In this article, we will look at the 10 Fastest Growing Edge Computing Stocks to Buy Now.
Edge computing has started to gain more attention as the limits of centralized cloud infrastructure become more visible. As applications like AI, autonomous systems, and industrial automation demand faster response times, processing data closer to where it is generated is becoming less of a niche concept and more of a practical requirement.
Institutional investors are framing this transition as part of a wider buildout of the digital backbone. BlackRock points to the growing importance of “digital infrastructure like cell towers and data centers,” alongside “big data, and mobile connectivity,” highlighting how the physical layer of connectivity is becoming just as critical as the computing itself. Invesco takes a broader view of the opportunity, noting that “the full value-chain is worth considering” and that “few AI-related investments are pure plays.” This helps explain why edge computing stock lists tend to look mixed, spanning semiconductors, platforms, and infrastructure providers rather than a single clean category. T. Rowe Price adds another layer, describing key components such as “memory, optics, and power” as “essential infrastructure,” pointing to the less visible parts of the ecosystem that are enabling real-time processing closer to the edge.
As infrastructure expands outward and demand for real-time processing grows, companies across chips, networking, and distributed data systems are starting to see stronger growth visibility. With that in mind, we take a closer look at the 10 Fastest Growing Edge Computing Stocks to Buy Now.
Our Methodology
We used the Finviz screener to identify edge computing stocks that have achieved more than 50% sales growth over the past year. These stocks are also popular among analysts and elite hedge funds.
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 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
10. Applied Optoelectronics, Inc. (NASDAQ:AAOI)
On March 18, 2026, Applied Optoelectronics, Inc. (NASDAQ:AAOI) showcased its latest solutions for AI-driven data centers, highlighting technologies designed to support higher bandwidth, power efficiency, and density requirements. At OFC, the company demonstrated its full transceiver lineup ranging from 100G to 1.6T, along with a live 6.4T on-board optics demonstration powered by its 400mW external laser. AOI emphasized that its high-power laser platform enables the link budgets required for next-generation CPO and NPO architectures, adding that its design combines “extreme power with a hot-swappable, highly serviceable design” to ensure reliability for mission-critical GPU clusters.
On March 9, 2026, the company announced it secured its first volume order for 1.6T data center transceivers from a major hyperscale customer to support AI-driven network upgrades. CEO Dr. Thompson Lin said the industry is seeing a “clear progression toward higher-speed optics,” with AOI positioned to deliver across 400G, 800G, and 1.6T solutions. He added that ongoing expansion in Taiwan and a new facility in Texas are expected to significantly increase capacity, with combined production projected to exceed 500,000 units per month for 800G and 1.6T transceivers by year-end.
Last month, Applied Optoelectronics reported Q4 adjusted EPS of (1c), ahead of the (11c) consensus estimate. Revenue came in at $134.27M, in line with the $134.12M consensus. Lin said the company delivered “record fourth quarter results” and capped “the strongest year in our company’s history,” driven by demand across both CATV and data center segments, with momentum expected to carry into 2026.
Applied Optoelectronics, Inc. designs and manufactures fiber-optic networking products, including transceivers, lasers, and related components for data center and broadband applications.
9. Gilat Satellite Networks Ltd. (NASDAQ:GILT)
On March 18, 2026, Gilat Satellite Networks Ltd. (NASDAQ:GILT) announced that its defense division, alongside Amazon Web Services, SES Space and Defense, and the WAVE Consortium, will conduct a joint demonstration of a virtualized satellite modem operating over cloud infrastructure at Satellite 2026. The demonstration will feature a cloud-based FPGA-accelerated modem running on AWS paired with a Gilat Aquarius Pro DS modem, highlighting advances in software-defined satellite communications. The company said the setup demonstrates how modem functionality can be delivered via software rather than hardware, enabling greater flexibility, scalability, and interoperability for defense and government SATCOM networks through open, standardized architectures.
On March 10, 2026, Gilat Satellite Networks Ltd. also announced that its subsidiary, Gilat DataPath, secured approximately $6M in new orders to continue providing field and technical services to the U.S. Army. The work will be delivered over the next six months and extends the company’s ongoing multi-year engagement under the GTACS II contract. Gilat DataPath President Nicole Robinson said the order reflects the Army’s continued confidence in the company’s ability to support mission-critical communications with reliable and responsive services.
Gilat Satellite Networks Ltd. provides satellite-based broadband communication solutions for commercial and defense applications worldwide.
8. Lumentum Holdings Inc. (NASDAQ:LITE)
On March 18, 2026, Morgan Stanley raised its price target on Lumentum Holdings Inc. (NASDAQ:LITE) to $595 from $520 and maintained an Equal Weight rating following the company’s investor briefing. The firm said it came away “incrementally positive” on optical circuit switching (OCS) demand, highlighting a newly disclosed multi-billion-dollar OCS order. Morgan Stanley noted that increasing optical content, along with Lumentum’s exposure to co-packaged optics (CPO), OCS, and transceivers, supports higher estimates going forward.
