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9 top computer hardware stocks to buy in 2023

Ready to invest in the computing industry? Learn how to invest in computer hardware stocks in just a few steps.

The best computer hardware stocks depend on your portfolio and investment goals — while volatility can be ideal for day traders, long-term investors will want to look to stocks with steadier gains over time.

9 computer hardware stocks to buy in 2023

We round up a selection of stocks in or related to the computing industry, weighting the list more heavily towards popular mid- and large-cap US stocks.

  1. Intel Corporation (INTC)
  2. Seagate Technology (STX)
  3. HP (HPQ)
  4. Logitech International (LOGI)
  5. Zebra Technologies Corporation (ZBRA)
  6. Canon Inc ADR (CAJ)
  7. Canaan (CAN)
  8. Fortinet (FTNT)
  9. Apple (AAPL)

Compare premium brokerages that help you research stocks

The computer hardware stocks industry is affected by a range of complex factors such as trade policies, regulations, and fluctuating supply and demand. So when considering computer hardware stocks to buy, it's important that you have access to vital information about a company's financial health, leadership team, and market positioning.

Our picks for brokers with research tools

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How to invest in computer hardware stocks

  1. Choose an online stock trading platform. Choose from our Top Picks above, use our comparison table below or jump straight to the best stock trading apps of 2023.
  2. Sign up for an account. Provide your personal information and sign up.
  3. Set up a funding method to pay for the transaction. Deposit funds into your account by linking your banking information.
  4. Choose the stocks you want to buy. Search for the stock by name or ticker symbol like INTC or STX.
  5. Place your order. Buy the stock. It's that simple.

Take a deeper dive into computer hardware stocks

If you're interested in investing in the computing industry, take a closer look at what companies in this industry do and how the stocks have historically performed. Keep in mind that positive past performance doesn't guarantee that a stock will continue to rise in the future.

1. Intel Corporation (INTC)

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, Accelerated Computing Systems and Graphics, Intel Foundry Services, and Other segments. The company offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and accelerators, boards and systems, connectivity products, and memory and storage products.

Intel Corporation stock opened the day at $44.36 after a previous close of $44.70. The latest price was $43.74 (25-minute delay). Intel Corporation is listed on the NASDAQ, has a trailing 12-month revenue of around USD52.9 billion and employs 120,300 staff.

  • Market capitalization: $185,841,287,168
  • PEG ratio: 12.6852

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2. Seagate Technology (STX)

Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It provides mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives. The company also offers legacy applications comprising Mission Critical HDDs and SSDs; external storage solutions under the Seagate Ultra Touch, One Touch, and Expansion product lines, as well as under the LaCie brand name; desktop drives; notebook drives, DVR HDDs, and gaming SSDs.

Seagate Technology stock opened the day at $78.91 after a previous close of $79.10. The latest price was $79.18 (25-minute delay). Seagate Technology is listed on the NASDAQ, has a trailing 12-month revenue of around USD$6.8 billion and employs 33,400 staff.

  • Market capitalization: $15,914,719,232
  • PEG ratio: 32.5374

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3. HP (HPQ)

HP Inc. provides personal computing and other access devices, imaging and printing products, and related technologies, solutions, and services in the United States and internationally. The company operates through three segments: Personal Systems, Printing, and Corporate Investments.

HP stock opened the day at $29.11 after a previous close of $29.34. The latest price was $29.50 (25-minute delay). HP is listed on the NYSE and has a trailing 12-month revenue of around USD$53.7 billion.

  • Market capitalization: $28,304,023,552
  • P/E ratio: 12.2918
  • PEG ratio: 8.5131

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4. Logitech International (LOGI)

Logitech International S. A. , through its subsidiaries, designs, manufactures, and markets products that connect people to working, creating, gaming, and streaming worldwide. The company offers pointing devices, such as wireless mouse; corded and cordless keyboards, living room keyboards, and keyboard-and-mouse combinations; PC webcams; and keyboards for tablets and smartphones, as well as other accessories for mobile devices.

Logitech International stock opened the day at $86.14 after a previous close of $87.70. The latest price was $87.11 (25-minute delay). Logitech International is listed on the NASDAQ, has a trailing 12-month revenue of around USD$4.3 billion and employs 7,400 staff.

