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Top 20 Mid-Cap Tech Companies in the US

In this article, we will list the top 20 mid-cap tech companies in the US. If you want to skip our discussion about the tech industry, visit the Top 7 Mid-Cap Tech Companies in the US

The worldwide expenditure on technology is projected to reach $11.47 trillion by 2026. This depicts an expected 7.75% compound annual growth rate (CAGR) over five years starting in 2022 when the yearly spending on technology was $8,51 trillion. 

Although the tech industry faced some challenges in 2023, it forged forward and came out strong. The year was also marked by considerable anticipation regarding the capabilities of artificial intelligence (AI). However, in the year 2024, companies are looking to prioritize AI in their strategies to surpass competitors. 

This is the year of AI deals and partnerships which could shape the future. It is already being reported that Apple, Inc. (NASDAQ:AAPL) is in talks with Alphabet, Inc. (NASDAQ:GOOG) for Gemini-powered features on iPhones. Gemini is a generative artificial intelligence chatbot developed by Google. 

Moving forward, spending on software and IT services backed by cloud computing and cyber security is expected to dominate the market. Tech companies will continue to experiment with different AI-related applications. In a survey by Deloitte, 52% of tech leaders stated that AI will be the primary technology in 2024. At 47%, an overwhelming proportion of tech leaders also vouched for could computing. In addition, 27% of the respondents were confident that AI will be a game changer for companies in 2024. 

The United States is at the forefront of global technology and innovation. It sets the pace for advancements in various sectors. The country also has a whopping 36% share of the global information and communication technology (ICT) sector. In addition, the Consumer Technology Association anticipates that retail revenues for the US consumer technology industry will increase by 2.8% in 2024, reaching $512 billion. 

While the year 2023 came with challenges for the tech sector, there were big gains for leading tech stocks like Microsoft Corporation (NASDAQ:MSFT) and Meta Platforms, Inc. (NASDAQ:META), fueled by the AI boom. Analysts believe that tech companies are just getting started with AI innovation. A new era of gains that started with the launch of ChatGPT and generative AI in late 2022 will continue to reap positive results for the tech sector way beyond 2024.

AI is also helping small and mid-cap tech companies make their mark by disrupting larger companies. Theia Insights is one of the examples of small companies with the potential to disrupt entire industries with the help of AI. The company claims that it can distill vast amounts of information through AI, and help investors make better decisions. Theia Insights recently also raised $6.5 million. 

Another AI-related trend in the tech industry is forming partnerships, both within and outside the sector. We have already seen how Apple, Inc. (NASDAQ:AAPL) and Alphabet, Inc. (NASDAQ:GOOG) are reported to be in negotiation to integrate generative AI in iPhones. Interestingly, Apple, Inc. (NASDAQ:AAPL)’s shares went up by 4% following these reports. 

AI is also compelling tech companies such as Microsoft Corporation (NASDAQ:MSFT) to partner outside their industry, particularly in the form of vendor and end-user industries collaboration. Microsoft Corporation (NASDAQ:MSFT) collaborated with LV Prasad Eye Institute in Hyderabad, India, to incorporate machine learning and bring data-driven eye care services to India. 

Methodology 

To curate our list of the top 20 mid-cap tech companies in the US, we first proceeded to define Mid-Cap. For our list, we only selected companies with a market capitalization between $10 billion and $20 billion. Then, we sorted the companies based on their market capitalization and selected the top 20. 

Let’s now look at our list of the top 20 mid-cap tech companies in the US

By the way, Insider Monkey is an investing website that tracks the movements of corporate insiders and hedge funds. By using a similar consensus approach we identify the best stock picks of more than 900 hedge funds investing in US stocks. The top 10 consensus stock picks of hedge funds outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here). Whether you are a beginner investor or a professional looking for the best stocks to buy you can benefit from the wisdom of hedge funds and corporate insiders.

20 – Dynatrace, Inc. (NYSE:DT)

Market Capitalization – $13.71B

Headquartered in Waltham, Massachusets, Dynatrace Dynatrace, Inc. (NYSE:DT) specializes in observability and application. The company offers a range of services and products, including AI-driven observability solutions. One of the proprietary solutions of the company includes Davis, an AI engine that combines various AI techniques for automatic root-cause fault-tree analysis, predictive analytics, and generative AI. Dynatrace, Inc. (NYSE:DT) has also partnered with major service providers like Amazon Web Services, Microsoft Azure, and Google Cloud Platform to provide multicloud observability for SAAS and managed service deployment models.

19 – Gen Digital, Inc. (NASDAQ:GEN)

Market Capitalization – $14.07B

Gen Digital, Inc. is 19th on our list of the top 20 mid-cap companies in the US. The company focuses on providing technology solutions for the digital life. Gen Digital, Inc. (NASDAQ:GEN)’s main products are focused on cyber security and digital safety, designed to safeguard individuals and families from digital threats, emphasizing the importance of cybersecurity in the modern digital landscape. 

