In this article, we will take a look at some of the best high-performance computing stocks that appear highly attractive. On April 8, Orion Market Research Pvt Ltd reported that the total value of the global High-Performance Computing (HPC) Memory market reached nearly $6.6 billion in 2025, with projections indicating a valuation of $40.4 billion in 2035 and a compound annual growth rate of 19%.
The fast growth of the segment presents many investment opportunities for the high-performance computing sector. Currently, the main memory manufacturers are Samsung Electronics, SK hynix, and Micron Technology, while the market leaders in the processor segment are Intel Corporation, Advanced Micro Devices, and NVIDIA Corporation.
With the increasing adoption of hyperscale data centers and AI infrastructure, the demand for bandwidth memory is likely to be high. Also, government spending on supercomputer projects and digital infrastructures will further drive this industry and market adoption.
The shift to a computing system built on memory and the use of DDR5, as well as other memory technologies in the future, will guarantee their long-term success. It is necessary for all investors to consider leading HPC companies for their portfolios. All ten companies shown below offer unique advantages in technology, market position, and future growth potential in the HPC space. With that background, let’s explore our top 10 high-performance computing companies to invest in.
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Our Methodology
To identify relevant stocks for this article, we screened for U.S.-listed companies with substantial exposure to high-performance computing. We ensured that the list contains stocks with market capitalizations above $2 billion. Also, we only shortlisted stocks with at least 10% upside potential, according to consensus, as of the April 22 close. Finally, we selected 10 stocks with the highest upside and ranked them in ascending order.
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 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
10. Nebius Group N.V. (NASDAQ:NBIS)
Nebius Group N.V. (NASDAQ:NBIS) is one of the top 10 high-performance computing companies to invest in.
On April 13, BofA analyst Tal Liani increased the price target on Nebius Group N.V. from $150 to $175, while maintaining a Buy rating on the stock. The analyst reflected on the company’s new contracts with CoreWeave, which reinforced his positive view on future demand for AI infrastructure.
Liani also cited the size and form of contracts between hyperscalers and the capacity increase at the new data center facilities in Finland and Alabama. These factors support the company’s position as a key player in the AI infrastructure market, making it one of the top picks within the high-performance computing space.
On April 9, Nebius Group N.V. revealed that the company is currently in active negotiations to acquire the Israeli artificial intelligence organization, AI21 Labs. This possible deal comes right after Nvidia Corp. (NASDAQ:NVDA) withdrew from earlier acquisition talks.
Sources suggest that AI21 Labs is actively seeking an exit. This comes after the company had struggled to achieve commercial success with its language models. However, it was able to create market traction for its specialized artificial intelligence agent management tool called Maestro.
Nebius Group N.V. builds full-stack infrastructure for the global AI industry, which is designed for immense AI workloads. It offers large-scale GPU clusters, cloud platforms, and tools for developers, through its own servers and data architecture. The company also operates other businesses through TripleTen, ClickHouse, Toloka, and Avride brands.
9. CoreWeave Inc. (NASDAQ:CRWV)
CoreWeave Inc. (NASDAQ:CRWV) is one of the top 10 high-performance computing companies to invest in.
On April 16, Brett Knoblauch from Cantor Fitzgerald increased the price target for CoreWeave Inc. from $149 to $156 while reiterating an Overweight rating on the stock. According to the analyst, the company’s recent large-scale contracts with Meta Platforms Inc. (NASDAQ:META) and Anthropic, as well as a huge $6 billion deal with Jane Street, are clear indicators of growing underlying demand.
According to Knoblauch, this sustained momentum will result in a significant increase in operational backlog, with the potential to reach $100 billion by the second quarter of 2026. Additionally, the company still has the structural capacity to actively pursue new mandates regardless of its rapid commercial acceleration.
He believes that the strong operational foundation equips it to broaden its client base, while simultaneously accelerating near-term top-line growth. Such views back our favorable stance around CoreWeave Inc., which appears to be one of the most attractive HPC names out there.
On April 16, CoreWeave Inc. announced that it would offer $1 billion aggregate principal amount of 9.75% senior notes due 2031 in a private placement. The senior notes will be unconditionally and irrevocably guaranteed by certain wholly owned subsidiaries of CoreWeave.
