10 Worst High-Risk High-Reward Growth Stocks To Buy

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

Beta (5Y Monthly): 3.38

3-Year Sales Growth: 28.09%

Number of Hedge Fund Holders: 19

Analyst Upside Potential: 42.52%

SkyWater Technology, Inc. (NASDAQ:SKYT) is a US-based semiconductor manufacturing and engineering company that operates as a pure-play technology foundry. It provides advanced semiconductor development and manufacturing services through its unique Technology-as-a-service model.

The company is making significant strides in expanding its role as a leading US-based semiconductor foundry. In fiscal 2024, the company achieved record revenues of $342 million, reflecting a 19% increase year-over-year. Growth was driven by its Advanced Technology Services business, particularly in aerospace, defense, and quantum computing markets. However, the Wafer Services revenue declined in 2024 due to weakness in the automotive and industrial sectors but is expected to rebound in 2025 with new products like ThermaView and ATS conversions.

In a major development, SkyWater Technology, Inc. (NASDAQ:SKYT) is acquiring Infineon’s Fab 25 in Austin, Texas, which is a high-volume 200-millimeter semiconductor manufacturing facility capable of producing over 30,000 wafers per month. The acquisition is expected to add approximately $300 million in annual Wafer Services revenue and diversify the company’s revenue mix between ATS and Wafer Services. It is one of the worst high-risk high-reward growth stocks to buy.