In this article, we will look at the 10 Best Hardware Stocks To Buy Now.
Are the Tariffs Impacting PC Shipments?
The computer hardware industry comprises personal computers, PC peripherals, storage devices, and servers for the high-growth data center industry. According to a report by The Business Research Company, the computer hardware industry was valued at $714.8 billion in 2024 and is expected to grow at a compound annual growth rate of 6.5% to reach $761 billion by 2025. The market is expected to expand further at a CAGR of 6.3% to reach $972 billion by 2029 eventually. The historic growth factors including the globalization of the supply chain, the rise of the internet, and the revolution in personal computing are still valid. It has been further boosted by the latest trends such as edge and quantum computing, the rise of AI and data centers, and hybrid and multi-cloud environments.
The global PC market is one of the largest components of the hardware industry. According to a January 9 report by IDC, the PC shipments grew 1.8% during Q4 of 2024, with global volumes reaching 68.9 million. Jitesh Ubrani, a research manager at IDC Worldwide Mobile Device Trackers noted that overall the market is experiencing slower growth, however, the fourth quarter was aided by the Chinese government subsidies. The report also pointed out increased concern regarding the increased threats of new tariffs back in January 2025, noting that many brands experienced pull-ins during December as a preventive measure to get ahead of the tariffs.
However, a more recent report published by IDC on April 8, revealed that the PC shipment market remained unaffected by the tariffs as the shipments grew by 4.9% during the first quarter of 2025. Jean Philippe Bouchard, research vice-president with IDC’s Worldwide Mobile Device Trackers noted that these increased shipments were largely a result of the entire ecosystem trying to accelerate the deliveries to avoid the first round of tariffs. He noted that although the market remained largely unaffected by the first round, however, the second round announced on April 2 could lead to an inflationary impact, thereby negatively impacting the shipments in the following quarters.
With that let’s take a look at the 10 best hardware stocks to buy now.
A close-up of a cyber security hardware device used for protection.
Our Methodology
To curate the list of the 10 best hardware stocks to buy now, we used the Finviz stock screener and Insider Monkey’s Q4 2024 hedge funds database. Firstly, we aggregated a list of computer hardware stocks using the screener and sorted the list by market capitalization. Next, we ranked these stocks in ascending order of the number of hedge fund holders.
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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
10 Best Hardware Stocks To Buy Now
10. Logitech International S.A. (NASDAQ:LOGI)
Number of Hedge Fund Holders: 25
Logitech International S.A. (NASDAQ:LOGI) is a Swiss holding company that operates through designing, manufacturing, and marketing computer peripherals and software. Its products and software allow users to enhance their digital experience across diverse domains including gaming, music, video conferencing, and smart homes. The company serves both the individual users and the enterprise market.
During the fiscal third quarter of 2025, Logitech International S.A. (NASDAQ:LOGI) demonstrated strong growth and innovation. It grew its net sales by 6% year-over-year, driven by broad-based growth coming from various products and regions. The Gaming segment was particularly strong with 13% growth nearing pandemic highs. Management noted that growth in the gaming segment was driven by the launch of 16 new products such as the Pro-Line developed with eSports athletes.
Logitech International S.A. (NASDAQ:LOGI) has raised its full-year guidance from $4.39 billion – $4.47 billion to $4.54 billion – $4.57 billion. Management anticipates continuing to grow its sales through new products and innovation in AI. It is one of the best hardware stocks to buy now.
9. IonQ, Inc. (NYSE:IONQ)
Number of Hedge Fund Holders: 28
IonQ, Inc. (NYSE:IONQ) is a leading quantum computing company that designs and provides high-performance quantum computing systems. Its leading products include IonQ Forte and IonQ Fore Enterprise, which has 36 algorithmic qubits. The company’s key offerings include quantum hardware, cloud-based quantum computers, quantum networking, and algorithmic qubits.
On March 31, David Williams, an analyst from Benchmark Co., maintained the Buy rating on the stock with a price target of $45. David highlighted that IonQ, Inc. (NYSE:IONQ) has undergone significant strategic transformation including the transition of CEO, which he believes is anticipated to bring fresh leadership direction. Moreover, the analyst also pointed out the acquisition of ID Quantique which he believes will enhance the company’s technological capabilities and market reach.
In addition, Wasatch Long/Short Alpha Fund mentioned IonQ, Inc. (NYSE:IONQ) in its Q4 2024 investor letter. Although the fund continues to hold a short position in the stock, it noted that the stock rose with Google unveiling its new quantum chip. This news has brought the quantum sector under investor highlight and IonQ, Inc. (NYSE:IONQ) being one of the key players is likely to benefit from it. It is one of the best hardware stocks to buy now.
Wasatch Long/Short Alpha Fund stated the following regarding IonQ, Inc. (NYSE:IONQ) in its Q4 2024 investor letter:
“Among shorts, detractors are those stocks that rose in price. One of the largest among this group was IonQ, Inc. (NYSE:IONQ), a quantum computing company. IonQ announced a new contract win during the period. But the stock’s rise was likely due more to news that Google had unveiled a new quantum chip that drastically reduces computation times. This news heightened investor enthusiasm for the field of quantum computing. However, we believe enthusiasm surrounding the company is out of touch with the company’s fundamentals, and we continue to hold a short position in the stock.”
