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.
Iaroslav Neliubov/Shutterstock.com
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.
11. Corsair Gaming Inc. (NASDAQ:CRSR)
Number of Hedge Fund Holders: 17
Corsair Gaming Inc. (NASDAQ:CRSR) ranks among the best computer hardware stocks to invest in. Following the company’s second-quarter results, Barclays maintained its Overweight rating on Corsair Gaming Inc. (NASDAQ:CRSR) and raised its price target from $10 to $12 on August 8. The company reported better-than-expected second-quarter 2025 earnings on account of its higher margins and double-digit growth in its Components and Systems areas.
During the earnings call, the gaming hardware manufacturer focused on how it is addressing the effects of tariffs. Corsair Gaming Inc. (NASDAQ:CRSR) reported that throughout the quarter, both gross profits and gross margins increased due to an enhanced mix of higher-growth products.
Corsair Gaming Inc. (NASDAQ:CRSR) continued cutting its debt, closing the quarter with $125 million outstanding. The company also restated its commitment to controlling operating costs while looking for long-term growth prospects.
Corsair Gaming Inc. (NASDAQ:CRSR) creates, develops, and sells gaming and streaming peripherals, components, and systems worldwide. Its offerings include gaming keyboards, streaming equipment, PC components, and pre-built PCs, among others.
10. D-Wave Quantum Inc. (NYSE:QBTS)
Number of Hedge Fund Holders: 24
D-Wave Quantum Inc. (NYSE:QBTS) ranks among the best computer hardware stocks to invest in. On August 11, Benchmark maintained its Buy rating and $20 price target for D-Wave Quantum Inc. (NYSE:QBTS), highlighting the company’s strong progress in technology, client acquisition, and financial performance.
D-Wave’s record cash position of over $819 million, according to Benchmark, gives the company a lot of runway to pursue both targeted M&A and organic R&D, putting it in a position to handle high-value computational issues.
The firm believes that Advantage2’s ongoing commercial success will spur reservations in the near future, while D-Wave’s dual-track development of gate-model and annealing systems offers flexibility across complementary quantum computing architectures.
D-Wave Quantum Inc. (NYSE:QBTS) develops and supplies software, services, and equipment for quantum computing. Through its Leap platform, the company also offers cloud access to its hybrid solvers and quantum computers.
9. Logitech International S.A. (NASDAQ:LOGI)
Number of Hedge Fund Holders: 25
Logitech International S.A. (NASDAQ:LOGI) ranks among the best computer hardware stocks to invest in. On August 5, BNP Paribas Exane raised its price target for Logitech International S.A. (NASDAQ:LOGI) from CHF80 to CHF88 and upgraded the company from Neutral to Outperform. The revision follows Logitech’s first-quarter fiscal 2026 results, which beat analyst forecasts by 3%, 50 basis points, and 21%, respectively, in sales, gross margin, and operating profit.
China was the main driver of the 15% growth in Asia sales, while video conferencing revenues drove a 13% gain in business-to-business sales. While sales in America dropped 4%, the company attributed this to the unavailability of several stock-keeping units during pricing negotiations.
Market consensus, according to BNP Paribas Exane, overestimates the impact of tariffs on Logitech International S.A. (NASDAQ:LOGI). The firm anticipates a net impact of 100 basis points from tariffs, since the gross impact of 200–300 basis points will be partially offset by 200 basis points in price adjustments.
Logitech International S.A. (NASDAQ:LOGI) is a Swiss holding company involved in the design, production, and marketing of computer software and peripherals. Its software and equipment allow users to improve their digital experiences in a variety of domains, including gaming and music.
8. IonQ, Inc. (NYSE:IONQ)
Number of Hedge Fund Holders: 30
IonQ, Inc. (NYSE:IONQ) ranks among the best computer hardware stocks to invest in. On August 7, Morgan Stanley maintained its Equalweight rating on IonQ, Inc. (NYSE:IONQ) and increased its price target from $30 to $32. Morgan Stanley now values IonQ at 50-80x 2026 price-to-sales ratio, up from its previous range of 50-70x.
IonQ, Inc. (NYSE:IONQ) has presented a “compelling case that its technology can accelerate commercial adoption and build leadership,” according to Morgan Stanley, with the firm also noting a “very large long-term opportunity for quantum technology,” especially in fields like artificial intelligence and simulation.
