On February 10, Deloitte shared its outlook on the trends that will shape the hardware landscape in 2026, and the picture is an interesting one for investors. At the center of it all is Artificial Intelligence. The explosive demand for AI servers and next-generation data centers is driving enterprise hardware revenue higher, giving companies in this space a real tailwind. Data centers are being rebuilt from the ground up, with higher power capacity, liquid cooling, and ultra-fast networks. These developments lead to fresh opportunities across the hardware ecosystem.
That said, it’s not all smooth sailing. The firm has projected that the Personal Computer sales may soften as rising memory prices weigh on consumer demand, and economic pressures mean everyday buyers are being more selective about where they spend on tech. Still, for companies that can meet the infrastructure demands of AI while navigating these headwinds, 2026 is shaping up to be a pivotal year. Investors are paying attention.
So which computer hardware stocks are worth watching right now? Let’s explore our 10 Best Computer Hardware Stocks to Buy for the Long Term.
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Our Methodology
To identify relevant stocks for this article, we screened U.S.-listed computer hardware companies with market capitalizations above $2 billion. We further narrowed our search to companies with average revenue growth above 5% over the next 5 years. Also, we only shortlisted stocks with at least 10% upside potential according to TipRanks consensus, as of March 6 closing.
Next, we assessed the number of hedge funds holding positions in these stocks as of the end of the fourth quarter of 2025, using Insider Monkey’s hedge fund database. Finally, we selected 11 stocks with the highest number of hedge funds holding stakes and ranked them in ascending order.
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).
11. D-Wave Quantum Inc. (NYSE:QBTS)
D-Wave Quantum Inc. (NYSE:QBTS) is one of the 11 best computer hardware stocks to buy for the long term.
On February 27, Roth Capital reduced its price target on D-Wave Quantum Inc. (NYSE:QBTS) from $40 to $30. The firm reiterated a Buy rating on the stock, which still offers more than 61% upside potential despite the downward revision.
Roth noted that the company had registered strong bookings in the fourth quarter, with 2026 bookings already showing significant growth momentum. The reduction in price target is largely due to incremental operating costs, following the acquisition of Quantum Circuits. However, Roth is optimistic about the company’s “strong funding position in support of these investments.”
On February 26, D-Wave Quantum Inc. (NYSE:QBTS) reported adjusted EPS of (9c) for the fourth quarter, compared to the consensus estimate of (6c). Revenue for the quarter came in at $2.75 million, below the consensus estimate of $3.7 million. Chief Executive Officer Alan Baratz reflected on a highly transformative year that was characterized by notable growth across key parameters. Baratz stated:
“Our 2025 results mark one of the most successful and transformative years in D-Wave’s history, with meaningful growth across every key business metric – revenue, Bookings, technical milestones, and scientific breakthroughs. We are entering 2026 with exceptional momentum: generating over $30 million in Bookings in January alone, expanding our market leadership through the acquisition of gate-model quantum computing company Quantum Circuits, Inc., and securing an eight-figure enterprise QCaaS agreement that underscores growing customer confidence in our technology’s power to transform enterprise operations. 2026 is shaping up to be a defining year for D-Wave.”
D-Wave Quantum Inc. (NYSE:QBTS) is a quantum computing and software company that provides real-time access to quantum systems through its cloud platform. It offers specialized tools for developers and businesses to build applications that solve complex problems, from logistics and scheduling to drug discovery. The company’s technology turns massive data challenges into efficient, high-speed solutions.
10. Rigetti Computing Inc. (NASDAQ:RGTI)
Rigetti Computing Inc. (NASDAQ:RGTI) is one of the 11 best computer hardware stocks to buy for the long term.
On March 5, Kevin Garrigan from Jefferies decreased the firm’s price target on Rigetti Computing Inc. (NASDAQ:RGTI) to $20 from $30. The analyst maintains a Hold rating on the stock, which currently yields almost 18% upside potential following the revision.
