In this article, we will take a look at the 5 Best Tech Stocks to Buy Now for the “Vera Rubin” Chip Cycle. For a deeper discussion and an expanded list, please see 7 Best Tech Stocks to Buy Now for the “Vera Rubin” Chip Cycle.
5. CoreWeave Inc. (NASDAQ:CRWV)
Number of Hedge Fund Holders: 63
CoreWeave Inc. (NASDAQ:CRWV) ranks among the best tech stocks to buy now for the “Vera Rubin” chip cycle. On June 16, Cantor Fitzgerald reiterated its Overweight rating and $167 price target for CoreWeave Inc. (NASDAQ:CRWV). According to the firm, CoreWeave Inc. (NASDAQ:CRWV) included additional information in its bond offering note that equity investors generally disregarded.
According to Cantor Fitzgerald, comparing the bond number to historical reported figures can provide insight into CoreWeave’s intra-quarter performance regarding contract signings and backlog increase. The firm added that CoreWeave Inc. (NASDAQ:CRWV) is expected to considerably exceed consensus backlog forecasts for the second quarter of 2026.
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Meanwhile, on June 2, BNP Paribas began coverage of CoreWeave Inc. (NASDAQ:CRWV), assigning an Outperform rating and a $192 price target on the company’s shares. Analyst Stefan Slowinski described CoreWeave Inc. (NASDAQ:CRWV) as “one of the most strategically important companies within the AI infrastructure ecosystem.”
Although CoreWeave Inc. (NASDAQ:CRWV) isn’t beyond hurdles, BNP Paribas believes there is potential for a ‘catch-up’ trade if management delivers on its development plan.
CoreWeave Inc. (NASDAQ:CRWV) is a software infrastructure company that offers the CoreWeave Cloud platform to deliver the automation & efficiency needed to manage AI infrastructure at scale.
4. Dell Technologies Inc. (NYSE:DELL)
Number of Hedge Fund Holders: 72
Dell Technologies Inc. (NYSE:DELL) ranks among the best tech stocks to buy now for the “Vera Rubin” chip cycle. Following Dell Technologies Inc. (NYSE:DELL)’s first-quarter fiscal 2027 results, Goldman Sachs boosted its price objective for the stock to $500 from $230 with a Buy rating on June 1. The company posted earnings per share of $4.86, above Goldman Sachs’ consensus and company expectations.
Dell’s AI server order book also hit $24 billion in orders, along with a $50.3 billion backlog. The company stated that demand remains ahead of supply, with DRAM, NAND, and CPUs being the key limitations, and that it expects to have a significant backlog by the end of the year.
Furthermore, on the same day, Truist Securities boosted its price objective for Dell Technologies Inc. (NYSE:DELL) to $360 from $170 while retaining a Hold rating on the company’s shares. The firm cited unusually strong demand and constrained supply conditions in its report.
The firm expects potential upside to Dell’s indicated deceleration in second-half sales, as long as the company can generate sufficient supply to fulfill demand. Truist’s fiscal 2027 revenue prediction of $174.3 billion is comparable to Dell’s projection range of $165 billion to $169 billion.
Dell Technologies Inc. (NYSE:DELL) is an American multinational technology company that designs, develops, manufactures, markets, sells, and supports integrated technology solutions, products, and services.
3. Micron Technology Inc. (NASDAQ:MU)
Number of Hedge Fund Holders: 154
Micron Technology Inc. (NASDAQ:MU) ranks among the best tech stocks to buy now for the “Vera Rubin” chip cycle. On June 18, Wedbush increased its price target for Micron Technology Inc. (NASDAQ:MU) to $1,300 from $500, while keeping an Outperform rating on the company’s shares. The firm raised its revenue and earnings per share expectations for the third quarter and subsequent ones.
Wedbush sees strong AI demand persisting until 2027 or 2028, with a low risk of oversupply over the next 18 months. The firm anticipates its projections to rise, and expects new long-term agreements to allow for a longer peak earnings period than in previous cycles.
The same day, Rosenblatt boosted its price objective for Micron Technology Inc. (NASDAQ:MU) to $1,200 while retaining a Buy rating on the stock. The firm highlighted growing demand for DRAM and NAND Flash memory, as well as new wafer supply that is still 12 months away, as grounds for raising predictions driven by rising average selling prices.
The firm also expects potential HBM price hikes, which would close the gross margin gap with DDR5 and enhance corporate gross margin.
Micron Technology Inc. (NASDAQ:MU) provides memory and storage solutions sold into client, cloud server, enterprise, graphics, networking, smartphone, mobile-device, automotive, industrial, and consumer markets, among others.
2. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)
Number of Hedge Fund Holders: 234
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) ranks among the best tech stocks to buy now for the “Vera Rubin” chip cycle. On June 16, Aletheia Capital boosted its price objective for Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) to NT$3,500 from an unknown previous level, keeping a Buy rating on the company’s shares. The firm also raised its forecasts for TSMC’s high-end node capacity growth to 70,000, 150,000, and 170,000 wafers per month in 2026, 2027, and 2028, respectively.
Aletheia Capital predicts that Taiwan Semi’s wafer fabrication equipment expenditure will double year-over-year in the following year, with a double-digit increase projected in 2028. According to the firm, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) will prioritize CoWoS technology during the upcoming 12 months, while SoIC and CoPoS will become increasingly important in the latter half of 2027 and 2028.
The firm added that Taiwan Semi’s revenue and earnings growth should pick up speed in 2028 after a CAGR of more than 30% in 2024–2027, which the market has so far overestimated.
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is a Taiwanese multinational semiconductor contract manufacturing and design company that manufactures, packages, and tests integrated circuits for various industries.
1. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders: 275
NVIDIA Corporation (NASDAQ:NVDA) ranks among the best tech stocks to buy now for the “Vera Rubin” chip cycle. On June 12, NVIDIA Corporation (NASDAQ:NVDA) announced that it had been actively promoting its latest Vera CPU to Chinese cloud and data-center customers, informing them that the chip might be available as early as August and that orders were already being taken.
The sales effort represents a strategic shift for NVIDIA, as US export constraints have essentially kept its high-end GPU portfolio away from the Chinese market. NVIDIA’s market share in China had virtually plummeted to zero, according to CEO Jensen Huang, owing to US export limitations on high-end chips and Beijing’s aim for self-reliance in critical technologies.
CPUs provide NVIDIA Corporation (NASDAQ:NVDA) with a mostly unhindered route back into one of the biggest data-center sectors in the world since they are subject to fewer regulations than the company’s high-end GPU products.
According to Reuters, a leading Chinese cloud provider intends to acquire around 300 servers, each with two Vera CPUs, for preliminary testing before adopting larger-scale installations.
NVIDIA Corporation (NASDAQ:NVDA) is a fabless semiconductor and AI computing company that designs GPUs, AI accelerators, Application Programming Interfaces (APIs), and system-on-a-chip units. Through its CUDA ecosystem, the company enables industries ranging from autonomous vehicles to scientific research by advancing AI, accelerated computing, and data center infrastructure.
While we acknowledge the potential of NVDA 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 NVDA and that has 100x upside potential, check out our report about the cheapest AI stock.
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