The firm stated that IonQ’s market value of $13 billion seems fair considering its ability to dominate several markets that have the potential to grow significantly, though it “doesn’t leave room for much upside until the market inflects.”
IonQ, Inc. (NYSE:IONQ) is a US-based company that develops quantum computing hardware, software, and networking solutions for both enterprise and defense clients.
7. Super Micro Computer Inc. (NASDAQ:SMCI)
Number of Hedge Fund Holders: 48
Super Micro Computer, Inc. (NASDAQ:SMCI) ranks among the best computer hardware stocks to invest in. On August 11, Super Micro Computer, Inc. (NASDAQ:SMCI) announced a 4U direct liquid-cooled system with NVIDIA HGX B200 processors. According to the company, this system can save up to 40% of data center power when compared to air cooling. The system also consists of data processing units, storage, administration components, and front-accessible network interface cards.
Super Micro Computer, Inc. (NASDAQ:SMCI) also unveiled an 8U air-cooled front input/output system with more customizable memory configuration options. In addition to maintaining cold aisle serviceability for data center operations, the system has 32 DIMM slots that can accommodate up to 8TB of capacity.
Built to accommodate future NVIDIA HGX B300 platforms, the front input/output access on both systems makes cabling and maintenance easier.
Super Micro Computer, Inc. (NASDAQ:SMCI) serves both domestic and foreign markets by designing and manufacturing high-performance server and storage systems based on modular and open architecture.
6. Sandisk Corporation (NASDAQ:SNDK)
Number of Hedge Fund Holders: 49
Sandisk Corporation (NASDAQ:SNDK) ranks among the best computer hardware stocks to invest in. Cantor Fitzgerald maintained its Overweight rating and $50 price target for Sandisk Corporation (NASDAQ:SNDK) on August 15 in response to the company’s most recent earnings report. Although the June quarter earnings topped expectations, the positive results were overshadowed by decreased EPS guidance for the September quarter.
Sandisk Corporation (NASDAQ:SNDK) anticipates that undersupplied conditions will continue until the end of 2026, though it remains upbeat about the overall supply/demand situation. According to Sandisk Corporation (NASDAQ:SNDK), its own inventory days decreased from 150 days in the previous quarter to 135 days, indicating that channel inventories have stabilized.
Cantor Fitzgerald anticipates margins to also normalize over time as cost per bit continues to decline and ASPs improve, despite worries about lower gross margin projections, which it mostly attributes to higher costs in BiCS8 technology.
Sandisk Corporation (NASDAQ:SNDK) is an American multinational computer technology company that develops and produces flash memory storage devices based on NAND technology.
5. Dell Technologies Inc. (NYSE:DELL)
Number of Hedge Fund Holders: 54
Dell Technologies Inc. (NYSE:DELL) ranks among the best computer hardware stocks to invest in. Mizuho maintained its Outperform rating on Dell Technologies Inc. (NYSE:DELL) and increased its price target from $150 to $160 on August 13. The price target hike, which reflects higher expectations for Dell’s artificial intelligence server business, is a multiple of 14.4x Mizuho’s fiscal 2027 earnings per share projection, up from the previous multiple of 13.6x.
In contrast to consensus projections of $29.2 billion and $2.29 billion for the July quarter, Mizuho maintained its revenue and EPS estimates at $29 billion and $2.25, respectively.
Citing advantages from growing AI server deployments, such as xAI’s Colossus 2 ramp-up and expected capital expenditure increases from CRWV in the second half of 2025, the firm also raised its AI server revenue forecasts for fiscal years 2026 and 2027 to $16.6 billion and $22 billion, respectively.
Dell Technologies Inc. (NYSE:DELL) designs, develops, manufactures, and maintains a number of IT infrastructure products, including workstations, laptops, desktop computers, mobile devices, storage solutions, software, and cloud services.
4. Hewlett Packard Enterprise Company (NYSE:HPE)
Number of Hedge Fund Holders: 60
Hewlett Packard Enterprise Company (NYSE:HPE) ranks among the best computer hardware stocks to invest in. Evercore ISI added Hewlett Packard Enterprise Company (NYSE:HPE) to its “Outperform List” on August 20, stating that the company is well-positioned to outperform July-quarter estimates and give a stronger outlook once the acquisition of Juniper Networks (NYSE:JNPR) has been included in results.