Despite the target adjustment, Garrigan views Rigetti’s operational momentum positively, citing improved system sales momentum and multiple 2026 contract wins. Additionally, management’s progress in speed and error rates, along with reassurance on their March timeline for the 108-qubit system deployment, turns out to be the key encouraging factor for the company’s near-term outlook.
Earlier on March 5, Rigetti Computing Inc. (NASDAQ:RGTI) announced Q4 revenue of $1.9 million versus the consensus forecasts of $2.3 million. Cash & equivalents, and available-for-sale investments as of Dec 31, 2025, were $589.8 million. CEO Dr. Subodh Kulkarni stated the company made significant progress in fidelity, scale, and system architecture during 2025.
The focus remains on achieving practical quantum advantage, with key strategy elements validated, including improved two-qubit gate fidelity across monolithic and chiplet-based systems and continued scaling momentum in superconducting quantum technology. The vertically integrated full-stack development approach enables faster iteration, IP protection, and performance improvements as the company scales beyond 100 qubits.
Rigetti Computing Inc. (NASDAQ:RGTI) is a quantum computing and semiconductor hardware company that designs and builds superconducting quantum processors. Through its cloud-based platform, the company provides quantum-computing-as-a-service to commercial, academic, and government partners. By combining advanced hardware with specialized software, it enables organizations to explore and develop powerful, next-generation computational applications.
9. IonQ Inc. (NYSE:IONQ)
IonQ Inc. (NYSE:IONQ) is one of the 11 best computer hardware stocks to buy for the long term.
On February 26, IonQ Inc. (NYSE:IONQ) announced that its technology is powering Romania’s National Quantum Communication Infrastructure, or RoNaQCI. According to the company, it is one of the largest and most complex operational quantum key distribution networks in Europe and one of the largest outside China.
This marks a major milestone in securing Europe’s critical communications infrastructure against existing and future cyber threats. The national network is the only deployment of IonQ’s commercial quantum key distribution technology in the country, in partnership with POLITEHNICA Bucharest and the national research network, RoEduNet.
On February 26, DA Davidson reduced the price target on IonQ Inc. (NYSE:IONQ) from $55 to $35. The firm maintained its Hold rating on the stock post the fourth quarter results. It anticipates a significant role to be played by the company, as a higher level of computationally complex workload emerges in the foreseeable future. The firm views this space as still constrained due to limited financial injection and applied research.
IonQ Inc. (NYSE:IONQ) is a quantum computing hardware and software company that develops advanced systems and makes them accessible through major cloud platforms like AWS and Azure. Beyond computing, it specializes in quantum-safe communications and detection. It partners with research institutions and enterprises to co-develop algorithms and build the next generation of quantum hardware.
8. Logitech International S.A. (NASDAQ:LOGI)
Logitech International S.A. (NASDAQ:LOGI) is one of the 11 best computer hardware stocks to buy for the long term.
On March 4, CEO & Director Johanna Faber represented Logitech International S.A. (NASDAQ:LOGI) in the Morgan Stanley Technology, Media & Telecom Conference 2026. She showed appreciation for macroeconomic trends that appear highly favorable for the business as it enters fiscal 2027.
Faber also shed light on three tailwinds at play for Logitech International S.A. (NASDAQ:LOGI). First is a highly prominent strength across the gaming market, as younger consumers are doing more of it.
Second is the immense potential stemming from new work arrangements across global companies. As companies shift towards variable working days in the office, there is a need for refurbishment of those spaces. Serving around 70% of Fortune 500 companies across the map, this bodes well for Logitech. Finally, Faber spoke about how AI is enabling the company to offer smarter products with superior quality.
Back on January 29, Berenberg increased the firm’s price target on Logitech International S.A. (NASDAQ:LOGI) from $138 to $143. The firm maintained its Buy rating on the stock, which offers an adjusted upside potential of more than 55% at the current level.
