In this article, we will discuss the 10 Stocks Set to Explode in the Next 2 Years.

On July 8, Sophie Paquet, Portfolio Manager at National Bank Financial, joined BNN Bloomberg to discuss how the focus of the markets is shifting from geopolitical themes (specifically war, oil, and inflation) back toward corporate earnings and fundamentals. She viewed this as a healthy transition that grounds market activity in the factors that drive stock prices over time. She suggested that the current market narrative is driven more by expectations than by profit alone. She advised clients that the AI story is not ending, but maturing and noted that as markets sit at record highs, investors are looking beyond the second semester to ensure that profit growth is sustainable in the third and fourth quarters.

Paquet emphasized that she is less concerned with whether companies beat earnings estimates by small margins; instead, she is focusing on whether profits are growing, if customer spending is holding up, and how management teams describe their outlook for the next 6 to 12 months. She discussed the current market environment, describing the broadening of gains beyond the Mag 7 tech stocks as one of the healthiest developments of the year. She encouraged clients to maintain well-diversified portfolios, noting that investors do not need to rely solely on AI stocks to achieve strong performance. She highlighted that sectors such as consumer staples, financials, healthcare, and even gold have shown strength alongside the tech rotation. Paque’s consistent advice to clients remains to stay diversified and maintain a long-term perspective, which she describes as an often unexciting but essential strategy for protecting portfolios when market conditions become unpredictable.

Against this backdrop, lets take a look at some stocks that may explode in the next two years.

Our Methodology

We used screeners to identify stocks that are expected to grow their earnings by at least 30% over the next 5 years and have an average upside potential of at least 45%. We limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds.

Note: All data was sourced on July 10. 

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Insider Monkey’s quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).

10 Stocks Set to Explode in the Next 2 Years

10. Viavi Solutions (NASDAQ:VIAV)

Average Upside Potential: 49.67%

Viavi Solutions (NASDAQ:VIAV) is one of the stocks set to explode in the next 2 years. On July 1, VIAVI Solutions introduced the µPNT GDO-1000, a compact GNSS-disciplined oscillator designed for size- and power-constrained platforms. Measuring the size of a postage stamp and weighing under 4 grams, this M.2 B-key module provides a space-efficient alternative for defense, airborne systems, and data center equipment.

The device features dual-frequency L1/L5 reception and uses MEMS oscillator technology to achieve microsecond-class 24-hour holdover. By incorporating proprietary AI and ML algorithms, it maintains thermal stability and compensates for environmental conditions, offering performance levels previously associated with more expensive atomic-class clocks.

Designed for easy integration, the GDO-1000 draws approximately half a watt and functions without requiring custom mechanical designs. It includes multiple inputs and outputs for system flexibility and will be showcased at the Joint Navigation Conference through the beginning of the month.

Viavi Solutions (NASDAQ:VIAV) is a technology company that offers network testing, monitoring, and assurance solutions, as well as light-management technologies. The company serves various markets, including telecommunications, cloud, first responders, military, aerospace, and critical infrastructure.

9. Hecla Mining Company (NYSE:HL)

Average Upside Potential: 52.14%

Hecla Mining Company (NYSE:HL) is one of the stocks set to explode in the next 2 years. On July 8, NVRO Metals Limited announced a non-binding MoU with Hecla Greens Creek Mining Company, which is a wholly-owned subsidiary of the parent corporation, Hecla Mining, to process 35,000 tonnes of tailings. This agreement outlines a framework to utilize the NVRO Process for an industrial-scale campaign at the upcoming NVRO Metals Hub in Australia.

The partnership focuses on demonstrating the commercial viability of NVRO’s technology using Hecla’s material, marking a key milestone in reaching Technology Readiness Level 9. This collaboration is intended to validate the Metals Hub as a centralized processing platform capable of handling large-scale third-party feedstocks.

The initiative remains conditional upon the successful completion of a smaller 20-tonne demonstration campaign in Perth, as well as the final acquisition and commissioning of the Metals Hub. Both companies aim to satisfy these requirements by the end of December.

Hecla Mining Company (NYSE:HL) is the largest primary silver producer in the U.S. and Canada, also producing gold, lead, and zinc. It operates mines in Alaska (Greens Creek), Idaho (Lucky Friday), and Canada (Casa Berardi, Keno Hill), focusing on exploration and sustainable mining.

8. First Majestic Silver Corp. (NYSE:AG)

Average Upside Potential: 55.26%

First Majestic Silver Corp. (NYSE:AG) is one of the stocks set to explode in the next 2 years. On June 25, First Majestic Silver Corp. announced that it had received construction permits for the Santo Niño and Navidad portals at its Santa Elena mine in Mexico. To support these developments, the company plans to invest an additional $12 million throughout the year to accelerate underground access and prepare the Santo Niño project for near-term mining operations.

