Over the last 7 days, the United States market has dropped 1.4%, but it is up 21% over the past year with earnings forecast to grow by 15% annually. In this dynamic environment, identifying high growth tech stocks that can capitalize on these trends is crucial for investors looking to maximize their returns.

Top 10 High Growth Tech Companies In The United States

Click here to see the full list of 248 stocks from our US High Growth Tech and AI Stocks screener.

We're going to check out a few of the best picks from our screener tool.

Kanzhun

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Kanzhun Limited, along with its subsidiaries, offers online recruitment services in the People’s Republic of China and has a market cap of approximately $5.40 billion.

Operations: Kanzhun Limited generates revenue primarily from its online recruitment services, with the Internet Information Providers segment contributing CN¥6.81 billion. The company's gross profit margin stands at 88.50%.

Kanzhun's recent earnings report for the half year ended June 30, 2024, revealed a significant revenue increase to ¥3.62 billion from ¥2.77 billion last year, alongside net income rising to ¥666.68 million from ¥342.26 million. The company's R&D expenses have been instrumental in driving innovation and growth, contributing to its projected annual earnings growth of 21.2%, outpacing the US market's 15%. Additionally, Kanzhun expects Q4 revenues between ¥1.90 billion and ¥1.92 billion, reflecting an anticipated year-on-year increase of up to 19.5%.

• Unlock comprehensive insights into our analysis of Kanzhun stock in this health report.

• Understand Kanzhun's track record by examining our Past report.

nCino

Simply Wall St Growth Rating: ★★★★☆☆

Overview: nCino, Inc. is a software-as-a-service company that offers cloud-based software applications to financial institutions globally, with a market cap of approximately $3.47 billion.

Operations: nCino generates revenue primarily through its software and programming segment, which brought in $506.13 million. The company focuses on providing cloud-based solutions to financial institutions across the United States and internationally.

Software firms are increasingly moving to SaaS models, ensuring recurring revenue from subscriptions. nCino's revenue growth of 14.5% per year outpaces the US market's 8.7%, driven by its innovative banking solutions and strong client base including major financial institutions. Despite a net loss reduction to $11.04 million in Q2 2024 from $15.88 million last year, earnings are forecasted to grow at an impressive rate of 93.38% annually as the company aims for profitability within three years. Investing heavily in R&D, nCino allocated significant resources towards innovation with expenses contributing substantially to future growth prospects; this strategic focus on development underpins its competitive edge in the fintech space. The company's guidance for Q3 revenues between $136 million and $138 million reflects continued momentum, while ongoing efforts like board declassification indicate robust corporate governance practices aimed at long-term stability and shareholder value enhancement.

• Click here to discover the nuances of nCino with our detailed analytical health report.

• Review our historical performance report to gain insights into nCino's's past performance.

Kyndryl Holdings

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Kyndryl Holdings, Inc. operates as a technology services company and IT infrastructure services provider worldwide with a market cap of approximately $5.27 billion.

Operations: Kyndryl Holdings generates revenue primarily from its operations in the United States ($4.12 billion), Japan ($2.30 billion), Principal Markets ($5.75 billion), and Strategic Markets ($3.43 billion). The company focuses on providing technology services and IT infrastructure solutions globally.

Kyndryl Holdings has shown a significant turnaround, reporting a net income of $11 million for Q1 2024 compared to a net loss of $141 million the previous year. Despite revenue growth forecasted at just 1% annually, substantial investments in R&D have bolstered its competitive edge. The company repurchased shares in the past year, enhancing shareholder value. Leadership changes and strategic alliances, particularly with AWS for cybersecurity services, position Kyndryl for future growth amidst industry shifts towards AI and cloud solutions.

• Get an in-depth perspective on Kyndryl Holdings' performance by reading our health report here.

• Explore historical data to track Kyndryl Holdings' performance over time in our Past section.

Seize The Opportunity

• Navigate through the entire inventory of 248 US High Growth Tech and AI Stocks here.

• Are any of these part of your asset mix? Tap into the analytical power of Simply Wall St's portfolio to get a 360-degree view on how they're shaping up.

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Want To Explore Some Alternatives?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.

• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.

• Find companies with promising cash flow potential yet trading below their fair value.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include NasdaqGS:BZ NasdaqGS:NCNO and NYSE:KD.

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