On March 17, 2026, at the Nokia Optical Fiber Communication Conference, Lumentum’s executives pointed to improving execution across engineering and manufacturing, citing better margins, delivery performance, and revenue trends in the cloud transceiver business. They also disclosed a newly signed multi-year, multi-billion-dollar agreement with a major OCS customer, which is expected to drive sustained revenue growth in the segment.
On March 10, 2026, Lumentum Holdings Inc. announced it will be added to the S&P 500 index, effective before the market opens on March 23.
Lumentum Holdings Inc. manufactures optical and photonic products, serving cloud, networking, and industrial markets globally.
7. Ondas Inc. (NASDAQ:ONDS)
On March 20, 2026, Ondas Holdings Inc. (NASDAQ:ONDS) guided Q4 revenue to $29.1M–$30.1M, above the $27.77M consensus estimate. The company expects net income of $82.9M–$83.4M and adjusted EBITDA of $(9.9)M to $(9.4)M for the quarter. Ondas also reiterated its FY26 revenue outlook of $170M–$180M, in line with the $177.32M consensus.
On March 18, 2026, Ondas announced the formation of ONBERG Autonomous Systems, a joint venture with Heidelberger Druckmaschinen’s subsidiary HD Advanced Technologies. The venture builds on a December 2025 memorandum and is focused on delivering autonomous drone defense and security systems across Germany and Ukraine in its initial phase. ONBERG aims to serve as a European platform for counter-UAS and ISR solutions, combining Ondas’ technologies with Heidelberg’s manufacturing capabilities. The initiative includes plans to scale production in Germany, establish localized supply chains, and support long-term development of a sovereign European defense ecosystem.
On March 17, 2026, Ondas acquired Indo Earth Moving, a company focused on heavy engineering equipment for military and infrastructure programs. Indo was recently awarded a $140M contract as prime contractor to supply heavy-tracked engineering vehicles, along with maintenance and logistics support, over a multi-year period. The program includes the delivery of dozens of units and the buildout of sustainment infrastructure to support ongoing operations.
Ondas Holdings Inc. provides private wireless, drone, and automated data solutions through its Ondas Networks and Ondas Autonomous Systems segments.
6. Palantir Technologies Inc. (NASDAQ:PLTR)
On March 19, 2026, Palantir Technologies Inc. (NASDAQ:PLTR) announced a strategic partnership with Moder to co-develop an AI-powered mortgage operations platform, with Freedom Mortgage as the first pilot customer. The platform uses Palantir’s Ontology to deploy an agentic AI framework that integrates with existing systems of record. Early deployments with Freedom Mortgage are already live across several core processes, demonstrating initial operational improvements.
On March 18, 2026, UBS raised its price target on Palantir Technologies Inc. to $200 from $180 previously and maintained a Buy rating on the shares.
On March 16, 2026, McGill and Partners and AIG announced a collaboration in the subscription insurance market, leveraging agentic AI to optimize underwriting and capital deployment. As part of the initiative, AIG worked with Palantir to build an ontology of McGill and Partners’ specialty portfolio. By combining Palantir’s Foundry platform with McGill’s digital broking system, the partnership enables near real-time insights on risk exposure, capital allocation, and underwriting performance, with AIG expecting to deploy capacity of 25% across up to $1.6B of gross premiums written.
Palantir Technologies Inc. develops software platforms used across government and commercial sectors for data integration, analytics, and operational decision-making.
5. Nebius Group N.V. (NASDAQ:NBIS)
On March 18, 2026, Nebius Group N.V. (NASDAQ:NBIS) was reported to be planning a convertible debt raise of approximately $3.75B to fund data center expansion and the purchase of customized chips. The offering is expected to be split into two tranches, with $2B due in 2031 and $1.75B due in 2033. The planned raise follows a newly announced commercial agreement with Meta, with proceeds aimed at scaling infrastructure to support growing AI demand.
On March 17, 2026, DA Davidson raised its price target on Nebius to $200 from $150 and maintained a Buy rating, citing a newly signed long-term contract with Meta valued at roughly $27B, in addition to a prior $3B deal. The firm said the agreement reinforces Nebius’s position as a leading neocloud provider alongside peers like CoreWeave and pointed to the potential for another major hyperscaler customer in the near term.
On March 16, 2026, BWS Financial also raised its price target on Nebius to $200 from $130 and reiterated a Buy rating. The firm highlighted that the latest Meta contract—expected to begin in early 2027—carries a base value of $12B with the potential to expand to $15B, positioning the company for continued growth into 2027.
Nebius Group N.V. builds full-stack infrastructure for AI, including large-scale GPU clusters, cloud platforms, and developer tools.
4. Aeva Technologies, Inc. (NASDAQ:AEVA)
On March 17, 2026, Aeva Technologies, Inc. (NASDAQ:AEVA) announced the launch of Aeva CityOS, an AI-powered Intelligent Transportation Systems platform built on Nvidia’s AGX Orin. The company said the platform is designed to digitize intersections and roadways, enabling real-time traffic intelligence to improve safety, efficiency, and urban planning through data-driven insights.