The senior notes offered by the issuer will be offered under the Indenture dated April 14, 2026, whereby the issuance of $1.75 million aggregate principal amount had been completed. The net proceeds from this transaction will be utilized for general corporate purposes and repayment of the outstanding debt obligations, alongside expenses and costs incurred related to the issuance of the notes.
CoreWeave Inc. works as a cloud infrastructure technology company. It offers various services, which include proprietary software and cloud services used for automation, infrastructure control solutions, and data storage. Moreover, it provides model and agent development tools, GPU and CPU compute, virtual and bare metal servers, pixel streaming, batch processing solutions, and more.
8. Core Scientific Inc. (NASDAQ:CORZ)
Core Scientific Inc. (NASDAQ:CORZ) is one of the top 10 high-performance computing companies to invest in.
As of the April 24 closing, the stock has garnered strongly bullish consensus sentiment. It has received Buy ratings from all 11 analysts who cover the stock. Based on a median 1-year target price of $26.48, the stock currently offers almost 27% upside for investors.
What also makes Core Scientific Inc. stand out as an investment prospect within the HPC segment is its commitment to efficient capital raising and deployment. On April 21, the company disclosed that its wholly owned subsidiary, Core Scientific Finance I, would privately offer senior secured notes due 2031, with an aggregate principal amount of $ 3.3 billion. The company is expected to utilize these net proceeds to fund the debt service reserve account, while the excess proceeds will be distributed to Core Scientific.
Core Scientific is also expected to utilize part of the net proceeds for settling its outstanding delayed draw term loans within the 364-day credit facility agreement. These include interest, fees, and expenses related to such delayed draw term loans. The senior secured notes will have a full and unconditional guarantee from Core Scientific Austin, Core Scientific Denton, Core Scientific Dalton, Core Scientific Marble, and Core Scientific Muskogee.
These are the issuer’s only subsidiaries as of the issue date. The senior secured notes and the related guarantees will be subject to priority liens over substantially all assets of the issuer and subsidiary guarantors, except for certain excluded properties, all equity interests in Core Scientific Finance Holding, and certain assets and rights of Core Scientific.
Core Scientific Inc. is a data center operator that leverages high-density computing solutions for AI and high-density workloads. The company uses purpose-built data centers for mining and also hosts services for third-party clients. Originally engaged in Bitcoin mining, it is currently pivoting towards larger AI-based revenue streams such as GPU cloud and colocation services.
7. Oracle Corp. (NYSE:ORCL)
Oracle Corp. (NYSE:ORCL) is one of the top 10 high-performance computing companies to invest in.
On April 24, Wedbush assigned an Outperform rating to Oracle Corp., while setting a price target of $225. The firm believes the company is headed towards being a key infrastructure supplier for the larger AI revolution. According to Wedbush, the company’s aggressive, contract-backed investment cycle is essentially misinterpreted by the broader market as merely speculative risk.
The firm strongly disagrees with this bearish sentiment. The company is currently developing a highly differentiated, next-generation cloud platform by leveraging its deep technological expertise. This specialized operational architecture successfully secures the most demanding artificial intelligence workloads worldwide.
On April 23, Morgan Stanley analyst Keith Weiss reduced the price target on Oracle Corp. from $213 to $207, while maintaining an Equal Weight rating. The analyst reflected on the third fiscal quarter, which displayed improved confidence in demand as well as the company’s execution.
However, Weiss noted that there is some uncertainty around factors such as underlying cost dynamics for GPU-as-a-Service, margin potential from scaling up the operations, and financing. Despite this, the stock offers nearly 41% upside potential based on consensus estimates, supporting our view that it is one of the top names in the HPC market.
Oracle Corp. is a global provider of enterprise information technology solutions. Its Oracle Cloud has an extensive product range, which includes cloud enterprise resource planning, performance management, manufacturing management, and human capital management, to name a few. Additionally, its product portfolio also includes license support services, development tools, industry-specific hardware, and virtualization software.
