Summary:
Cryptocurrencies are primarily driven by market hype rather than sustainable strengths.
AST SpaceMobile could see its revenue soar from $4.3 million to $691.7 million by 2026.
Serve Robotics plans to expand its fleet to 2,000 robots by 2025, with revenue expected to grow to $60 million.
Lumen Technologies is reviving interest through a partnership with Microsoft Azure despite previous stock declines.
Many cryptocurrencies have seen a resurgence over the past year as lower interest rates have lured investors back into speculative assets. The approval of spot price ETFs for Bitcoin and Ether, alongside Ripple's victory against the SEC and Bitcoin's halving in April, has reignited bullish sentiment in the market. However, it's crucial for investors to recognize that cryptocurrencies primarily thrive on market hype, lacking sustainable long-term strengths. Instead of diving into the volatile crypto space, consider investing in promising tech stocks that present higher potential returns. Here are three tech stocks that could yield greater gains than any cryptocurrency in the coming years.
1. AST SpaceMobile
AST SpaceMobile is pioneering low-earth orbit (LEO) satellites for cellular communications, providing wider coverage accessible to everyday smartphones. Founded seven years ago, the company went public via a SPAC merger in 2021 and launched its first prototype satellite in 2022. With partnerships with AT&T and Verizon, expectations are high for its upcoming commercial satellite launches. If successful, analysts predict revenues could soar from $4.3 million this year to $691.7 million by 2026, presenting a potential multibagger investment opportunity.
2. Serve Robotics
Serve Robotics focuses on autonomous sidewalk delivery robots, originally a unit of Postmates before becoming independent in 2021. Currently operating a small fleet, Serve aims to expand with Uber Eats as a primary customer, planning to deploy 2,000 robots by 2025. Analysts forecast revenue growth from $1.6 million this year to $60 million in 2026, making it a stock to watch as it scales its operations.
3. Lumen Technologies
Previously known as CenturyLink, Lumen Technologies faced significant stock price declines and skepticism about its future. However, a recent partnership with Microsoft Azure to enhance its data centers has revived interest. Although revenues are expected to decline in the short term, this partnership could stabilize its core business. With a current trading price at less than 2 times this year's sales, Lumen presents a potential for substantial gains if it capitalizes on its AI-oriented data center initiatives.
Investors are encouraged to consider these tech stocks as promising alternatives to cryptocurrencies, which are still largely driven by hype rather than fundamental strength.
Comments