Looking Beyond Semiconductors? These 8 Tech Stocks Offer Up to 60% Upside | Investing.com

• Semiconductor stocks rebounded on Monday after a sharp drop
• However, valuations in the sector remain a cause for concern
• Which other US tech stocks are currently worth investors’ attention?

US semiconductor stocks staged a strong rebound on Monday after one of the sector’s worst weeks of the year.

The biggest gainers among US chipmakers with market values above $10 billion were (+11.2%), (+9.9%), (+9.6%), (+9.3%), (+9.2%), and (+8.6%).

The rally followed a sharp selloff on Friday, when the dropped 4.2%, and the fell 10%, its worst daily decline in more than six years.

Much of Monday’s recovery appeared to be driven by dip-buying after the steep losses, while a modest easing of Middle East tensions also helped improve sentiment. Company-specific developments provided additional support. Marvell gained after its upcoming inclusion in the S&P 500, while Intel continued to benefit from optimism around AI inference opportunities and foundry contracts with major customers, despite ongoing losses in that business.

However, despite the rebound, a key concern remains valuation. According to InvestingPro Fair Value estimates, all six of these semiconductor stocks still appear significantly overvalued.

According to InvestingPro Fair Value estimates, Intel carries downside potential of 44.5%, followed by Astera Labs at 41.3%, Marvell at 38%, KLA Corp at 36.6%, Applied Materials at 34.2%, and Micron at 25.8%.

More broadly, elevated valuations remain a common theme across much of the US semiconductor industry after the sector’s AI-driven rally.

At the same time, other areas of the US technology sector continue to offer a very different setup, with several stocks still trading at meaningful discounts despite strong growth prospects and improving fundamentals. These names may deserve closer attention from investors looking beyond the crowded semiconductor trade.

These Major Tech Stocks Look More Attractive on Valuation

We used the Investing.com screener to identify large-cap US technology stocks that still offer meaningful upside based on both Fair Value estimates and analyst targets, while meeting the following criteria:

• Market capitalization of over $10 billion
• Technology sector
• Upside potential of over 30% according to InvestingPro Fair Value
• Upside potential of over 40% based on the average analyst target
• Stocks covered by at least 15 analysts
• Health score above 2.5/5

This research has allowed us to identify 8 opportunities:

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Specifically, these large-cap US technology stocks are trading at discounts of 35.5% to 60.5% based on Fair Value estimates, while analysts see upside potential ranging from 41% to 69.3%.

Among these stocks are:

• FUTU: Futu Holdings Ltd () operates the Futubull and Moomoo trading platforms, serving more than 30 million users. Unlike many semiconductor stocks trading at elevated valuations, Futu trades at a trailing P/E of about 10.5, well below its historical average. In Q1 2026, revenue rose 24.7% year over year to $746.9 million. While earnings were affected by a regulatory-related provision in China, the company’s growth and valuation continue to attract investor interest.

• LDOS: Leidos Holdings Inc () provides technology, cybersecurity, intelligence, and defense services to the US government. The stock has fallen more than 30% in 2026 despite steady business performance. In Q1 2026, revenue increased 4% year over year to $4.4 billion, while non-GAAP EPS rose 5% to $3.13. The company also raised its full-year outlook, suggesting confidence in continued growth.

However, many other stocks on this list offer more attractive profiles.