10 Micro Cap Stocks That Will Skyrocket

6. SkyWater Technology, Inc. (NASDAQ:SKYT)

Number of Hedge Fund Investors  in Q1 2024: 10

Date of Newsletter: January 31st

If you’ve been following the semiconductor industry then you’ll know about the CHIPS and Science Act that has earmarked billions in spending to spearhead chip production in America. This stock comes from Eric Fry’s The Speculator newsletter, and while it was accompanied by a February deadline, we’ll cover it nevertheless. Fry believes that firms like this stock are the reason behind the CHIPS funding, as companies have to solve a key AI chip problem before it’s too late.

Sounds too important to ignore if you ask us, and Gumshoe believes that this stock is one of the few American pure play chip designers, SkyWater Technology, Inc. (NASDAQ:SKYT). It offers chip design and manufacturing services to customers, and it benefits from a close partnership with the US military. SkyWater Technology, Inc. (NASDAQ:SKYT) is also planning to build a $1.8 billion chip facility in Indiana, and Gumshoe notes that while it could benefit from CHIPS funding and associated tailwinds on the stock price, the firm is still burning cash.