On Tuesday, September 16, stock prices moved a little lower as investors decided to take some profits ahead of the Federal Reserve interest rate decision.
The S&P 500 fell by 0.13% after reaching a new high earlier in the session. The Nasdaq Composite went down by 0.07%. The Dow Jones Industrial Average fell by 0.27%.
The Federal Reserve began a two-day meeting on Tuesday, which is expected to result in a rate cut for the first time since December. According to the CME’s FedWatch tool, interest rate futures see a 100% chance of at least a quarter-point rate cut.
Traders are also closely looking at the ongoing global trade discussions and new reciprocal tariffs, which are set to take effect in November.
The US Treasury Secretary, Scott Bessent, told CNBC that he expects more talks before the deadline. He said the Chinese feel a trade deal might be possible after US and Chinese officials concluded two days of talks in Madrid on Monday.
President Trump also gave a positive assessment of the trade talks, which helped US stocks go up. This pushed the S&P 500 to close above 6,600 for the first time on Monday.
During the talks, US and Chinese officials also reached a “framework” agreement for TikTok, which would allow the app to continue running in the US.
With this background in mind, let’s take a look at the 10 best NASDAQ stocks to buy for the long term.
Photo by Pascal Bernardon on Unsplash
Our Methodology
To compile our list of the 10 best NASDAQ stocks to buy for the long term, we looked for companies that are listed on the NASDAQ with a compound annual growth rate (CAGR) in revenue exceeding 15% over the past 5 years. To ensure the reliability of our findings, we consulted Seeking Alpha to confirm the 5-year revenue growth rate for each NASDAQ stock. Next, we focused on the top 10 stocks most favored by institutional investors. Data for the hedge fund sentiment surrounding each stock was taken from Insider Monkey’s Q2 2025 database of 983 elite hedge funds. Finally, the 10 best NASDAQ stocks to buy for the long term were ranked in ascending order based on the number of hedge funds holding stakes in them as of Q2 2025.
Why do we care about what hedge funds do? 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 Best NASDAQ Stocks to Buy For Long Term
10. Intuit Inc. (NASDAQ:INTU)
5-Year Revenue CAGR: 19.65%
Number of Hedge Fund Holders: 105
Intuit Inc. (NASDAQ:INTU) is one of the best NASDAQ stocks to buy for the long term. On September 15, Intuit Inc. (NASDAQ:INTU) announced the launch of Clair On-Demand Pay. This service is now available as part of the Intuit Enterprise Suite and QuickBooks Payroll on the Intuit platform.
Intuit Inc. (NASDAQ:INTU) has partnered with Clair, a fintech company that helps employees get early access to their earned wages. Companies using QuickBooks Online Payroll can now offer their employees the option to access a portion of their earnings before their scheduled payday.
The introduction of this new On-Demand Pay feature is part of Intuit Inc.’s (NASDAQ:INTU) effort to create an all-in-one business platform that supports the growth of small and medium-sized businesses.
Clair On-Demand Pay inside QuickBooks will not only help employees better manage their finances, but it will also allow small business employers to offer a benefit usually seen in larger companies. Intuit Inc. (NASDAQ:INTU) expects this offering to improve employee satisfaction and retention.
Intuit Inc. (NASDAQ:INTU) is an American multinational financial technology and business software company that offers a wide range of products and services.
9. Intuitive Surgical, Inc. (NASDAQ:ISRG)
5-Year Revenue CAGR: 15.98%
Number of Hedge Fund Holders: 107
Intuitive Surgical, Inc. (NASDAQ:ISRG) is one of the best NASDAQ stocks to buy for the long term. On September 10, Bank of America Securities reiterated a Buy rating on Intuitive Surgical, Inc. (NASDAQ:ISRG) with a price target of $650.
This decision comes in spite of Intuitive Surgical, Inc.’s (NASDAQ:ISRG) stock’s recent performance, which has showed weakness.
On September 4, Bernstein SocGen Group also reaffirmed an Outperform rating on Intuitive Surgical, Inc. (NASDAQ:ISRG) with a price target of $685. The firm believes the current stock price presents an “enhanced buying opportunity.”
Bernstein analysts noted that Intuitive Surgical, Inc. (NASDAQ:ISRG) has “five transformational product launches” that could cause the company’s stock to rise.
The firm also shared strong confidence in the company’s near-term earnings potential. Bernstein analysts said that Intuitive Surgical, Inc. (NASDAQ:ISRG) has “more upside to near-term EPS estimates” than any other stock the firm covers.
Overall, analysts are bullish on Intuitive Surgical, Inc. (NASDAQ:ISRG). The 12-month median price target of $597 set by analysts suggests a potential upside of 38% from the current stock price as of September 16.
Intuitive Surgical, Inc. (NASDAQ:ISRG) is an American medical device and technology company that designs and manufactures robotic-assisted surgical systems for physicians and hospitals to make surgery less invasive.
