On March 4, Jay Woods of Freedom Capital joined CNBC in the discussion to analyze the market’s reaction to ongoing Middle Eastern conflicts. He suggested that markets are currently priced for a short war and that investors are hopeful for a brief conflict. He specifically noted that if the Strait remains closed, the resulting spike in crude oil prices would act as a major tax on the US consumer. From a technical standpoint, Woods described this as a bend but not break market. He directed attention to the 100-day moving average of the S&P 500 at 6830, noting the index is currently 10 points below that level. He characterized the market as coiling, with a narrowing range as it waits for a definitive breakout or breakdown. While spectacular earnings from Nvidia failed to provide a follow-through and news from the Supreme Court failed to pull the market lower, Woods admitted that the direction remains uncertain, despite the volatility providing a great environment for active traders.

Due to this uncertainty, Woods shifted his focus to individual stocks and turnaround stories. While he believes that the MAG7 stocks will provide support, he is unsure if they can drive a full breakout. In the meantime, he recommends taking profits from energy stocks that have had strong runs and rotating that capital into software (IGB), which has shown resilience. Diving into the risks of escalating energy prices, Woods warned that if crude prices stay elevated, it will reignite inflationary concerns and complicate the Fed’s policy regarding rate cuts. Rather than blindly buying the dip, Woods advised investors to be nimble by taking profits on names like Exxon Mobil and waiting for further clarity on these serious geopolitical and economic concerns.

That being said, we’re here with a list of the 33 stocks that should double in 3 years.

Our Methodology

We sifted through financial media reports and Reddit threads to compile a list of the top stocks that should double in 3 years. 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 March 5. 

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. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).

33 Stocks That Should Double in 3 Years

33. Archer Aviation Inc. (NYSE:ACHR)

Archer Aviation Inc. (NYSE:ACHR) is one of the stocks that should double in 3 years. On March 2, Archer Aviation reported its financial results for the last quarter of 2025. For the full-year 2025, Archer Aviation reported a net loss of $618.2 million and total operating expenses of $729.6 million, as the company increased investments in aircraft development, testing, certification, and production. For Q1 2026, Archer Aviation estimates an Adjusted EBITDA loss between $160 million and $180 million.

The company achieved a significant regulatory milestone by receiving final FAA acceptance of 100% of its ‘Means of Compliance,’ becoming the first eVTOL manufacturer to reach this stage. This achievement allows Archer to finalize its remaining certification plans and move toward Type Inspection Authorization activities as early as 2026. Consequently, Archer remains on track to begin piloted vertical take-off and landing operations later this year as part of the White House’s eVTOL Integration Pilot Program. The company is also progressing with its commercial launch program in the UAE and targets its first passenger-carrying flights in 2026.

Archer Aviation is growing its Midnight aircraft fleet, with the newest tail currently in its VTOL flight test campaign and several other aircraft in various stages of completion. Beyond commercial air taxi operations, the company expanded its defense opportunities through a partnership with Anduril to design an autonomous, hybrid-electric VTOL aircraft. This strategy includes the company’s first third-party powertrain sale to power the Omen autonomous air vehicle. Additionally, Archer Aviation Inc. (NYSE:ACHR) established a new UK engineering hub in Bristol to support uncrewed vehicle programs in collaboration with local partners.

Archer Aviation Inc. (NYSE:ACHR), together with its subsidiaries, designs and develops aircraft and related technologies and services for commercial and defense sectors in the US and internationally. The company offers eVTOL aircraft for urban air taxi operations.

32. Applied Digital Corporation (NASDAQ:APLD)

Applied Digital Corporation (NASDAQ:APLD) is one of the stocks that should double in 3 years. On March 4, Applied Digital Corporation announced that its subsidiary, APLD ComputeCo 2 LLC, priced a $2.15 billion private offering of 6.750% senior secured notes due 2031. These notes are being issued at a price of 98% and are intended for sale to qualified institutional buyers and non-US persons. The transaction is expected to close on or around March 10, contingent upon standard market and closing conditions.

The company intends to use the net proceeds from this offering to finance the development and construction of 200 megawatts of critical IT load at its Polaris Forge 2 AI Factory campus located in Harwood, North Dakota. Additionally, the funds will be used to satisfy project account requirements, including a Debt Service Reserve Account, and to cover related transaction fees and expenses. Applied Digital Corporation (NASDAQ:APLD) will also provide customary completion guarantees to ensure the project is finished on schedule.

The notes will be fully and unconditionally guaranteed by several of APLD ComputeCo 2’s existing and future subsidiaries. These obligations are backed by first-priority liens on all assets of the issuer and its guarantors, as well as the equity interests held by the direct parent company, APLD FAR Holdings LLC. As these securities have not been registered under the Securities Act, they are subject to specific offering restrictions and may not be sold in the US without registration or an applicable exemption.

Applied Digital Corporation (NASDAQ:APLD) designs, develops, and operates digital infrastructure solutions for HPC and AI industries in North America. It operates through the Data Center Hosting Business and the HPC Hosting Business.