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If you want to double your money over the next two years, invest in companies in booming industries, such as artificial intelligence and quantum computing, for example.
In fact, here are three you may want to consider before they double, if not triple.
SoundHound AI
After exploding 838% higher, voice AI stock SoundHound AI (SYM: SOUN) could see even more upside moving forward.
Helping, the company’s second quarter EPS loss of three cents beat estimates by two cents. Revenue of $42.7 million, up 217.2% year over year, beat by $9.82 million. It also raised its 2025 revenue outlook to a range of $160 million to $178 million. And it believes it can achieve EBITDA profitability as it closes out the year.
Management emphasized customer expansions with Chipotle, Firehouse Subs, IHOP, Red Lobster, MOD Pizza, Allina Health, and Primary Health Solutions. Plus, according to SOUN, voice commerce is still a powerful catalyst for growth, reiterating its goal of profitability.
Archer Aviation
Flying car stock Archer Aviation (SYM: ACHR) is another one that could double your money over the next two years. For one, the global eVTOL (electric vertical take-off and landing) market could be worth $170 billion by 2034, says Precedence Statistics.
Two, Archer Aviation ramping up production, with six more Midnight aircraft with three in final assembly. It’s also expanding its operations with definitive agreements with Abu Dhabi Aviation. And, it was able to close the second quarter with $1.7 billion in cash – marking its fourth consecutive quarter of record liquidity.
In addition, the company is working to become the exclusive air taxi provider for the 2028 Olympics, with plans for new partnerships and acquisitions in commercial and defense sectors.
Rigetti Computing
Quantum computing stocks, like Rigetti Computing (SYM: RGTI) could also double.
According to McKinsey, quantum computing could take computing and the ability to solve complex problems quickly to a “whole new level.” They also believe it could create a $1.3 trillion opportunity by the time 2035 rolls around.
It could help speed up new drug treatment discoveries. It may even help speed up financing and data speed, assist with climate change issues, cybersecurity and other mind-boggling complex issues faster than a regular computer.
One of the companies set to benefit is Rigetti Computing, which just outlined a plan for a 100-plus qubit quantum system at 99.5% fidelity by year end, as noted by the company.
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Written by Ian Cooper