I've been looking at sectors that could produce the next 10-bagger, and it feels like the market is rotating in waves: the first wave was semiconductors, with $NVDA , $ARM , $AMD , and many other stocks in the sector;\nThe second wave is memory chips, with several smaller names worth keeping an eye on;\nThe third wave is optical modules and optical communications, with many related stocks gaining strength.\nThere's also a Wave 4 coming up. It'll be worth watching which sector takes its turn next.