We recently compiled a list of the Why These 15 Hardware Stocks Are Skyrocketing So Far in 2025. In this article, we are going to take a look at where Franklin Wireless Corp. (NASDAQ:FKWL) stands against the other hardware stocks.
The hardware industry is one of the most promising industries you can invest in right now, and there is a good chance that many companies in this sector are going to deliver triple-digit gains this year. You can thank AI for that since it requires significant amounts of hardware and various types of electrical and industrial equipment.
Of course, the hardware industry is beyond just AI-related stocks. PC sales are forecasted to grow by 4% to 273 million units, while smartphone shipments are anticipated to reach 1.24 billion units. Robotics and the semiconductor sector are likely going to grow at double digits annually this decade on top of that.
Methodology
For this article, I screened the top-performing hardware stocks year-to-date. Stocks that I have covered recently will be excluded from this list.
I will also mention the number of hedge fund investors in these stocks. Why are we interested in the stocks that hedge funds invest in? 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 275% since May 2014, beating its benchmark by 150 percentage points. (see more details here).
A 5G antenna farm connected to a network of wireless operators and strategic partners, signifying a global reach.
Franklin Wireless Corp. (NASDAQ:FKWL)
Number of Hedge Fund Holders In Q3 2024: 3
Franklin Wireless Corp. (NASDAQ:FKWL) is an IoT company that provides products for 5G/4G mobile hotspots and other connectivity solutions for telecom and industrial uses.
The stock is up significantly so far this year as a federal jury awarded just $0.99 (yes, less than a dollar) in damages (vs. plaintiffs’ $110 million claim) in shareholder litigation.
In addition, it launched new products and shifted toward subscription-based services for its 100,000+ IoT and mobile subscribers, though financials haven’t been the best. It saw a 27% revenue decline in 2024.
Franklin Wireless Corp. (NASDAQ:FKWL) stock is up 24.08% year-to-date.
Overall FKWL ranks 14th on our list of the hardware stocks that are skyrocketing so far in 2025. While we acknowledge the potential of FKWL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FKWL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