  • Market capitalization: $13,301,470,208
  • P/E ratio: 35.7975
  • PEG ratio: 1.91

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5. Zebra Technologies Corporation (ZBRA)

Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers, which produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers, which produce images which are used for personal identification, access control, and financial transactions; RFID printers that encode data into passive RFID transponders; accessories and options for our printers, including vehicle mounts and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution.

Zebra Technologies Corporation stock opened the day at $235.40 after a previous close of $236.98. The latest price was $241.22 (25-minute delay). Zebra Technologies Corporation is listed on the NASDAQ, has a trailing 12-month revenue of around USD$5.1 billion and employs 10,500 staff.

  • Market capitalization: $11,889,746,944
  • P/E ratio: 25.8371
  • PEG ratio: 1.6328

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6. Canon Inc ADR (CAJ)

Canon Inc. , together with its subsidiaries, manufactures and sells office multifunction devices (MFDs), plain paper copying machines, laser and inkjet printers, cameras, diagnostic equipment, and lithography equipment. The company operates through four segments: Printing Business Unit, Imaging Business Unit, Medical Business Unit, and Industrial and Others Business Unit.

Canon Inc ADR is listed on the NYSE and has a trailing 12-month revenue of around USD$4 trillion.

  • Market capitalization: $21,965,479,936
  • P/E ratio: 12.431
  • PEG ratio: 2.9307

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7. Canaan (CAN)

Canaan Inc. engages in the research, design, and sale of integrated circuit (IC) final mining equipment products by integrating IC products for bitcoin mining and related components in the People's Republic of China. It is also involved in the assembly and distribution of mining equipment and spare parts.

Canaan stock opened the day at $1.55 after a previous close of $1.51. The latest price was $1.59 (25-minute delay). Canaan is listed on the NASDAQ, has a trailing 12-month revenue of around USD$431.8 million and employs 541 staff.

  • Market capitalization: $294,163,680

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8. Fortinet (FTNT)

Fortinet, Inc. provides cybersecurity and networking solutions worldwide. It offers FortiGate hardware and software licenses that provide various security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network, application control, web filtering, anti-spam, and wide area network acceleration.

Fortinet stock opened the day at $52.05 after a previous close of $52.56. The latest price was $52.49 (25-minute delay). Fortinet is listed on the NASDAQ, has a trailing 12-month revenue of around USD$5.2 billion and employs 13,618 staff.

  • Market capitalization: $41,029,431,296
  • P/E ratio: 37.1042
  • PEG ratio: 1.9857

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9. Apple (AAPL)

Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.

Apple stock opened the day at $190.33 after a previous close of $189.95. The latest price was $191.24 (25-minute delay). Apple is listed on the NASDAQ, has a trailing 12-month revenue of around USD$383.3 billion and employs 161,000 staff.

  • Market capitalization: $2,954,565,517,312
  • P/E ratio: 30.9397
  • PEG ratio: 2.7503

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Compare more stock trading platforms to invest in computer hardware stocks

Compare online trading platforms by fees, asset types and bonuses to find the best for your investment in computer hardware stocks.
1 - 6 of 6
Name Product Services offered Plan type Cost
SoFi Invest
Finder Rating: 4.6 / 5: ★★★★★
SoFi Invest
tastytrade
Finder Rating: 4.8 / 5: ★★★★★
tastytrade
Highly commended for Best Derivatives Trading Platform award.
eToro
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EXCLUSIVE
eToro
Not available in NY, NV, MN, TN, and HI.
Public.com
Finder Rating: 4 / 5: ★★★★★
Public.com
2.5% fee applies to all alternative asset transactions.
Robinhood
Finder Rating: 4.2 / 5: ★★★★★
Robinhood
Make unlimited commission-free trades, plus earn 5% interest on uninvested cash in your account with Robinhood Gold. Subscription fees apply.
Wealthfront
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Wealthfront
Automated stock and bond ETF investing with the ability to trade individual stocks for as little as $1 apiece.
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Bottom line

While it’s possible to turn a profit investing in computer hardware stocks, keep in mind that — like any investment — computer hardware stocks are not immune to risk. These stocks are subject to fluctuating conditions — both in the market and in the computing industry, so carefully vet your picks before you invest. And if you’re new to investing, or if it’s been awhile since you’ve taken a critical look at your investing accounts, compare brokers to make sure you’re getting the best features in your trading account.

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Finder is not an adviser or brokerage service. Information on this page is for educational purposes only and not a recommendation to invest with any one company, trade specific stocks or fund specific investments. All editorial opinions are our own.

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