18 – Zebra Technologies Corporation (NASDAQ:ZBRA)

Market Capitalization – $14.97B

Zebra Technologies Corporation (NASDAQ:ZBRA) is one of the top 20 mid-cap tech companies in the US. It specializes in mobile computing, marking, tracking, and computer printing technologies. Zebra Technologies Corporation (NASDAQ:ZBRA) is headquartered in Lincolnshire, Illinois. It offers a wide range of products, including RFID printers/encoders, barcode printers, and mobile printers. 

17 – Manhattan Associates, Inc. (NASDAQ:MANH)

Market Capitalization – $15.41B

Manhattan Associates, Inc. (NASDAQ:MANH) is 17th on our list of the top 20 mid-cap tech companies in the US. It specializes in providing supply chain commerce solutions. The company has a reputation for developing technology solutions that address complex business challenges in the supply chain. Manhattan Associates, Inc. (NASDAQ:MANH) offers a suite of software solutions designed to manage supply chains, inventory, and omnichannel operations for a diverse range of industries. 

16 – Enphase Energy, Inc. (NASDAQ:ENPH)

Market Capitalization – $15.44B

Headquartered in Fremont, California, Enphase Energy, Inc. (NASDAQ:ENPH) is an American technology company that develops and manufactures solar microinverters, battery energy storage solutions, and EV charging stations. Its innovative micro-inverter technology converts direct current power generated by solar panels into alternating current, which is compatible with the grid. Enphase Energy, Inc. (NASDAQ:ENPH) has experienced significant growth and success over the years. 

15 – EPAM Systems, Inc. (NYSE:EPAM)

Market Capitalization – $15.55B

EPAM Systems, Inc. (NYSE:EPAM) is 15th on our list of the top 20 mid-cap tech companies in the US. It specializes in software engineering services, digital platform engineering, and digital product design. EPAM Systems, Inc. (NYSE:EPAM) has a significant focus on innovation and growth over the years. It has expanded its services through strategic acquisitions and partnerships. 

14 – Nutanix, Inc. (NASDAQ:NTNX)

Market Capitalization – $15.66B

Founded in 2009 and headquartered in San Jose, California, Nutanix, Inc. (NASDAQ:NTNX) is a leading company in multicloud computing solutions. Its products and services enable organizations to manage and optimize their cloud infrastructure. Nutanix, Inc. (NASDAQ:NTNX) has experienced significant growth and success in the industry with its enterprise operating system. 

13 – SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Market Capitalization – $15.77B

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) is 13th on our list of the top 20 mid-cap tech companies in the US. The company offers a range of services in the fintech sector. SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) caters to various industries, including asset management. 

12 – Trimble, Inc. (NASDAQ:TRMB)

Market Capitalization – $15.77B

Trimble, Inc. (NASDAQ: TRMB) is a technology company with a focus on delivering solutions to enable customers to work in new ways, enhancing productivity, quality, safety, transparency, and sustainability. Its core technologies include physical modeling, connectivity, and data analytics. Trimble, Inc. (NASDAQ:TRMB) offers a diverse range of products and services to access industries including construction, agriculture, and transportation. 

11 – Robinhood Markets, Inc. (NASDAQ:HOOD )

Market Capitalization – $16B

Robinhood Markets, Inc. (NASDAQ:HOOD ) is 11th on our list of the top 20 mid-cap tech companies in the US. It is a financial services platform that offers brokerage and cash management applications. Robinhood Markets, Inc. (NASDAQ:HOOD ) is headquartered in Menlo Park, California, and serves clients across the United States.

10 – Pure Storage, Inc. (NYSE:PSTG)

Market Capitalization – $16.5B

Pure Storage, Inc. (NYSE:PSTG) is among the top 10 mid-cap tech companies in the US. The company specializes in delivering advanced data storage and services. It offers a range of solutions designed to ease data storage and make it faster. Some of the products by Pure Storage, Inc. (NYSE:PSTG) include software-defined storage, cloud data services, and solutions for artificial intelligence (AI) workloads. 

9 – Akamai Technologies, Inc. (NASDAQ:AKAM)

Market Capitalization – $16.51B

Akamai Technologies, Inc. (NASDAQ:AKAM) specializes in providing cloud services for online content and business applications. Its expertise includes delivering, optimizing, and securing online content and business applications. Akamai Technologies, Inc. (NASDAQ:AKAM) also offers a range of products that include security solutions, media delivery services, and operator tools. 

8 – Skyworks Solutions, Inc. (NASDAQ:SWKS)

Market Capitalization – $16.91B

Skyworks Solutions, Inc. (NASDAQ:SWKS) is 8th on our list of the top 20 mid-cap tech companies in the US. It is an American semiconductor company that specializes in designing and manufacturing high-performance analog and mixed-signal semiconductor solutions. Skyworks Solutions, Inc. (NASDAQ:SWKS) products are used in electronic devices like smartphones, tablets, and smart home devices. 

Click to continue reading and see the Top 7 Mid-Cap Tech Companies in the US.

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Disclosure: none. Top 20 Mid-Cap Tech Companies in the US is originally published on Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

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Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

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One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

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Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

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The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

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And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

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This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

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Here’s what to do next:

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