6. Applied Digital Corp. (NASDAQ:APLD)
Applied Digital Corp. (NASDAQ:APLD) is one of the top 10 high-performance computing companies to invest in.
The company’s recent commercial developments make it a highly compelling investment case. On April 23, Roth Capital analyst Darren Aftahi maintained a Buy rating for Applied Digital Corp.. He increased the price target on the stock from $58 to $65. This upward adjustment came immediately after a major corporate infrastructure announcement.
Aftahi noted that the company obtained a very profitable leasing agreement with a new local hyperscaler for Delta Forge 1, which is its 430 MW AI Factory campus complex. This massive deal has a total contractual value of almost $7.5 billion over an expected 15-year period. He views this catalyst as just the first of several major commercial developments expected to materialize throughout 2026.
This is the second investment-grade tenant in the United States for Applied Digital, increasing the contracted lease revenue to more than $23 billion. More than 50% of the contracted lease revenue is from investment-grade customers. Delta Forge 1 is more than 500 acres, and operations will commence in the middle of 2027.
Applied Digital Corp. is a designer and operator of digital infrastructure solutions for the AI sector and high-performance computing (HPC). Its product offerings include infrastructure services to crypto mining clients, along with GPU computing solutions. Additionally, it is also involved in managing data centers to support HPC applications.
5. Galaxy Digital Inc. (NASDAQ:GLXY)
Galaxy Digital Inc. (NASDAQ:GLXY) is one of the top 10 high-performance computing companies to invest in.
On April 21, Piper Sandler reduced the price target on Galaxy Digital from $42 to $36, while maintaining an Overweight rating on the stock. The firm recognized that the past quarter was a roller-coaster ride for bitcoin miners, marked by market fluctuations and a recent rise in bitcoin’s price.
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At this price level, the main factor for all companies is the sustainability of current mining centers and new electricity agreements to switch to AI computations. Piper has a positive outlook on the sector. The recent rally in the price of Bitcoin is a good signal for buyers before signing any deal.
Back on April 10, Citizens reduced the price target on Galaxy Digital from $60 to $55, and reiterated an Outperform rating on the stock. The firm revised target prices in the capital markets and fintech segment as part of its first-quarter earnings preview.
Managing volatility is the main issue that needs to be addressed in this sector. Capital markets were more favorable in some areas than others, but institutional trading stood out in the quarter. Crypto sentiment will be hurt in the short run, and too much attention is being paid to slowing down and not enough to future policies and business drivers.
Galaxy Digital Inc. is engaged in data center infrastructure and digital asset businesses. It also offers management of investments in digital assets, blockchain-centric technology, bitcoin mining operations, and more. The company is investing heavily to transition into an AI infrastructure and high-performance computing (HPC) solutions provider.
4. IonQ Inc. (NYSE:IONQ)
IonQ Inc. (NYSE:IONQ) is one of the top 10 high-performance computing companies to invest in.
On April 14, IonQ Inc. secured a contract under the Defense Advanced Research Projects Agency’s Heterogeneous Architectures for Quantum Program. IonQ is involved with HARQ because it is at the heart of making next-generation quantum computing networks possible. This creates an appeal for investors who aim to gain exposure to some quality HPC stocks.
Through HARQ, IonQ will help make a new generation of quantum computer networks possible through a hybrid approach whereby multiple different kinds of qubits, including trapped ions, neutral atoms, and superconducting qubits, are made to work together in an integrated network using the strengths of each technology.
This project seeks to push forward developments on photonic integration and quantum interconnects that enable quantum communications among different kinds of qubits. Quantum memory chips play a central role in IonQ’s quantum interconnect projects, which involve making quantum interconnect chips by utilizing quantum-grade artificial diamond.
The memory chips by IonQ dominate in networking technologies, including both large data center-scale connections and sophisticated long-distance entanglement distribution networks. Such chips will prove highly effective for meeting the challenging requirements of HARQ.
IonQ Inc. is a developer of quantum computing systems. It provides access to quantum computers via its own cloud services, along with other cloud platforms like Microsoft’s Azure Quantum and AWS. Its service offerings also include quantum-safe communications, quantum detection systems, maintenance and support services, and co-developing algorithms consulting.
