In this article, we will take a look at the 10 Best Fast Growth Stocks to Buy Now.
The ongoing bull run on Wall Street propelled global share markets to a new high on September 18, while the U.S. currency strengthened vs major peers on reports that fewer Americans applied for jobless benefits. On September 17, the Fed lowered interest rates by 25 basis points while its closely followed “dot plot” indicated that it would lower rates twice during the remaining two meetings this year, but only once more in 2026.
Speaking on the rate cuts, Sam Stovall, chief investment strategist at CFRA Research, said the following:
“We are looking for support for economic growth and justification of stretched valuations, and the prospect of lower interest rates helps that.”
Meanwhile, Fawad Razaqzada of City Index and Forex.com states that investors are eager to purchase on every downturn, owing to the enthusiasm generated by AI and repeatedly positive earnings reports from leading tech companies. However, there is concern that once acceleration in the IT sector slows, the remainder of the market would struggle to maintain current valuation levels.
He emphasized that a more cautious approach to future prospects for S&P 500 companies is necessary given that this would make the current advance vulnerable when investor confidence falters.
Our Methodology
For this list, we utilized screeners to identify stocks with a quarterly revenue growth rate of at least 25%, thus indicating solid growth. In addition, we ranked these stocks based on the number of hedge funds invested in each of them, shedding light on growth stocks favored by market elites.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
10. AeroVironment, Inc. (NASDAQ:AVAV)
Quarterly Revenue Growth: 139.96%
Number of Hedge Fund Holders: 31
AeroVironment, Inc. (NASDAQ:AVAV) ranks among the best fast growth stocks to buy now. Following the company’s first-quarter results, which revealed better-than-expected sales growth, Stifel maintained its Buy rating and $295 price target on AeroVironment, Inc. (NASDAQ:AVAV) on September 10.
The drone manufacturer reiterated its fiscal year projection for both sales and EBITDA and recorded a 16% organic sales growth in the quarter, exceeding the expectations of the market. Moreover, Stifel does not consider AeroVironment’s continued delay in turning its $3.1 billion unpaid backlog into funded contracts to be a serious concern.
Considering that AeroVironment, Inc. (NASDAQ:AVAV) is now pursuing more than 20 separate programs with potential worth surpassing $20 billion over the next five years, Stifel expects funding will eventually follow government priorities and the spike in backlog.
AeroVironment, Inc. (NASDAQ:AVAV) is a company that designs, develops, manufactures, delivers, and supports a range of robotic systems and associated services for businesses and government organizations both domestically and abroad.
9. Nebius Group (NASDAQ:NBIS)
Quarterly Revenue Growth: 322.09%
Number of Hedge Fund Holders: 45
Nebius Group (NASDAQ:NBIS) ranks among the best fast growth stocks to buy now. Following Nebius Group (NASDAQ:NBIS) securing its first hyperscaler deal with Microsoft, worth up to $19.4 billion over five years, BWS Financial maintained its Buy rating and raised its price target on the company’s shares from $90 to $130 on September 9.
The Microsoft agreement, which would see the tech giant use almost all of NBIS’s New Jersey facility, is a major turning point for Nebius Group (NASDAQ:NBIS), according to BWS Financial.
The firm stated that once Nebius Group (NASDAQ:NBIS) grows to new sites across the US, this deal might open the door for other hyperscalers to consider the company as a potential collaborator.
Nebius Group (NASDAQ:NBIS) is a technology company that develops full-stack infrastructure for the global AI market in the Netherlands, Europe, North America, and Israel.
8. Amcor plc (NYSE:AMCR)
Quarterly Revenue Growth: 43.73%
Number of Hedge Fund Holders: 47
Amcor plc (NYSE:AMCR) ranks among the best fast growth stocks to buy now. With a price target of $11.67, Jefferies reiterated its Buy rating on Amcor plc (NYSE:AMCR) on September 10. According to the firm, Amcor’s primary categories climbed by low single digits, despite the fact that attitude toward the packaging company has been strained by lower volumes in North America.
