual pace of 50% through 2032.
Lam Research (NASDAQ: LRCX), a supplier of semiconductor manufacturing equipment, continues to see strong demand as the tech industry expands. Despite facing recent stock performance challenges, analysts rate it as a strong buy with a 12-month price target of $95.09, approximately 25% above the current price.
Wolfspeed (NYSE: WOLF) specializes in silicon carbide technology, which offers improved heat resistance and conductivity for various applications, particularly in electric vehicles. The company’s revenue for the last fiscal quarter was $194.7 million, missing estimates, and the stock has seen a significant decline, now more than 90% down from its peak in late 2021. The silicon carbide market is projected to grow at an annual rate of 26% through 2030.
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