The announcement follows positive infill drilling results from both vein systems, which have returned significant silver and gold intercepts. These findings have outperformed initial models, confirming high-grade mineralization that supports First Majestic Silver Corp.’s (NYSE:AG) efforts to convert inferred mineral resources into indicated resources for future mine planning.

Management expects these targets to become major contributors to the Santa Elena site, with the potential to materially extend the mine’s overall lifespan. Ongoing work continues to focus on resource conversion and infrastructure expansion to position both areas as core components of the future production schedule.

First Majestic Silver Corp. (NYSE:AG) acquires, explores, develops, and produces mineral properties in North America. The company explores for silver and gold deposits.

7. Micron Technology Inc. (NASDAQ:MU)

Average Upside Potential: 61.33%

Micron Technology Inc. (NASDAQ:MU) is one of the stocks set to explode in the next 2 years. On July 9, Micron announced an investment of up to $3 billion aimed at strengthening the US semiconductor supply chain. This initiative is designed to secure a reliable domestic supply of critical manufacturing materials, enhance long-term planning flexibility, and support the rising demand for memory and storage solutions driven by artificial intelligence.

As part of this commitment, Micron Technology Inc. (NASDAQ:MU) will provide $500 million in financing to GlobalWafers to help advance its 300mm silicon wafer manufacturing facility in Sherman, Texas. The companies have also established a 10-year supply agreement, ensuring that Micron maintains consistent access to the raw materials necessary for its future technology roadmap and production goals.

Beyond this manufacturing expansion, both companies intend to collaborate on next-generation wafer technologies and process innovations to further support domestic infrastructure. The proposed transaction is currently subject to the completion of definitive agreements and standard closing conditions.

Micron Technology Inc. (NASDAQ:MU) provides memory and storage solutions sold into client, cloud server, enterprise, graphics, networking, smartphone, mobile-device, automotive, industrial, and consumer markets, among others.

6. POSCO Holdings Inc. (NYSE:PKX)

Average Upside Potential: 68.61%

POSCO Holdings Inc. (NYSE:PKX) is one of the stocks set to explode in the next 2 years. On June 11, Anson Resources Limited signed a definitive Demonstration Plant Agreement with POSCO Holdings to build and operate a Direct Lithium Extraction/DLE facility at the Green River Lithium Project in the Paradox Basin, Utah, USA. POSCO will lead the project at its own expense, taking full responsibility for the design, construction, operation, and maintenance of the facility to validate its proprietary DLE technology on a continuous industrial scale.

As part of the collaboration, POSCO will extract lithium from brines supplied by Anson, utilizing the site’s existing infrastructure. In connection with this partnership, POSCO will pay Anson a facilitation fee of approximately $5.2 million. The company plans to begin operating the demonstration plant in 2027, with the project expected to conclude in 2028.

This initiative highlights POSCO Holdings Inc.’s (NYSE:PKX) active role in advancing lithium extraction technology within the US market. While the demonstration plant is non-commercial, the agreement establishes a framework for both parties to discuss further commercial collaboration and potential joint investment opportunities in the Green River project as they work to de-risk the technical process.

POSCO Holdings Inc. (NYSE:PKX) is a South Korean steelmaking and industrial company. It produces and sells steel products such as hot-rolled, cold-rolled, and stainless steel, which are used in automotive, construction, shipbuilding, and machinery industries. The company also operates in energy, chemicals, and materials businesses, including lithium and nickel for batteries.

5. Figure Technology Solutions Inc. (NASDAQ:FIGR)

Average Upside Potential: 70.47%

Figure Technology Solutions Inc. (NASDAQ:FIGR) is one of the stocks set to explode in the next 2 years. On July 9, Figure Technology announced the pricing of a $600 million private offering of 8.500% senior notes due in 2031. The notes are being sold at their full principal amount, with the transaction expected to close on July 14. This offering is projected to generate approximately $587.5 million in net proceeds after accounting for discounts, commissions, and offering expenses.

The company intends to use these funds primarily to cover the cash consideration for its acquisition of Kiavi, an AI-powered platform for residential real estate investors. Remaining proceeds will be allocated toward general corporate purposes and fees associated with the note issuance. Notably, the completion of the debt offering is not contingent upon the finalization of the Kiavi acquisition.

These notes are guaranteed on a joint and several basis by certain of Figure Technology Solutions Inc.’s (NASDAQ:FIGR) wholly-owned domestic subsidiaries. Due to their private nature, the notes have not been registered under the Securities Act and were offered exclusively to qualified institutional buyers and non-US persons in compliance with applicable regulations.

Figure Technology Solutions Inc. (NASDAQ:FIGR) is a US fintech company operating a blockchain‑native capital marketplace for loan origination, funding, and trading of tokenized assets, including consumer credit and digital asset products.

4. BETA Technologies Inc. (NYSE:BETA)

Average Upside Potential: 75.24%

BETA Technologies Inc. (NYSE:BETA) is one of the stocks set to explode in the next 2 years. On July 10, BETA Technologies and the Multistate Collaborative completed the first flights under the US DOT and FAA’s eVTOL Integration Pilot Program. These inaugural missions, which spanned a corridor between Virginia and Maryland, successfully utilized electric aircraft to transport manufactured organs developed by United Therapeutics.

