12 Best Tech Stocks to Buy for the Next 5 Years

9. Backblaze Inc. (NASDAQ:BLZE)

Number of Hedge Fund Holders: 22

Backblaze Inc. (NASDAQ:BLZE) is one of the best tech stocks to buy for the next 5 years. On June 23, Backblaze entered a $335 million, five-year agreement with CoreWeave (NASDAQ:CRWV) to provide multi-exabyte cloud storage for AI infrastructure. By integrating Backblaze’s cost-efficient HDD-based storage into CoreWeave’s AI Object Storage, the partnership allows data to be tiered more effectively, ensuring high-performance resources remain dedicated to demanding AI workloads.

This collaboration addresses the massive storage requirements of the AI lifecycle, including training, inference, and model outputs. CoreWeave’s existing customers will gain access to these expanded service tiers immediately and without requiring code changes, leveraging Backblaze’s expertise in managing large-scale, reliable storage infrastructure.

The agreement solidifies Backblaze Inc.’s (NASDAQ:BLZE) role as a key storage provider for the AI era and supports CoreWeave’s rapid expansion as an essential cloud platform for AI model developers and research organizations. Both companies aim to remove storage bottlenecks, ensuring that powerful compute resources are fully utilized to meet growing industrial and technical demands.

Backblaze Inc. (NASDAQ:BLZE) is a storage cloud platform that facilitates cloud storage and data backup for individuals and businesses. With an emphasis on high-performance, cost-effective storage, the company delivers its services through web-scale software infrastructure. It offers cloud storage services for public, hybrid, and multi-cloud data storage.