Berenberg’s adjustment followed the company’s impressive third-quarter results. The firm shared its views on recent market apprehensions regarding memory pricing, which have created a “nice entry point” for investors.
Logitech International S.A. (NASDAQ:LOGI) is a consumer electronics and software-enabled hardware company that designs tools for working, creating, and gaming. It provides a wide range of peripherals, including keyboards, webcams, and streaming gear. Through a global network of retailers, it connects millions of users to their digital environments every day.
7. Super Micro Computer Inc. (NASDAQ:SMCI)
Super Micro Computer Inc. (NASDAQ:SMCI) is one of the 11 best computer hardware stocks to buy for the long term.
On March 4, SK Telecom (SKM) revealed that it signed a three-party MOU involving Super Micro Computer Inc. (NASDAQ:SMCI), and Schneider Electric, a global leader in mechanical, electrical and plumbing space. The arrangement surrounds collaborative efforts for the development of holistic solutions for artificial intelligence data centers. SK Telecom (SKM) stated:
“The agreement, signed at MWC26, aims to shorten AIDC construction timelines and help alleviate supply bottlenecks by leveraging the combined expertise of the three companies. The companies will collaborate on a pre-fabricated modular model that integrates AI computing servers with supporting power and cooling infrastructure into a single pre-manufactured module, enabling AIDCs to be constructed in a building-block configuration.”
Back on February 4, Rosenblatt maintained its Buy rating on Super Micro Computer (NASDAQ:SMCI). The firm set a price target of $50 for the stock, implying upside potential of almost 60%.
The firm reflected on the company’s 153% quarter-over-quarter revenue growth, stemming from rising production of the GB300 system. It has been described as “one of the most complicated systems ever produced.”
Super Micro Computer Inc. (NASDAQ:SMCI) is a specialized server and storage hardware company. It designs modular, open-standard architectures, including high-performance AI servers and multi-node systems. Beyond hardware, it also provides comprehensive management software, technical support, and rack-level deployment services to power modern enterprise data centers, cloud computing, and AI-driven workloads.
6. Everpure Inc. (NYSE:PSTG)
Everpure Inc. (NYSE:PSTG) is one of the 11 best computer hardware stocks to buy for the long term.
On February 26, Lake Street lowered the firm’s price target on Everpure Inc. (NYSE:PSTG) from $92 to $90. The firm maintained its Buy rating on the stock, which still offers almost 48% upside potential despite the downward revision.
This downward adjustment accounts for near-term headwinds stemming from a temporarily depressed gross margin profile and the immediate dilutive impact of the 1touch acquisition. Despite these transient financial pressures, the firm remains optimistic about the company’s core operational momentum, explicitly noting that they are “pleased with the accelerated product revenue growth.”
On February 23, Bank of America Securities analyst Wamsi Mohan reduced the firm’s price target on Everpure Inc. (NYSE:PSTG) from $100 to $90. The analyst maintained his Neutral rating on the shares.
Mohan expects first-quarter revenues of $986 million, above the street’s $917 million estimates. He also forecasted an EPS of 34c versus the consensus of 39c due to lower product margins.
Everpure Inc. (NYSE:PSTG) is a data storage and management hardware and software company. It provides enterprise-class solutions, including all-flash storage arrays, cloud-native Kubernetes data management, and AI-driven infrastructure platforms. Its technology enables organizations to modernize hybrid cloud environments, protect critical data, and optimize performance for traditional and high-performance computing workloads.
5. Dell Technologies Inc. (NYSE:DELL)
Dell Technologies Inc. (NYSE:DELL) is one of the 11 best computer hardware stocks to buy for the long term.
On February 27, Vijay Rakesh from Mizuho increased the price target on Dell Technologies Inc. (NYSE:DELL) to $180 from $175. The analyst reaffirmed his Outperform rating on the stock, which offers a revised upside potential of almost 23% at the prevailing level.
