3 Top Tech Stocks That Could Make You a Millionaire

Technology stocks have been and remain the market's top performers, and are likely to continue leading it in the future.

Not all tech stocks offer the same potential upside though. While most of the ones you're familiar with are solid names, only a handful are true millionaire-making prospects. These are companies with competitiveness that's not yet fully realized and therefore not fully reflected in their stock prices.

If you can stomach the risk that all such prospects require, here's a rundown of three technology names with the potential to turn a modest-sized position into a seven-figure sum.

1. Rubrik

There are plenty of cybersecurity stocks to consider. Most of their underlying companies and their solutions, however, were created when the worldwide web was in its infancy. Although still relevant today, many of these outfits are evolving legacy businesses that just weren't built with modern AI-enabled hacking in mind.

Enter Rubrik (NYSE: RBRK).

Founded in 2014 -- when mobile telecom, cloud computing, and remote work were exploding and subsequently opening the door to whole new kinds of cyberattacks -- Rubrik was launched "with a vision to disrupt the backup and recovery space with a new, flexible platform built for cyber." It's the sort of company you'd create if you were building a brand new cybersecurity outfit from scratch today. Data protection, threat analytics, identity security, and perhaps more importantly, cyber recovery are all in its wheelhouse. Although its tech is capable of pre-emptively detecting threats, in the unlikely event of a breach, Rubrik's backup solutions can allow for recoveries of up to 100 times faster than many other recovery options available today. Indeed, for six consecutive years now, IT research and consulting firm Gartner has named Rubrik a leader of the backup and data-protection space.

The company's results confirm its solutions' amazing marketability. Last year's revenue of $1.26 billion was up 53% year over year, with significant revenue growth in the cards for this year as well, largely driven by recurring revenue from subscriptions. Rubrik also expects to swing to a small profit this year, although this is still just the beginning of the organization's journey out of the red and into the black. With artificial intelligence (AI) now being used for nefarious purposes, an outlook from Precedence Research suggests the global cybersecurity business is apt to grow at an average annual rate of nearly 13% through 2034.

That's not enormous growth. Just bear in mind Rubrik will be winning business that more traditional cybersecurity service providers are unable to retain.

2. Nice

Technology company Nice (NASDAQ: NICE) has been around since 1986. Despite its age and subsequent size, however, the opportunity ahead of it may be the best growth opportunity it's ever faced.

Simply put, Nice is leveraging the power of AI to automate customer service functions more traditionally handled by human customer service agents. You may have heard of this capability as "agentic AI."

Image source: Getty Images.

Whatever you call it, it's clearly working well enough. Toyota, Lowe's, and travel-booking website Tripadvisor are all paying customers of its platform. Nice's tech now handles over 20 billion customer interactions per year, generating nearly $3 billion in revenue (up 9% year over year) and $9.67 worth of per-share profit last year. The company is looking for comparable top- and bottom-line progress this year as well; expect to earn something between $10.85 and $11.05 per share. No, that's not massive growth. Just wait. Precedence Research also expects the worldwide agentic AI industry to grow by 44% per year between now and 2034, now that the tech is refined and proven enough to move into the mainstream. Nice's established presence in this business positions it to capture at least its fair share of this growth.

Gartner also rates Nice as a leader of the contact center as a service (CCaaS) industry, by the way, underscoring its ability to deliver what companies are looking for in such a solution.

3. Nebius

Last but not least, add Nebius (NASDAQ: NBIS) to your list of technology stocks that could make you a millionaire.

It's a cloud computing service provider specializing in AI capabilities. (In its own words, it's "the ultimate cloud for AI innovators, built to democratize AI infrastructure and empower builders everywhere.")

Though one of several names in this space, it is something of a standout. Despite plenty of other options available at the time, in September of last year, software giant Microsoft selected then-mostly unproven Nebius to provide it with billions of dollars' worth of access to AI infrastructure for the foreseeable future. The deal didn't just put the young company on the proverbial map. It made a statement underscored by another major AI infrastructure deal inked with Facebook parent Meta in March of this year.

Nebius isn't yet profitable, for the record. In fact, its losses are getting bigger as the company spends like crazy to deliver the services it's agreed to provide to Meta, Microsoft, and others. It's also raising funds by issuing debt that can be converted to shares, both of which work against the value of existing shares. You should also know that NBIS shares are uncomfortably expensive even looking past its continued losses. In fact, the stock is currently trading at more than 80 times trailing per-share revenue versus the S&P 500's overall price-to-sales ratio of less than 4. It's going to take a massive amount of profitable revenue growth to make this stock's present valuation even start making sense.

The thing is, all of these stumbling blocks may be well worth navigating in the long run.

See, plenty of revenue awaits even if the company must spend heavily in the meantime to position itself to book it. Analysts expect top-line growth of more than 500% this year -- to $3.3 billion -- with 200% sales growth projected for next year. And that's still just the beginning. Industry research outfit Precedence expects the global AI infrastructure market to grow at an average annualized pace of 23% through 2034. Just buckle up for a wild ride in the meantime.

James Brumley has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Meta Platforms, Microsoft, Nice, Rubrik, and Tripadvisor. The Motley Fool recommends Gartner and Lowe's Companies. The Motley Fool has a disclosure policy.