11 Penny Stocks That Will Make You A Millionaire

6. Nano Dimension Ltd. (NASDAQ:NNDM)

Number of Hedge Fund Holders: 8

Nano Dimension Ltd. (NASDAQ:NNDM) is a tech hardware, storage, and peripherals company based in Israel. It provides additive manufacturing, i.e., 3D printing solutions in Israel and internationally.

Another one of the stocks teased by James Altucher as being a “microcap superstock” in his Microcap Millionaire newsletter was an additive manufacturing company that uses 3D printing to create circuit boards for microchips and is making progress in incorporating additive manufacturing within the aerospace, defense, automotive, medical, and telecommunications industries. Here are some of Altucher’s comments on this company:

“Quietly emerging as a dominant player in a new mode of manufacturing, 3D printing… benefits from broken supply chains. 97% of manufacturers expect to use it more over next five years… Revenue is up nearly 2,000% in last four years since 2020. Still only worth about $500 million, sitting on over $800 million in cash… Company and all its assets worth maybe $1 billion, market says it’s worth about $500 million. Someone will figure this out and it will more than double in price, and the revolutionary tech could send it much higher than that. Best chance of 1,000% gains.”

According to Travis Johnson, here Altucher is most definitely talking about Nano Dimension Ltd. (NASDAQ:NNDM). As of this August, this company does have enough cash on the books to attempt an acquisition of its competitor, Desktop Metal, for approximately $180 million. If the deal goes through, Nano Dimension Ltd. (NASDAQ:NNDM) will see a significant increase in its revenues, and it has the potential to turn its investors into future millionaires if it keeps this up.

Eight hedge funds were long Nano Dimension Ltd. (NASDAQ:NNDM) in the second quarter, with a total stake value of $60.4 million.