11 Best Computer Hardware Stocks to Invest in Right Now

9. Pure Storage, Inc. (NYSE:PSTG)

Number of Hedge Fund Holders: 31

Pure Storage, Inc. (NYSE:PSTG) is one of the best computer hardware stocks to invest in right now. It specializes in flash-based storage solutions that process data faster than normal Solid State Drives, or SSDs, and Hard Drives. Management is focused on developing high-performance storage technologies that support hybrid cloud architectures essential for data-heavy applications such as AI and cloud environments.

Two prominent contributing factors make Pure Storage, Inc. (NYSE:PSTG) an interesting investment opportunity. First is its aim to enter the hyperscaler market. Recently the company achieved a significant milestone by securing its first design win with a top-four hyperscaler. This marked a pivotal moment in its strategy to penetrate the hyperscale market. The hyperscale market currently accounts for 60% to 70% of all hard disk drives purchased globally. Management aims to transform this landscape by providing cost-effective flash storage that enhances power efficiency and reduces physical space requirements in data centers. Moreover, the company also deepened its partnership with Kioxia, a leader in NAND flash technology, to enhance its offerings for hyperscalers.

The second contributing factor to the company’s success is its unique subscription-based model, powered by its Evergreen program that allows customers to pay-as-you-go. It ensures that customers receive regular technology updates without making large up-front payments and also drives a predictable revenue stream for the company. In fact, during the most recent quarter i.e. fiscal third quarter of 2025, Pure Storage, Inc. (NYSE:PSTG) improved its subscription revenue by 22% year-over-year to reach $376.4 million. Its subscription annual recurring revenue was also up 22%, at $1.6 billion. Looking ahead, management is anticipating full-year revenue for fiscal 2025 to be around $3.15 billion, indicating an 11.5% year-over-year growth.