Rakesh reflected on the company’s latest fourth quarter report, which he viewed as strong. Dell Technologies Inc. (NYSE:DELL) is said to be well-positioned as it enters fiscal 2027, given strong AI demand. The analyst also pointed out the storage attach opportunity that has the potential to deliver high margins.
On February 27, J.P. Morgan analyst Samik Chatterjee also increased the price target on Dell Technologies Inc. (NYSE:DELL) from $155 to $165 following the company’s Q4 report. The analyst maintained his Overweight rating on the shares.
Chatterjee increased his fiscal 2027 and 2028 estimates to reflect on Dell’s stand-out execution. The analyst added that management’s decision to materially raise earnings guidance despite rising memory costs “is going to drive investors to assume that the downside risks in relation to delivering to the outlook are lower than assumed earlier.”
Dell Technologies Inc. (NYSE:DELL) is a comprehensive IT hardware and software solutions company. It builds the essential backbone for enterprise digital operations, spanning high-performance servers, scalable storage, and networking hardware. By integrating these systems with specialized workstations and lifecycle services, it enables businesses to deploy, manage, and modernize complex technology environments.
4. Seagate Technology Holdings plc (NASDAQ:STX)
Seagate Technology Holdings plc (NASDAQ:STX) is one of the 11 best computer hardware stocks to buy for the long term.
On March 3, Executive VP & CFO Gianluca Romano participated in the Morgan Stanley Technology, Media & Telecom Conference 2026. He acknowledged a strong demand prevailing in the market amid AI advancements. Since AI is generating a significant amount of data, the need for necessary data storage becomes even more critical.
Romano pointed out that within this specific industry, there is no need to manufacture a different kind of hard disk for AI data storage. This aligns well with the company’s existing product mix. He also reflected on the last couple of years, where AI has taken the center stage in customer discussions, which now require a higher level of storage.
Back on February 6, Citi increased the firm’s price target on Seagate Technology Holdings plc (NASDAQ:STX) from $460 to $480. The firm maintained its Buy rating on the stock, which offers an adjusted upside potential of more than 36% at the current level.
Citi noted that recent investor meetings with company management highlighted what it described as “durable” demand for Seagate’s products. The firm indicated that the discussions reinforced confidence in the company’s business outlook.
Seagate Technology Holdings plc (NASDAQ:STX) is a data storage hardware and infrastructure company specializing in mass-capacity solutions. It designs and manufactures high-performance hard drives, solid-state drives, and edge-to-cloud platforms. By providing essential storage for everything from enterprise data centers to personal gaming rigs, it enables the secure management of massive digital footprints.
3. Sandisk Corp. (NASDAQ:SNDK)
Sandisk Corp. (NASDAQ:SNDK) is one of the 11 best computer hardware stocks to buy for the long term.
On March 3, Chairman & CEO David V. Goeckeler spoke at the Morgan Stanley Technology, Media & Telecom Conference 2026. He reflected on prior forecasts of having a strong second half, which Sandisk Corp. (NASDAQ:SNDK) did exhibit.
Goeckeler shared that the company emphasizes a lot on modeling demand and supply dynamics across all three big markets, i.e., smartphones, personal computers, and data centers. This enables the company to extract key insights on market developments. Speaking about NAND flash technology, he expects it to deliver faster growth than hard drives. Goeckeler stated:
“And I think with AI, NAND is now being fully integrated into the AI architecture. That’s something that we thought was going to happen years ago. We didn’t think it was going to happen years ago, but we were looking at the technology. NAND is the most scalable semiconductor technology out there. When you have an architecture that’s scaling like AI is, NAND is going to come into that architecture at some point. That is happening. And that, of course, is accelerating the data center growth rate.”
Back on January 30, Citi increased the firm’s price target on Sandisk Corp. (NASDAQ:SNDK) from $490 to $750. The firm maintained its Buy rating on the stock, with an adjusted upside of more than 42%. Citi noted that Sandisk Corp. (NASDAQ:SNDK) is also seeing accelerating momentum in the data center market, which continues to strengthen the company’s growth outlook.