Last month, Aeva Technologies, Inc. reported Q4 adjusted EPS of (40c), ahead of the (44c) consensus estimate. Revenue came in at $5.6M versus the $3.6M consensus. CEO Soroush Salehian described 2025 as a “landmark year,” citing growing demand for the company’s perception platform across multiple applications. He highlighted the company’s first series production award with a top 10 passenger OEM, a new development program with a top 5 OEM, and an initial defense win with Forterra for autonomous ground vehicles, adding that momentum is expected to continue into 2026.
Aeva Technologies, Inc. expects FY26 revenue of $30M–$36M, above the $28.34M consensus estimate.
Aeva Technologies, Inc. develops LiDAR sensing systems and perception software for autonomous and intelligent systems.
3. Marvell Technology, Inc. (NASDAQ:MRVL)
On March 12, 2026, Stifel analyst Tore Svanberg highlighted Marvell Technology, Inc. (NASDAQ:MRVL) following its collaboration with Mojo Vision to support the commercialization of micro-LED optical interconnects. The partnership builds on Marvell’s participation in Mojo Vision’s $75M Series B Prime funding round in September 2025 and includes joint development of next-generation interconnect technologies across multiple hardware cycles. Stifel noted the technology has been in development for over a year and is expected to support a range of networking architectures, with initial focus likely on scale-up applications, while also pointing to potential synergies with Marvell’s Celestial AI acquisition and silicon photonics roadmap. The firm maintains a Buy rating on the shares.
On March 12, 2026, Marvell and Mojo Vision formally announced the long-term collaboration aimed at developing a new class of optical interconnect solutions to support AI-driven data center infrastructure.
On March 6, 2026, Craig-Hallum analyst Christian Schwab raised the price target on Marvell to $164 from $141 and maintained a Buy rating following strong Q4 results and an increased multi-year outlook. The firm said data center revenue is now expected to grow 40% year over year in FY27 and 50% in FY28, driven by strength across interconnect, custom compute, and switching.
Marvell Technology, Inc. provides semiconductor solutions focused on data infrastructure across cloud, networking, and edge applications.
2. PTC Inc. (NASDAQ:PTC)
On March 18, 2026, Rosenblatt lowered the price target on PTC Inc. (NASDAQ:PTC) to $190 from $220 and maintained a Buy rating following the company’s completed sale of its Kepware and ThingWorx businesses to TPG. The firm said the adjustment reflects updated estimates for FY26–27 after the divestitures.
On March 17, 2026, Barclays reinstated coverage on PTC with an Overweight rating and a $180 price target after the transaction closed. Barclays noted that underlying growth improved by 0.5 points, while free cash flow is expected to face a $70M headwind in fiscal 2027 due to the earlier closing. On March 16, 2026, PTC updated its FY25 outlook, excluding Kepware and ThingWorx, guiding adjusted EPS to $6.36–$8.84 versus prior guidance of $6.69–$9.15 and consensus of $8.12. The company also expects revenue of $2.540B–$2.805B, compared with prior guidance of $2.675B–$2.940B and consensus of $2.83B.
On March 16, 2026, PTC confirmed it completed the sale of Kepware and ThingWorx to TPG, receiving $523M in cash proceeds, including adjustments of $42M related to working capital and indebtedness. Net after-tax proceeds are expected to be approximately $375M after transaction costs and taxes.
PTC Inc. develops software solutions for product lifecycle management, industrial IoT, and service lifecycle management across global markets.
1. Micron Technology, Inc. (NASDAQ:MU)
On March 19, 2026, Raymond James raised its price target on Micron Technology, Inc. (NASDAQ:MU) to $530 from $310 and maintained an Outperform rating, citing “monster” upside in both results and guidance that met or exceeded even more aggressive buyside expectations.
The same day, Wedbush lifted its price target to $550 from $500 and reiterated an Outperform rating, noting that Micron delivered results well ahead of prior forecasts and issued Q3 guidance significantly above consensus. Cantor Fitzgerald also raised its price target to $700 from $450 and kept an Overweight rating, highlighting a “blowout” performance with May quarter EPS guided to $19.15 versus the $12.03 consensus, driven by strong DRAM and NAND pricing, with AI now accounting for roughly 50% of total DRAM demand and continued tight supply supporting margins.
On March 18, 2026, Micron reported Q2 EPS of $12.20, well above the $8.65 consensus estimate, on revenue of $23.86B versus $19.2B expected. CEO Sanjay Mehrotra said the company set records across revenue, margins, EPS, and free cash flow, driven by strong demand and tight industry supply, adding that memory has become a “strategic asset” in the AI era. The company also approved a 30% increase in its quarterly dividend.
Micron expects Q3 EPS of $18.75 to $19.55, significantly above the $10.57 consensus estimate.
Micron Technology, Inc. designs and manufactures memory and storage solutions used across data centers, AI systems, and consumer devices.
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