There's no shortage of excitement for automotive technologist Indie Semiconductor (NASDAQ: INDI). As the digitalization of cars rapidly increases -- thanks to the continual rise of electric vehicles (EVs), in-cabin infotainment, and work surrounding self-driving cars and advanced driver assist systems (ADAS) -- Indie's revenue growth has been soaring. Revenue more than doubled from the year prior in the third quarter of 2023, up 101% to $60.5 million.

Nevertheless, the stock price remains down nearly 30% from Indie's 2021 IPO. There's more going on under the hood that has the market questioning Indie's all-out expansion. But if Indie can solve some issues with its business model, perhaps shares can rally higher.

Is this a millionaire-making investment worth betting on right now?

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Source Fool.com