Sandisk Corp. (NASDAQ:SNDK) is a semiconductor and flash storage hardware company. It specializes in NAND flash technology, designing solid-state drives and embedded storage solutions for everything from enterprise data centers and cloud service providers to mobile devices, automotive systems, and IoT applications. The company ensures high-speed data reliability across a global consumer and industrial market.
2. Western Digital Corp. (NASDAQ:WDC)
Western Digital Corp. (NASDAQ:WDC) is one of the 11 best computer hardware stocks to buy for the long term.
On March 3, CEO & Director Tiang Yew Tan spoke at the Morgan Stanley Technology, Media & Telecom Conference 2026, highlighting a structural shift in how customers perceive the value of data and storage. He attributed this to the expansion of artificial intelligence capabilities and the persistent secular growth within the cloud.
Tan believes that customers no longer consider hard drives to be just a commodity. Rather, they view it as a highly strategic component of the AI and cloud stack. Tan stated:
“That also means it’s a great responsibility for us because we need to be able to deliver quality, scalable, reliable exabytes to our customers going forward. And that’s really shaped the strategy that we’ve laid out for the company when we spun out SanDisk, which is really focused around the customer, really getting much closer to the customer, just not in our traditional engagement with their supply chain organizations. We’re much deeper with their engineering and technical organizations as well.”
On February 9, Bank of America Securities increased the price target on Western Digital Corp. (NASDAQ:WDC) from $345 to $375. The firm maintained its Buy rating on the stock, which offers a revised upside potential of almost 53%.
Following in-person investor meetings in New York with CFO Kris Sennesael, the firm said it came away with greater confidence in Western Digital’s ability to achieve the revised long-term targets outlined during its recent Innovation Day.
Western Digital Corp. (NASDAQ:WDC) is a data storage hardware and infrastructure company. It designs and manufactures a broad range of HDD and flash-based storage solutions, from high-capacity data center platforms and NAS systems to portable consumer drives. Its products provide the foundational infrastructure for managing and archiving digital data at scale.
1. Arista Networks (NYSE:ANET)
Arista Networks (NYSE:ANET) is one of the 11 best computer hardware stocks to buy for the long term.
On February 25, Chief Platform Officer John McCool spoke at the Bernstein Insights, reflecting on Ethernet’s potential across the broader artificial intelligence opportunity. He also highlighted significant progress over the last couple of years around the standardization of the back-end network, which has led to the expansion of the front-end network as well. McCool stated:
“So I think, clearly, Ethernet has a place in this AI opportunity. I think if we went back a couple of years ago, there was a question, what role does Ethernet have connecting what we call the back-end network, connecting GPUs and clusters. We’ve made substantial progress, not just as Arista, but as an industry in the standardization and development of that back-end network. And then the interconnect of these clusters, we call the front-end network also grows tremendously along with the challenges of power consumption. People want to connect multiple clusters across large numbers of physical locations to get power effectively. So that’s kind of the framework that we think about the Ethernet opportunity.”
On February 13, Ryan Koontz from Needham also raised his target price on Arista Networks (NYSE:ANET) from $165 to $185. The analyst maintained a Buy rating on the stock, with a revised upside potential of more than 39%. Koontz highlighted the company’s impressive fourth quarter outperformance, along with a 6% rise in 2026 guidance.
Arista Networks (NYSE:ANET) develops and sells high-performance, software- and data-driven client-to-cloud networking solutions. It predominantly facilitates AI, data center, and routing architectures. The company focuses heavily on low latency, automation, high-speed, and scalability, serving various market segments such as cloud service providers, financial services firms, government clients, healthcare, education, energy, and others.
While we acknowledge the potential of ANET as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ANET and that has 100x upside potential, check out our report about the cheapest AI stock.
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