According to the firm, the demand for networking equipment is increasing, and year-over-year comparisons should continue to be positive for the rest of the year. Additionally, it anticipates that HPE would gain from increased sales of AI servers as GPU supply improves.
Outside the acquisition, Evercore reported that a refresh cycle and improved execution following previous blunders are helping HPE’s core server business to improve. The company’s internal cost-cutting initiatives, such as the anticipated 5% layoffs in fiscal 2025, could further boost its financial performance.
Hewlett Packard Enterprise Company (NYSE:HPE) provides data services globally through its several divisions, including Corporate Investments, Compute, HPC & AI, Storage, Intelligent Edge, and Financial Services. Additionally, the company offers software-defined infrastructure (SDI) solutions to help businesses with software development and deployment, automation, network management, and storage.
3. Seagate Technology Holdings plc (NASDAQ:STX)
Number of Hedge Fund Holders: 71
Seagate Technology Holdings plc (NASDAQ:STX) ranks among the best computer hardware stocks to invest in. Benchmark kept its Buy rating on Seagate Technology Holdings plc (NASDAQ:STX)’s shares while increasing its price target from $128 to $165 on July 30. The price target raise comes after Seagate’s impressive June quarter results, which surpassed forecasts owing to the increasing demand for cloud computing around the world. Moreover, the company produced record Nearline drive shipments and gross margins during the quarter, with revenue growth of 36.29%.
Seagate’s Nearline drives are fully booked through mid-2026, according to Benchmark, proving the company’s high-capacity business storage solutions are in solid demand.
That said, Seagate Technology Holdings plc (NASDAQ:STX) reported comparatively flat results for the September quarter in spite of this positive outlook. In addition, the company’s corporate tax rate is expected to rise significantly to mid-teen percentages beginning in fiscal year 2026 as a result of the global minimum tax’s Pillar Two framework.
Originally founded as Shugart Technology in 1978, Seagate Technology Holdings plc (NASDAQ:STX) is an American data storage company that formally started operations in 1979. The company offers a full portfolio of storage devices, systems, and services from edge to cloud.
2. Western Digital Corp. (NASDAQ:WDC)
Number of Hedge Fund Holders: 74
Western Digital Corp. (NASDAQ:WDC) ranks among the best computer hardware stocks to invest in. Mizuho reaffirmed its Outperform rating on Western Digital Corp. (NASDAQ:WDC) and boosted its price target from $75 to $87 on July 31. The upgrade comes after Western Digital reported a solid June quarter with $2.61 billion in revenue.
About 90% of Western Digital’s revenue comes from cloud customers, and the company stated that its Nearline hard disk drive (HDD) shipments surpassed 170 exabytes in the quarter, up 17% quarter-over-quarter. According to Mizuho, average selling prices rose 7% quarter-over-quarter and are predicted to stay high.
Additionally, Western Digital Corp. (NASDAQ:WDC) states that UltraSMR technology is anticipated to account for over 50% of bits shipped by the end of 2025.
Western Digital Corp. (NASDAQ:WDC) is a well-known manufacturer and developer of data storage solutions and devices. The company’s product lines include external storage systems, NAND flash-based solutions, and hard disk drives (HDDs).
1. Arista Networks Inc. (NYSE:ANET)
Number of Hedge Fund Holders: 81
Arista Networks, Inc. (NYSE:ANET) ranks among the best computer hardware stocks to invest in. Raymond James maintained its Market Perform rating on Arista Networks, Inc. (NYSE:ANET) following the company’s 10-Q filing on August 6. The firm highlighted that Arista’s remaining performance obligations (RPO) and bookings strength were equal to or greater than the revenue and billings indicated in the company’s last earnings statement.
According to Raymond James, Arista’s purchase orders are steady, demonstrating the networking company’s steady demand for its goods and services. Additionally, the firm noted that VeloCloud’s purchase price was less than what market speculation had previously indicated, which might have offered Arista Networks, Inc. (NYSE:ANET) a more advantageous acquisition cost.
Arista Networks, Inc. (NYSE:ANET) is an American computer networking company headquartered in Santa Clara, California. The company specializes in developing and providing multilayer network switches that enable software-defined networking in large-scale data centers, cloud computing, high-performance computing, and high-frequency trading environments.
While we acknowledge the potential of ANET to grow, 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 this cheapest AI stock.
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