Looking Beyond the Mag 7: These 7 Under-the-Radar Tech Names Offer Big Upside

Market attention turns to tech stocks this week
Nvidia rally has continued as Mag 7 earnings set the tone this week.
However, the best opportunities are likely to be found among lesser-known names; here are seven picks.

stock hit a new record high on April 27, closing at $216.61 after rising 4% during the day. The company is now the most valuable in the world, with a market value above $5 trillion.

The rally came after a strong week for tech stocks. jumped 26% on Friday after much better-than-expected results. At one point, the stock even moved close to its peak levels from the early 2000s.

Nvidia also rose sharply, gaining 5.2% on Friday and crossing the $5 trillion mark for the first time. Other chip companies followed. AMD (NASDAQ:AMD), , , and all posted strong gains during the week.

The broader chip sector has been on a strong run. has risen for 18 straight sessions, a record since it was created, with gains of around 40% during this period.

This rally is being driven by strong demand for AI infrastructure. Chip companies are benefiting the most from this trend. Over the past year, Nvidia’s revenue has grown by about 65%.

NVIDIA Records + Magnificent 7 Earnings: A High-Stakes Week for Tech

This strong market setup comes at an important time, as the coming week could be crucial for the tech sector. , , , and will report earnings on April 29. will report a day later on April 30.

Investors will closely watch these results because of the huge spending on AI. Together, these five companies plan to spend nearly $700 billion in 2026, with about 75% going toward AI infrastructure.

The key question is simple: Will this heavy spending lead to real growth? Expectations are high, and there is little room for disappointment. For the first time since 2022, the so-called Magnificent Seven stocks are underperforming the broader market, with expected earnings growth of around 18% in 2026, the slowest in four years.

Because of this, some investors are looking beyond the biggest names for better opportunities in US tech. To find such stocks, we used the Investing.com screener with specific criteria.

Market capitalization greater than $1 billion
Technology sector (US)
Upside potential of more than 50% according to InvestingPro Fair Value, which synthesizes several recognized valuation models
InvestingPro Health Score greater than 2.5/5
Stocks covered by at least 10 analysts
Upside potential of over 50% based on the average analyst target price

This research identified 7 opportunities:

Specifically, these US tech stocks are undervalued by 52.6% to 81.6% based on Fair Value, while analysts assign them upside potential of +50% to +63.3%.

These US tech stocks look undervalued, trading about 50% to 80% below their estimated fair value. Analysts also see strong upside, with potential gains of around 50% to 63%.Two examples stand out:

1. CTSH: is a large IT and consulting firm that works across industries like finance, healthcare, and retail. It generates over $21 billion in annual revenue and is increasing its focus on AI. By the end of 2025, it had more than 4,000 GenAI client projects and partnerships with companies like Palantir and Google Cloud. For its Q1 2026 results on April 29, analysts expect earnings of about $1.34 per share, up around 9% from last year.

2. QLYS: focuses on cloud security, helping companies detect risks and manage vulnerabilities across their systems. Its platform gives a full view of IT infrastructure, whether on-premise or in the cloud. As cyber threats increase, demand for such tools continues to grow. For Q1 2026 results on April 30, the company expects earnings between $1.76 and $1.83 per share and has raised its full-year outlook.

However, all other stocks on the list show higher upside potential according to Fair Value!

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Disclaimer: This article is written for informational purposes only; it does not constitute a solicitation, offer, advice, counsel or recommendation to invest as such, it is not intended to incentivize the purchase of assets in any way. I would like to remind you that any type of asset is evaluated from multiple perspectives and is highly risky and therefore, any investment decision and the associated risk remain with the investor.