Identifying the right stocks to own for the foreseeable future is one thing. Finding stocks with huge growth potential to buy and hold for a full decade is another. It is not enough to offer a superior product or service. It must also operate in a sector that is sure to grow – a lot – over the long term.

With that in mind, here’s a look at three monster stocks to consider adding to your portfolio now and holding for several years. None of them are known. However, as you’ll see, each offers plenty of game-changing promises.

1. AST Space Mobile

In its early days, high-speed Internet connectivity required physical connections like a telephone line or cable TV cord. Then the wireless leap was made, turning your mobile phone into a connected device through antennas attached to cell phone towers.

Now these connections can be made from space. AST SpaceMobile (ASTS 14.96%) this not only makes it possible, but also relatively easy and reasonably affordable. At first glance, this seems like a solution to a problem that doesn’t exist. There is enough mobile infrastructure across the United States to keep everyone connected.

But look beyond the United States. AST SpaceMobile reports that of the world’s 7.9 billion people, 3.7 billion face a significant broadband access gap (if they have access at all), while 5.3 billion cellular subscribers sometimes lose connectivity due to terrain or travel. And, as recent hurricanes Helen and Milton reminded us, land connections are not safe from being destroyed.

AST SpaceMobile is another start-upwith all the usual characteristics of a young company. This is minimal income combined with considerable losses. Indeed, the company’s revenue was just under $1 million in the second quarter of this year, but it spent nearly $64 million on operating expenses such as R&D and equipment construction – a fairly typical quarter so far.

But the trajectory of its activity is the key here. A year ago, the company generated no revenue and only launched its first commercial satellites in September of this year (in partnership with AT&T). And it was only a few days ago that these so-called Bluebirds deployed the solar panels that will power them.

Once they are fully activated, they will each be able to provide the same voice, data, text and video services you currently enjoy with your more traditional mobile connectivity. They’ll just do it from orbit.

As you can imagine, once this technology is tested and proven, expect it to explode. Market research firm Global Market Insights estimates that the global 5G satellite connectivity market is expected to grow at an average annual rate of 50% through 2032.

2. Lam Research

When investors think about semiconductor stocksnames like Nvidia And Qualcomm tend to come to mind. And rightly so. After all, these companies are among the largest chipmakers in the world.

But there is a whole world of semiconductor opportunity lurking behind the scenes. These are the companies that make the equipment used by chip foundries to make their computer components. Search Lam (LRCX -2.44%) is one of these key equipment suppliers.

Simply put, Lam Research offers a range of wafer (microchip) manufacturing technologies, such as cryogenic etching, stripping and cleaning solutions, and mass metrology, to ensure that the entire production of ‘a chipmaker is uniform in size and shape…all of which are essential for the silicon manufacturing industry. As the world uses more and more technology, it needs more and more equipment to manufacture these technological solutions.

That doesn’t mean Lam Research is immune to the occasional industry-wide headwinds that others in the industry enjoy. Intel or the aforementioned Nvidia clashes occasionally. Overall, however, the chipmaking industry’s demand for Lam’s technology doesn’t wane for long, or even weakens. Lam Research is also not only profitable, but increasingly profitable.

LRCX revenue (quarterly) data by Y Charts

Now, if by any chance you’ve been keeping an eye on this company’s stock lately, then you know it’s been pretty tough. bad result since July. But you should also know that the analyst community is not discouraged. Most view Lam as a Strong Buy, with a 12-month consensus price target of $95.09. That’s 25% above the stock’s current price, not a bad start for a 10-year deal.

3. Wolf Speed

Last but not least, add Wolf Speed (WOLF -3.47%) to your list of monster titles to keep for the next 10 years.

Wolfspeed is a high performance silicon carbide developer. So what? While most computers, consumer electronics, and even electrical machines require silicon components, this basic silicon is increasingly limiting because it is not more electrically conductive and does not tolerate the type of heat that modern electronics and electrical equipment can produce. Silicon carbide (silica combined with carbon) addresses these limitations by creating electronic components that are much more heat-resistant and more efficient conductors.

And its potential applications are as deep as they are broad. From solar panel inverters to HVAC systems, energy-intensive data centers and agricultural machinery (and more), silicon carbide improves the functionality of each.

However, perhaps the most promising use of this material is in battery-powered devices. electric vehicle in front. Silicon carbide is not only useful for making electric vehicles more energy efficient, it can even be used as an alternative to the lithium currently used in most electric vehicle batteries. First, we just need to reduce the cost of these batteries. But that will happen over time.

Silicon carbide remains a somewhat unfamiliar solution for most industries that have been designed around more established and proven material options. This is one of the main reasons why Wolfspeed’s revenue of $194.7 million for its recently completed fiscal quarter was below estimates. Overall estimates for the current quarter also came in below expectations, highlighting headwinds in the electric vehicle market. As a result, stocks have reignited a long-standing downtrend and are now more than 90% below their late 2021 high.

However, think about the bigger picture. The decline is an opportunity to connect with a market that consulting firm McKinsey predicts is expected to grow at an annualized rate of 26% through 2030. Given the company’s strong patent portfolio and its share As the current dominant market, it is on the verge of capturing at least its fair share. of this growth.