This milestone demonstrates the viability of Advanced Air Mobility for critical logistics, such as the reliable and low-carbon delivery of medical cargo. The flights represent the first phase of a broader initiative expected to expand across at least 26 states, helping regulators evaluate the integration of electric aircraft into the National Airspace System.

By combining public-private partnerships with specialized charging infrastructure, the program aims to establish the operational framework necessary for routine commercial use. Future data gathered from these missions will inform national certification policies and support the long-term goal of scaling lifesaving medical transport nationwide.

BETA Technologies Inc. (NYSE:BETA) develops and manufactures electric aircraft platforms and propulsion systems in the US, including electric aircraft, advanced propulsion systems, charging infrastructure, and related components for the aviation industry.

3. IREN Limited (NASDAQ:IREN)

Average Upside Potential: 95.96%

IREN Limited (NASDAQ:IREN) is one of the stocks set to explode in the next 2 years. On June 1, IREN and BE Networks announced a collaboration to utilize NVIDIA DSX Air to simulate and validate the network architecture for an upcoming deployment of over 50,000 NVIDIA Blackwell Ultra GPUs. By creating a production-representative digital twin, the companies can model large-scale GPU cluster behavior, test automation workflows, and identify potential issues before physical infrastructure is deployed.

This initiative aims to streamline the development of IREN Limited’s (NASDAQ:IREN) AI factory by verifying complex compute, storage, and networking layers in advance. BE Networks will support the process with its Verity automation platform, which translates these validated designs into repeatable deployment workflows to improve precision and reduce integration risks.

The collaboration represents a modern deployment model that prioritizes simulation to accelerate infrastructure readiness. By validating designs and software in a virtual environment, the companies expect to bring customer capacity online more efficiently and with greater operational confidence.

IREN Limited (NASDAQ:IREN) is an Australia-based company that owns and operates renewable energy-powered data centers. Its facilities are specially optimized for Bitcoin mining, AI cloud services, and other power-dense computing.

2. Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS)

Average Upside Potential: 111.55%

Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS) is one of the stocks set to explode in the next 2 years. On July 6, Kratos announced a major expansion of its Oklahoma City manufacturing campus, adding over 106,000 square feet of production space. This investment is designed to meet the growing demand for the company’s jet-powered drone systems, including the Valkyrie collaborative combat aircraft and the Firejet aerial target system, as Kratos scales its production capabilities.

The expanded facility will enhance assembly, integration, and testing capacity, allowing Kratos to grow its current annual output of ~165 high-performance jet drones. By supporting its manufacturing footprint, the company aims to support the US Department of War’s modernization goals and the operational requirements of allied nations for affordable, mass-produced autonomous airpower.

This project reinforces Kratos Defense & Security Solutions Inc.’s (NASDAQ:KTOS) commitment to strengthening the US defense industrial base through scalable, efficient manufacturing. As autonomous systems become central to national security, the company is prioritizing production readiness to ensure it can deliver mission-ready hardware at the speed and quantity demanded by evolving global defense needs.

Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS) is a technology company focused on the development of advanced products and systems for defense, national security, and commercial markets.

1. Equinox Gold Corp. (NYSEAMERICAN:EQX)

Average Upside Potential: 122.35%

Equinox Gold Corp. (NYSEAMERICAN:EQX) is one of the stocks set to explode in the next 2 years. On July 9, Equinox Gold reported a quarterly gold production of 176,836 ounces for the period ending June 30. This performance was supported by an 11% quarter-over-quarter increase in production from the company’s Canadian assets, with the Greenstone and Valentine mines contributing a combined 97,273 ounces.

Operational progress was highlighted by steady ramp-ups at both Canadian cornerstone mines. Greenstone frequently operated above its nameplate throughput capacity, while Valentine’s process plant averaged 113% of its nameplate capacity. Management expects these operational efficiencies to continue, setting the stage for stronger production levels throughout the second half of the year.

The company also reached two strategic milestones: the announcement of a proposed business combination with Orla Mining to create a premier North American gold producer, and the securing of 20-year land access agreements for the Los Filos mine. These developments, alongside ongoing site optimizations, form the core of Equinox Gold Corp.’s (NYSEAMERICAN:EQX) strategy to strengthen its operating performance and deliver long-term shareholder value.

Equinox Gold Corp. (NYSEAMERICAN:EQX) is involved in the exploration, operation, acquisition, and development of mineral properties in the Americas. It mainly explores silver and gold deposits. The company was founded in 2007 and is based in Vancouver, Canada.

READ NEXT: 10 Cheap Stocks That Are About to Explode and 10 Penny Stocks With Explosive Growth Potential.

Disclosure: None. None. Follow Insider Monkey on Google News.