According to Jefferies, Amcor plc (NYSE:AMCR) could raise volumes and margins by 100 basis points as it sells off non-core businesses. Additionally the firm stated that Amcor’s synergies should aid the company in navigating the current market climate.
Amcor plc (NYSE:AMCR) is a holding company that offers consumer packing services. Its operations comprise of the Flexibles and Rigid Packaging segments. Rigid Packaging produces rigid plastic containers and other items for worldwide distribution, whereas Flexibles oversees the creation and distribution of flexible packaging.
7. DraftKings Inc. (NASDAQ:DKNG)
Quarterly Revenue Growth: 36.95%
Number of Hedge Fund Holders: 66
DraftKings Inc. (NASDAQ:DKNG) ranks among the best fast growth stocks to buy now. On September 15, Benchmark reaffirmed its Buy rating and $53 price target for DraftKings Inc. (NASDAQ:DKNG) following the company’s NFL Week 1 results in New York, which exhibited significant handle growth.
The firm highlighted that substantial margin compression across the market was caused by bettor-friendly NFL outcomes such as favorites covering and overs hitting, as well as excellent results on popular props and parlays.
Although the NFL kickoff’s intense promotion increased handling, it had had an adverse effect on profitability. According to Benchmark, DraftKings Inc. (NASDAQ:DKNG) mainly relied on promotions to increase volume and engagement. Although this marketing approach helped DraftKings surpass the market in terms of growth, it ultimately resulted in a decrease in its net revenue margin.
DraftKings Inc. (NASDAQ:DKNG) is a digital sports entertainment and gaming company that offers sports betting, digital lottery courier, daily fantasy sports, and other products. Additionally, it offers online casino games, including roulette, slot machines, blackjack, and baccarat.
6. Cameco Corporation (NYSE:CCJ)
Quarterly Revenue Growth: 44.89%
Number of Hedge Fund Holders: 77
Cameco Corporation (NYSE:CCJ) ranks among the best fast growth stocks to buy now. On September 9, CLSA initiated an Outperform rating on Cameco Corporation (NYSE:CCJ), with a price target of $102. CLSA identified growing demand for nuclear energy as a major tailwind for the uranium producer, given that nuclear reactors can run for up to a century and directly contribute to Cameco’s profit margins.
CLSA also praised Cameco’s solid environmental, social, and governance (ESG) performance, citing the company’s “holistic corporate actions.”
The firm noted that there were possible threats to its optimistic outlook, such as the potential for a nuclear accident that would impact the entire industry, operational difficulties unique to Cameco Corporation (NYSE:CCJ), and geopolitical concerns.
Cameco Corporation (NYSE:CCJ) focuses on the exploration, mining, refining, conversion, and manufacture of uranium concentrate, supplying the global nuclear energy industry through its Uranium and Fuel Services divisions.
5. Arista Networks, Inc. (NYSE:ANET)
Quarterly Revenue Growth: 30.43%
Number of Hedge Fund Holders: 81
Arista Networks, Inc. (NYSE:ANET) ranks among the best fast growth stocks to buy now. UBS reaffirmed its Buy rating and price target of $155 on Arista Networks, Inc. (NYSE:ANET) shares on September 15, citing the company’s optimistic forecast for 2026. Despite aspects that likely remain conservative across both revenue and margins, the firm pointed out that Arista Networks, Inc. (NYSE:ANET) offered a CY26 and multi-year outlook that investors should find encouraging.
UBS pointed out that Meta, Microsoft, and Oracle’s investments in AI infrastructure and their conventional capital expenditure plans for data centers support Arista’s initial CY26 revenue projection of 20% spike. The revenue forecast is significantly higher than Arista’s usual guidance range of mid- to high teens percentage growth.
Arista Networks, Inc. (NYSE:ANET) is an American computer networking company headquartered in Santa Clara, California. The company specializes in developing and providing multilayer network switches that enable software-defined networking in large-scale data centers, cloud computing, high-performance computing, and high-frequency trading environments.