3. Rigetti Computing Inc. (NASDAQ:RGTI)
Rigetti Computing Inc. (NASDAQ:RGTI) is one of the top 10 high-performance computing companies to invest in.
On March 25, Rigetti Computing Inc. announced plans to invest up to $100 million in the United Kingdom. This will be the company’s first big investment outside its home nation. The company plans to install a quantum computer with over 1,000 qubits within the next three to four years.
CEO Dr. Subodh Kulkarni observed that cooperation between industry, government, and academia has proven beneficial. The UK government’s efforts to promote quantum technology are clear through the ecosystem. The emphasis on end-users and on-premises capability makes the UK a leading example.
Secretary for Technology, Liz Kendall, observed that the UK government’s commitment, which is unprecedented globally and comes with a £2 billion plan, has been successful in creating jobs and investments. These are indicative of confidence in the UK approach.
These commitments come with the presence of Rigetti in the UK, deploying a 36-qubit facility in the National Quantum Computing Center. It is aimed at achieving error correction in superconductor quantum computing systems.
Rigetti Computing Inc. creates and operates superconducting quantum processors and quantum computers. Its offerings include a vast range, including quantum processing units, Novera QPU, Cepheus-1-36Q system, Rigetti quantum cloud services, and QCS Outpost. Furthermore, it provides superconducting quantum chips, as well as professional services like algorithm development, benchmarking, quantum application programming, and software development.
2. D-Wave Quantum Inc. (NYSE:QBTS)
D-Wave Quantum Inc. (NYSE:QBTS) is one of the top 10 high-performance computing companies to invest in.
As of the close of play on April 24, the stock carried a strongly bullish consensus sentiment. It received coverage from 14 analysts, 13 of whom assigned Buy ratings and 1 gave a Hold call. With a median 1-year target price of $36.83, it offers a lucrative upside just below 100% at the prevailing level. This supports the argument that it is one of the best high-performance computing stocks to look at.
On April 20, Northland initiated coverage of D-Wave Quantum Inc., assigning a Market Perform rating to the stock. The firm estimated a $22 target price, which results in an upside potential of more than 19% at the current level. It reflected on the broader quantum computing market opportunity, which could range from $100 billion to $250 billion.
Northland also noted the technology risk associated with execution, which appears to be much lower when viewed in terms of the whole industry. Because of this, the firm believes that by investing in all quantum computing companies, the risks are diversified away and result in “asymmetrically positively skewed projected returns.”
D-Wave Quantum Inc. is engaged in developing and selling quantum computing systems, software, and services. It has an extensive product portfolio, which includes Advantage, Advantage 2, an open-source tool suite, and more. It also supplies a combination of quantum and classical computation resources.
1. Fermi Inc. (NASDAQ:FRMI)
Fermi Inc. (NASDAQ:FRMI) is one of the top 10 high-performance computing companies to invest in.
On April 20, Fermi Inc. revealed its strategies and leadership development initiatives as it moves to the next stage in its evolution towards being a mature organization. The company intends to strengthen its ties with its partners in the community and academia, such as the Texas Tech University system.
The lead independent board director of Fermi, Marius Haas, has taken up the position of Chairman of the Board. Toby Neugebauer, one of the founders of the company, has stepped down from his position as CEO, but he continues to be on the Board. The company is undertaking a search for its next CEO in collaboration with the executive search firm, Heidrick and Struggles.
Back on April 9, Cantor Fitzgerald initiated coverage on Fermi Inc., assigning an Overweight rating to the stock. The firm projected an $8 target price, which results in more than 48% upside potential. According to Cantor Fitzgerald, the world is on track for AI proliferation in almost all areas of business, industry, and economy.
Against this backdrop, the firm sees investment in AI infrastructure as a smart move since the investing community is indifferent about which app or model wins out in the AI race. The firm sees an imbalance between supply and demand to last five or more years from now that should keep pricing strong.
Fermi Inc. is a developer of private power campuses for AI-centric clients. It is involved in creating and operating an integrated power generation and computing infrastructure. Additionally, it also engages in the development and renting of grid-independent energy generation and high-performance computing campuses.
