In this article, we will take a look at the 12 Best Computer Hardware Stocks to Invest In.
As technology advances, demand for computing equipment increases, resulting in constant expansion in the computer hardware market. With the rapid development of smart and connected systems, the industry has evolved to include a wide range of products, including servers that power the developing data center sector, as well as storage devices, PC peripherals, and personal computers.
According to a report from Business Research Insights, the computer hardware industry was estimated to be around $1405.3 billion in 2024 and is projected to increase at a compound annual growth rate (CAGR) of approximately 7.26% from 2025 to 2033, reaching $2641 billion at the end of the period.
Hardware is Eating the World, Deloitte’s December 2024 study, emphasized the resurgence of hardware as a crucial component of technological advancement. After years of software dominating the market, hardware is back on center stage, especially when it comes to AI-powered products. Thus, the global market for AI hardware was projected to reach $59.3 billion by 2024. Moreover, at a CAGR of 18%, the market is anticipated to expand from $66.8 billion in 2025 to $296.3 billion in 2034.
As a result, since major technology companies are known to incorporate AI into their products to promote efficiency, hardware is playing an increasingly important role in the future of technology.
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Our Methodology
To compile our list of the top computer hardware stocks to buy, we used the Finviz stock screener to look for U.S.-listed companies in the industry with strong fundamentals. We then ranked them according to the number of hedge funds that held stakes in them as of the second quarter of 2025.
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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
12. Rigetti Computing, Inc. (NASDAQ:RGTI)
Number of Hedge Fund Holders: 17
Rigetti Computing, Inc. (NASDAQ:RGTI) ranks among the best computer hardware stocks to invest in. Benchmark kept its Buy rating on Rigetti Computing, Inc. (NASDAQ:RGTI) and increased its price target from $14 to $20 on August 13. The hike comes after Rigetti’s strong second-quarter earnings plus additional advancements in its scaling approach based on chiplets. By year’s end, the company remains on track to deliver a 100-qubit multi-chiplet QPU with 99.5% two-qubit gate integrity, which is a significant step toward quantum advantage.
Moreover, Rigetti Computing, Inc. (NASDAQ:RGTI) recently unveiled its Cepheus-1 system, which reduced error rates and achieved the fidelity target. This introduction confirms that Rigetti’s design is scalable and is the largest multi-chip quantum processor in the industry.
According to Benchmark, these developments support Rigetti’s plan for a system with 1,000+ qubits, error correction, 99.9% fidelity, and gate speeds below 50 ns, all of which are required to achieve quantum advantage.
Rigetti Computing, Inc. (NASDAQ:RGTI) is a quantum computing company that manufactures and operates quantum computers that are intended to resolve complicated issues faster and more effectively. The company’s scalable, unique multi-chip architecture serves as the foundation for next-generation technologies that aim to transform healthcare, AI, and the climate.
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