--- title: "3 IoT Stocks That Could Grow Your Wealth" description: "Three IoT stocks that could potentially grow wealth are BlackBerry (BB), Oracle (ORCL), and Super Micro Computer (SMCI). BlackBerry is a leading IoT company that has recently struggled financially. Or" type: "news" locale: "en" url: "https://longbridge.com/en/news/209421582.md" published_at: "2024-07-21T17:00:00.000Z" --- # 3 IoT Stocks That Could Grow Your Wealth > Three IoT stocks that could potentially grow wealth are BlackBerry (BB), Oracle (ORCL), and Super Micro Computer (SMCI). BlackBerry is a leading IoT company that has recently struggled financially. Oracle's IoT Cloud Service is helping boost the company's earning and share price. Super Micro Computer, which makes servers for IoT technology, has seen its stock soar due to demand from AI and IoT applications. The Internet of Things (**IoT**) refers to connected technology and devices that can communication between themselves and the cloud. An example is a smart home device communicating to a home’s thermostat to adjust the temperature. Another could be a stove preheating itself before one arrives home from work. IoT is expected to assist with being more energy efficient, optimizing supply chains and better managing inventory levels. The advent of artificial intelligence (**AI**) is expected to accelerate and advance the adoption of IoT. Could it eventually lead to machines and technology making decisions on their own, independent of human intervention? Time will tell. So, let’s delve into three IoT stocks that could grow your wealth. ## BlackBerry (BB) Source: Poetra.RH / Shutterstock.com It’s considered by many people to be a meme stock, yet its shares are not without risk. However, **BlackBerry** (NYSE:**BB**) remains a leading IoT company. Originally a smartphone maker, BlackBerry has become a cybersecurity and IoT concern over the past 15 years. Until recently, management had been planning to split the cybersecurity and IoT divisions into separate publicly traded companies. That plan was shelved as the company continues to struggle financially. By June’s end, BlackBerry reported a quarterly loss that grew by nearly 300% year-over-year (**YOY**) as the company’s sales deteriorate. Latest results amounted to a 7 cent per share loss, compared to a 2 cent loss the previous year. Revenue totaled $144 million in Q1, down 61% from $373 million a year earlier. Despite poor results, BlackBerry Chief Executive Officer (**CEO**) John Giamatteo said on an earnings call with analysts and media that the company is on a “path to profitability.” Earlier this year, the company eliminated 200 jobs and closed six of its 36 global offices. Giamatteo, who became CEO of BlackBerry last December, said the cuts should deliver $125 million in total cost savings. BB stock has declined 50% in the last 12 months. ## Oracle (ORCL) Source: Jonathan Weiss / Shutterstock.com Technology giant **Oracle** (NYSE:**ORCL**) runs an “Internet of Things Cloud Service” that enables businesses to correlate, aggregate and filter incoming data and make sense of it. This is one of many offerings from Oracle, a diversified tech giant that is mostly focused on software development. Currently, IoT is a small but growing part of Oracle’s business. Yet, it is helping the company’s earning and share price. So far this year, ORCL stock is up 33%. The company’s cloud business recently got a boost from deals inked with Google parent company **Alphabet** (NASDAQ:**GOOG**, NASDAQ:**GOOGL**) and privately held **OpenAI**. Specifically, Oracle is bringing its database to Google’s cloud platform. Going forward, organizations will be able to deploy workloads in Google and Oracle cloud data centers without being subjected to data-transfer charges. Additionally, Oracle is moving its headquarters to Nashville, Tennessee. ORCL stock has risen 140% over the last five years. ## Super Micro Computer (SMCI) Source: rafapress / Shutterstock.com **Super Micro Computer** (NASDAQ:**SMCI**) makes the servers that power IoT technology, and business is booming. Owing to demand from both AI and IoT applications and models, SMCI stock has been on fire over the past year. Year-to-date (**YTD**), Super Micro Computer’s stock has gained 180%, making it the best-performing component of the benchmark **S&P 500** index. On July 22, Super Micro Computer’s stock is being added to the **Nasdaq 100** index, marking another milestone for the fast-growing technology concern. The company’s market capitalization swell to nearly $50 billion was the catalyst to this accomplishment. Inclusion in the Nasdaq 100 should give SMCI stock a boost as mutual funds and exchange-traded funds (**ETF**s) that track the index will be required to buy its shares. *On the date of publication, Joel Baglole held a long position in GOOGL. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.* *On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.* Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia. Artificial Intelligence, Cloud, Software, Technology ### Related Stocks - [ORCL.US - Oracle](https://longbridge.com/en/quote/ORCL.US.md) - [SMCI.US - Super Micro Computer](https://longbridge.com/en/quote/SMCI.US.md) - [BB.US - Blackberry](https://longbridge.com/en/quote/BB.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | 這就是大户們押注甲骨文的內容 | 資金雄厚的投資者對甲骨文（NYSE:ORCL）持樂觀態度，Benzinga 追蹤到 76 個異常期權活動。市場情緒混合，48% 看漲，36% 看跌。重要投資者的目標價格區間為 100 美元至 290 美元。最近的交易量為 7,663,444 | [Link](https://longbridge.com/en/news/276365156.md) | | 甲骨文公司（NYSE 代碼：ORCL）空頭頭寸最新情況 | 甲骨文公司（NYSE:ORCL）在一月份的空頭頭寸顯著增加，至 1 月 30 日上升了 19.5%，達到 34,761,104 股。當前的空頭比例為 1.2 天，賣空股份佔比為 2.0%。該公司的股票交易價格下跌至 153.94 美元，市值 | [Link](https://longbridge.com/en/news/276193115.md) | | SMACT Works, Inc. 被評為 2025 年俄亥俄州和全國最佳和最聰明的工作公司® | SMACT Works, Inc.是一家總部位於都柏林的甲骨文諮詢公司，榮獲 2025 年全國及俄亥俄州最佳僱主公司（Best and Brightest Company to Work For®）稱號。該獎項由全國商業資源協會頒發，旨在表 | [Link](https://longbridge.com/en/news/276345203.md) | | Ingalls & Snyder LLC 出售了 6,891 股 Oracle 公司股票$ORCL | Ingalls & Snyder LLC 在第三季度減少了對甲骨文公司（NYSE:ORCL）12.9% 的持股，出售了 6,891 股，剩餘持有 46,676 股，價值 1,310 萬美元。其他機構投資者，包括挪威銀行和 Jennison | [Link](https://longbridge.com/en/news/276218440.md) | | Summitry LLC 收購了 5,460 股 Oracle 公司 $ORCL 的股票 | Summitry LLC 在第三季度將其在甲骨文公司（NYSE:ORCL）的持股增加了 173.7%，額外購買了 5,460 股，總持股達到 8,604 股，價值 242 萬美元。其他機構投資者也增加了他們的持股。內部人士 Mark Hur | [Link](https://longbridge.com/en/news/276057017.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.