In this article, we will list the 5 Best Tech Stocks with Huge Upside Potential. Please visit 15 Best Tech Stocks with Huge Upside Potential if you would like to see the extended list and the methodology behind it.
5. Canaan Inc. (NASDAQ:CAN)
On May 20, 2026, Rosenblatt lowered the firm’s price target on Canaan Inc. (NASDAQ:CAN) to $1.30 from $2.25 and maintained a Buy rating on the shares after the Q1 report. Rosenblatt said Canaan is “persevering” through declining bitcoin prices and rising energy costs. The firm also said the company is making strategic moves to become a more vertically integrated bitcoin miner while diversifying into home markets and cutting costs.
On May 19, 2026, Canaan Inc. (NASDAQ:CAN) announced that it was selected to support a district heating network in the Nordic region. The heating solution, developed with a Nordic heating provider, uses Canaan’s Avalon A1566HA series hydro-cooled units with a combined capacity of approximately 8 MW. The units are designed to deliver thermal output directly into local heating networks and will replace the customer’s traditional heating solutions.
On May 14, 2026, Canaan Inc. (NASDAQ:CAN) released its unaudited bitcoin mining update for April 2026. The company reported record cryptocurrency holdings of 1,826 BTC and 3,952 ETH. Installed hashrate grew 34.6% year-over-year to 10.97 EH/s, excluding hashrate from JV. CEO Nangeng Zhang said April was a “constructive reset” for Canaan, with 90 BTC delivered from self-mining operations and another 3 BTC received from customer payments.
Canaan Inc. (NASDAQ:CAN) researches, develops, designs, and sells integrated circuits, bitcoin mining equipment, and related components.
4. Tigo Energy, Inc. (NASDAQ:TYGO)
On May 18, 2026, Tigo Energy, Inc. (NASDAQ:TYGO) announced the initial delivery of Designed and Assembled in USA module-level power electronics to EG4 Electronics. The shipment, under an agreement first announced at the RE+ tradeshow in 2025, includes Tigo custom 650W optimizers assembled at SVI in Vancouver, Washington, Cloud Connect Advanced data-logging devices, and Tigo Access Point units. EG4 will integrate Tigo CCA devices into EG4 inverters during manufacturing at its Commerce, Texas facility, then bundle complete systems with Tigo optimizers and TAPs for distribution to installers nationwide.
On May 7, 2026, Northland raised the firm’s price target on Tigo Energy, Inc. (NASDAQ:TYGO) to $6.40 from $5.50 and maintained an Outperform rating on the shares as it rolled forward its valuation to calendar 2027 estimates. Roth Capital also raised the firm’s price target on Tigo Energy to $7 from $5 and maintained a Buy rating. Roth cited a healthy Q1, maintained 2026 guidance, solid execution in Europe, and the ramp-up of Tigo’s domestic content collaboration with EG4.
Earlier in May, Tigo Energy, Inc. (NASDAQ:TYGO) reported Q1 EPS of (2c), compared to the consensus estimate of (4c). Revenue totaled $25.2M, below the consensus estimate of $25.76M. Chairman and CEO Zvi Alon said Tigo delivered a “strong start” to the year, with first-quarter revenue up 33.7% year-over-year despite typical weather-related seasonality in its end markets.
Tigo Energy, Inc. (NASDAQ:TYGO) provides solar and energy storage solutions worldwide.
3. Veritone, Inc. (NASDAQ:VERI)
On June 2, 2026, Veritone, Inc. (NASDAQ:VERI) announced a new grant assistance program with Police1, an online law enforcement resource and training portal owned by Lexipol. The program is aimed at helping law enforcement agencies, police departments, and public safety organizations navigate the grants process for advanced investigation technology. Jon Gacek, General Manager of Veritone Public Sector, said securing budget remains “a significant hurdle” for many departments.
On June 1, 2026, UBS assumed coverage of Veritone, Inc. (NASDAQ:VERI) with a Neutral rating and a $2.50 price target, down from $6. UBS described Veritone as an AI software provider that helps organizations extract intelligence and value from unstructured data. The firm said it wants to monitor the company’s path to profitability, given the difficulty of forecasting the timing of Veritone Data Refinery deals.