4. Lam Research Corporation (NASDAQ:LRCX)
Quarterly Revenue Growth: 33.58%
Number of Hedge Fund Holders: 85
Lam Research Corporation (NASDAQ:LRCX) ranks among the best fast growth stocks to buy now. Lam Research Corporation (NASDAQ:LRCX) maintained its Buy rating at Stifel on September 9 as the firm issued an updated report on the Americas Semiconductors, Processors, and Components sector.
Stifel noted that hyperscaler estimates are improving, which may improve Lam Research’s position in the memory industry. The firm particularly added that “increased eSSD appetite/outlook should accelerate upgrade to QLC/higher-layer count NAND, which is right in Lam’s wheelhouse.”
When it comes to recent export control worries, Stifel predicted that they would have little immediate impact on memory supply conditions, despite expectations that supplies might tighten due to Korean companies’ NAND and DRAM operations in China.
Lam Research Corporation (NASDAQ:LRCX) is a leading technology company that specializes in semiconductor manufacturing equipment and services, which provide the foundation for powering artificial intelligence.
3. Micron Technology, Inc. (NASDAQ:MU)
Quarterly Revenue Growth: 36.56%
Number of Hedge Fund Holders: 94
Micron Technology, Inc. (NASDAQ:MU) ranks among the best fast growth stocks to buy now. In anticipation of Micron Technology, Inc. (NASDAQ:MU)’s upcoming earnings report, Deutsche Bank maintained its Buy rating on the company on September 15 and boosted its price target from $155 to $175.
The bank expects DRAM supply to remain constrained until 2026, with High Bandwidth Memory (HBM) taking a significant share of bit capacity at a 3:1 trading ratio that continues to expand. This supply restriction is projected to end up in strong average selling price inflation and increased gross margins, with Deutsche Bank predicting an obvious path to margins exceeding 50%.
The firm also upgraded Micron’s 2026 revenue estimate by 3% to $54.3 billion and EPS forecast by 6% from $14.55 to $15.45, while keeping a price target of about 11 times price-to-earnings ratio.
Micron Technology, Inc. (NASDAQ:MU) is a leading manufacturer of solid-state drives (SSDs), flash memory, and dynamic random-access memory (DRAM), among other memory and data storage products.
2. Advanced Micro Devices, Inc. (NASDAQ:AMD)
Quarterly Revenue Growth: 31.71%
Number of Hedge Fund Holders: 113
Advanced Micro Devices, Inc. (NASDAQ:AMD) ranks among the best fast growth stocks to buy now. Following the company’s pre-quarter call, Piper Sandler reaffirmed its Overweight rating and $190 price target for Advanced Micro Devices, Inc. (NASDAQ:AMD) on September 15. According to the firm, AMD management appeared optimistic about the company’s prospects for the second half of 2025 and the first half of 2026.
Piper Sandler reports that all of AMD’s major business sectors seem to be on pace for the current quarter, with the server, client, and GPU businesses being cited as tailwinds. The firm also pointed to AMD’s embedded business’s possible growth as another encouraging element for the company’s future.
Advanced Micro Devices, Inc. (NASDAQ:AMD) is a global leader in semiconductor technology. The company, which serves both commercial and consumer industries, focuses in designing cutting-edge computer processors and associated technologies.
1. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)
Quarterly Revenue Growth: 45.37%
Number of Hedge Fund Holders: 187
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) ranks among the best fast growth stocks to buy now. With a price target of NT$1,444, Bernstein reaffirmed its Outperform rating on Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) on September 10. The company is expected to report third-quarter revenue above its own guidance, aided by strong demand for AI chips and expanding non-AI segments.
Citing solid export data and indicators of ongoing demand for AI through 2026, analysts predict that TSMC’s revenue would increase by 33% in 2025, exceeding the company’s prediction of 30%. Demand for non-AI is also accelerating, helped in part by pull-ins due to tariffs.
Bernstein stated that beginning in the first quarter of 2026, price increases of 5–10% on 5-nanometer and more sophisticated nodes should help counteract foreign exchange headwinds and growing costs overseas.
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is a leading Taiwanese company that offers semiconductor manufacturing services.
While we acknowledge the potential of TSM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TSM and that has 100x upside potential, check out our report about this cheapest AI stock.
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