Why These 15 Hardware Stocks Are Skyrocketing So Far in 2025

Page 6 of 14

9. Boxlight Corp (NASDAQ:BOXL)

Number of Hedge Fund Holders In Q3 2024: 1

Boxlight Corp (NASDAQ:BOXL) makes teaching products for classrooms.

The stock is up significantly so far this year, especially after Microsoft announced plans to invest approximately $80 billion in AI data centers and cloud-based applications. Despite minimal direct AI exposure, Boxlight is being grouped with small-cap “AI adjacency” plays. Analysts speculate Boxlight could benefit from spillover demand for educational AI tools.

Boxlight also slashed its net loss to $3.1 million in Q3 2024 (versus $17.8 million year-over-year) and achieved its first positive adjusted EBITDA of $2.2 million. Its operating expenses fell and it targets a $12–13 million quarterly run rate by late 2024.

Moreover, Boxlight announced on February 13, 2025, a 1-for-5 reverse split aims to regain Nasdaq compliance.

The consensus price target of $1.75 implies 232.07% upside.

BOXL stock is up 32.47% year-to-date.

Page 6 of 14