Last month, Veritone, Inc. (NASDAQ:VERI) reported Q1 revenue of $20.3M, versus estimates of $25.54M. Adjusted net income was ($11.9M), up 6.8% year-over-year. President and CEO Ryan Steelberg said the company accelerated commercialization of Veritone Data Refinery, expanded public sector adoption, and strengthened its AI platform. Steelberg also cited restructuring and AI initiatives that support Veritone’s forecasted operating profitability as early as Q4 2026.
Veritone, Inc. (NASDAQ:VERI) provides artificial intelligence computing solutions and services across the United States, the United Kingdom, France, Australia, Israel, and India.
2. ZoomInfo Technologies Inc. (NASDAQ:GTM)
On June 2, 2026, ZoomInfo Technologies Inc. (NASDAQ:GTM) said OpenAI announced the native availability of ZoomInfo inside OpenAI Codex for Work as a business-to-business data and go-to-market intelligence app. ZoomInfo said OpenAI selected the company to bring go-to-market data into Codex, allowing teams to add ZoomInfo and run its skills in natural language. The company said the ZoomInfo app brings verified company intelligence, contacts, and go-to-market signals into where Codex users already work.
On May 19, 2026, Morgan Stanley analyst Elizabeth Porter lowered the firm’s price target on ZoomInfo Technologies Inc. (NASDAQ:GTM) to $5 from $9 and maintained an Equal Weight rating on the shares. Porter cited lower free cash flow estimates and a lower multiple, reflecting the FY26 revenue guide cut, negative near-term RPO and billings expectations, softer upmarket expansion signals, and the seat-to-consumption transition.
On May 12, JPMorgan lowered the firm’s price target on ZoomInfo Technologies Inc. (NASDAQ:GTM) to $11 from $12 and maintained an Overweight rating, saying the company cut its fiscal 2026 outlook well below consensus.
On May 11, 2026, ZoomInfo Technologies Inc. (NASDAQ:GTM) reported Q1 adjusted EPS of 28c, ahead of the consensus estimate of 26c. Revenue totaled $310.2M, above the consensus estimate of $307.95M. Founder and CEO Henry Schuck said ZoomInfo data and go-to-market context are a “competitive advantage” in an AI-driven environment, while noting that the company is expanding where and how customers access its data.
ZoomInfo Technologies Inc. (NASDAQ:GTM) provides a go-to-market intelligence and engagement platform for sales, marketing, operations, and recruiting professionals in the United States and internationally.
1. GCT Semiconductor Holding, Inc. (NYSE:GCTS)
On May 27, 2026, GCT Semiconductor Holding, Inc. (NYSE:GCTS) and MaxLinear (MXL) announced a strategic partnership to develop integrated 5G fixed wireless access gateways and converged gateways for consumer and enterprise applications. The companies will demonstrate the integrated solutions at Computex Taipei from June 2-5. The partnership combines MaxLinear’s Wi-Fi and network processing with GCT’s 5G and LTE cellular technologies, using AnyWAN integration to support migration across multiple WAN technologies.
Earlier in May, GCT Semiconductor Holding, Inc. (NYSE:GCTS) announced a reference platform agreement with one of the world’s largest satellite communications providers, supplementing a 5G/4G chipset licensing agreement signed in January. Under the new agreement, GCT will provide a reference design built around its 5G and 4G chipsets to help develop next-generation user equipment for high-bandwidth communications across satellite and terrestrial networks.
On May 12, 2026, GCT Semiconductor Holding, Inc. (NYSE:GCTS) reported Q1 revenue of $1.9M, above the consensus estimate of $1.8M. The company said it continues to expect sequential quarterly growth in 5G shipments throughout 2026. CEO John Schlaefer said Q1 results showed a new phase of “increasing customer shipments,” with 5G chipset shipments rising 58% sequentially as customers moved from evaluation to early deployment.
GCT Semiconductor Holding, Inc. (NYSE:GCTS) designs, manufactures, and sells communication semiconductors for industrial, business-to-business, and consumer applications.
While we acknowledge the potential of GCTS 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 GCTS and that has 100x upside potential, check out our report about the cheapest AI stock.
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