As global markets celebrate the Federal Reserve’s announcement of impending interest rate cuts, small-cap stocks have outperformed their larger counterparts, buoyed by broad-based gains. In this dynamic environment, identifying high-growth technology stocks becomes critical for investors looking to capitalize on market optimism and favorable economic conditions.

The 10 fastest growing technology companies

Click here to see the full list of 1,279 stocks from our high-growth technology and AI stocks screener.

Let’s uncover some gems from our specialized screener.

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Genmab A/S develops antibody therapeutics for the treatment of cancer and other diseases, mainly in Denmark, with a market capitalization of DKK 118.23 billion.

Operations: The company generates its revenue mainly in the biotechnology segment and amounts to DKK 19.02 billion. The focus is on the development of antibody therapeutics against cancer and other diseases.

Genmab’s recent conditional marketing authorization for TEPKINLY® in the EU underscores its innovative approach to treating relapsed or refractory follicular lymphoma. The company reported annual profit growth of 21.2%, outperforming the Danish market of 14.2%. In addition, Genmab’s revenue is forecast to grow by 14.6% per year, reflecting strong future prospects despite a slower pace than other high-growth technology sectors. Significant investments in research and development support these advances; their commitment to innovation is demonstrated by the DKK 3,579 million spent on share buybacks this year alone.

Simply Wall St Growth Rating: ★★★★★☆

Overview: AVIC Jonhon Optronic Technology Co., Ltd. specializes in the research and development of optical, electrical and fluid interconnect technologies and devices in China and has a market capitalization of CNY 73.05 billion.

Operations: AVIC Jonhon Optronic Technology Co., Ltd. focuses on the development and production of advanced optical, electrical and fluid interconnect technologies and equipment in China. The company has a market capitalization of CN¥73.05 billion and generates significant revenues from its specialized technological solutions.

AVIC Jonhon Optronic Technology Ltd. is poised for robust growth, with revenue expected to grow 21.3% annually, outperforming the Chinese market at 13.4%. Despite a recent decline in revenue from 10.76 billion yen last year to 9.20 billion yen in the first half of 2024, impressive profit growth of 23.1% per year is forecast for the next three years, outperforming the industry average of -6.3%. R&D spending in particular reflects a strong commitment to innovation and future potential in high-growth technology sectors.

Simply Wall St Growth Rating: ★★★★★☆

Overview: Unimicron Technology Corp. designs, manufactures, processes and sells printed circuit boards, electrical equipment, electronic products, and test and burn-in systems for integrated circuits worldwide with a market capitalization of NT$243.81 billion.

Operations: Unimicron Technology Corp. focuses on the development, manufacture and global sales of printed circuit boards, electrical equipment, electronic products and integrated circuit test systems. The company has a market capitalization of NT$243.81 billion.

Unimicron Technology’s revenue is expected to grow 19.2% annually, outperforming the Taiwanese market at 11.8%. Despite a net profit of TWD1.60 billion in the second quarter of 2024, down from last year’s TWD2.39 billion, the company continues to focus on innovation and invests significantly in research and development. Profit is expected to grow an impressive 47% per year over the next three years, reflecting strong future potential in high-growth technology sectors.

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This Simply Wall St article is of a general nature. We comment solely on historical data and analyst forecasts, using an unbiased methodology. Our articles do not constitute financial advice. It is not a recommendation to buy or sell any stock and does not take into account your objectives or financial situation. Our goal is to provide you with long-term analysis based on fundamental data. Note that our analysis may not take into account the latest price-sensitive company announcements or qualitative materials. Simply Wall St does not hold any of the stocks mentioned.

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