8. Advanced Micro Devices, Inc. (NASDAQ:AMD)
5-Year Revenue CAGR: 31.09%
Number of Hedge Fund Holders: 113
Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the best NASDAQ stocks to buy for the long term. On September 9, HSBC reduced its price target for Advanced Micro Devices, Inc. (NASDAQ:AMD) from $200 to $185 while keeping a Buy rating.
HSBC updated its estimate for the average selling price (ASP) of Advanced Micro Devices, Inc.’s (NASDAQ:AMD) MI355 chip. The firm now expects the ASP to be $23,000 per unit, down from the previous estimate of $25,000. HSBC said this is “a more prudent assumption given differential pricing for different customers.”
As a result, HSBC also lowered its 2026 AI GPU revenue estimates for Advanced Micro Devices, Inc. (NASDAQ:AMD) from $15.1 billion to $13.9 billion. However, the firm pointed out that this revised figure is still 20% higher than the current consensus estimates.
HSBC said that the market “is still underestimating the pricing potential” of Advanced Micro Devices, Inc.’s (NASDAQ:AMD) AI GPU business.
Advanced Micro Devices, Inc. (NASDAQ:AMD) is an American multinational semiconductor company that specializes in graphics processing units (GPUs), microprocessors, and high-performance computing solutions. The company serves various markets like gaming, data centers, and AI.
7. Tesla, Inc. (NASDAQ:TSLA)
5-Year Revenue CAGR: 29.25%
Number of Hedge Fund Holders: 115
Tesla, Inc. (NASDAQ:TSLA) is one of the best NASDAQ stocks to buy for the long term. On September 16, Tesla, Inc. (NASDAQ:TSLA) announced on X that it has officially opened Cybertruck orders in the United Arab Emirates (UAE), allowing reservation holders in the country to order.
This marks the beginning of Tesla, Inc.’s (NASDAQ:TSLA) launch of the all-electric pickup truck in the Middle East.
Tesla, Inc. (NASDAQ:TSLA) also said that it will launch a public configurator in the Middle East in the coming weeks.
This announcement comes as Tesla, Inc. (NASDAQ:TSLA) slowly introduces Cybertruck to international markets. The first country outside North America to get this electric pickup truck was South Korea, where orders opened in August 2025.
Now, with the Middle East, Tesla, Inc. (NASDAQ:TSLA) is looking to attract high-income buyers in markets where pickup trucks are seen as useful and a sign of status.
Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company that is known for its electric vehicles and energy generation and storage systems. The company also leverages advanced AI in its autonomous driving technology and robotics initiatives.
6. MercadoLibre, Inc. (NASDAQ:MELI)
5-Year Revenue CAGR: 53.72%
Number of Hedge Fund Holders: 116
MercadoLibre, Inc. (NASDAQ:MELI) is one of the best NASDAQ stocks to buy for the long term. On September 12, Reuters reported that Mexico’s antitrust watchdog, Cofece, conducted an investigation into the country’s e-commerce market and found that sellers on MercadoLibre, Inc. (NASDAQ:MELI) faced barriers to competition.
However, Cofece’s commission could not reach a consensus to take corrective actions against MercadoLibre, Inc. (NASDAQ:MELI). The watchdog decided not to impose sanctions because of uncertainty regarding the benefits entailed for consumers and small businesses.
Cofece found that MercadoLibre, Inc. (NASDAQ:MELI) does not provide sufficient information to sellers on how featured products are chosen. Also, sellers using the platform’s logistics services receive more visibility for their products.
Previously, in February, MercadoLibre, Inc. (NASDAQ:MELI) said it would cooperate with Cofece’s investigation after a preliminary ruling.
In the second quarter of 2025, MercadoLibre, Inc.’s (NASDAQ:MELI) commerce business in Mexico delivered a strong performance. The number of items sold increased by 36% year-over-year, marking the fastest growth in nearly two years.
MercadoLibre, Inc. (NASDAQ:MELI) is the leading e-commerce and financial technology company in Latin America with a presence in 18 countries.
5. Broadcom Inc. (NASDAQ:AVGO)
5-Year Revenue CAGR: 20.90%
Number of Hedge Fund Holders: 156
Broadcom Inc. (NASDAQ:AVGO) is one of the best NASDAQ stocks to buy for the long term. On September 5, CFRA increased its price target for Broadcom Inc. (NASDAQ:AVGO) from $340 to $380 while keeping a Buy rating.
This decision came after Broadcom Inc. (NASDAQ:AVGO) reported results for its third quarter of fiscal year 2025.
CFRA highlighted the company’s growing AI semiconductor business as the main reason for the higher price target. The firm noted the addition of a fourth customer, which is expected to bring in $10 billion in sales in the coming quarters.
The research firm raised its earnings estimates for Broadcom Inc. (NASDAQ:AVGO). CFRA raised the expected EPS for fiscal year 2025 from $6.65 to $6.71. For fiscal year 2026, the EPS forecast was raised from $8.13 to $9.00. For fiscal year 2027, the firm increased the EPS forecast from $9.82 to $10.95.
CFRA also pointed out that investor sentiment should improve as Broadcom Inc.’s (NASDAQ:AVGO) CEO, Hock Tan, plans to stay in his role until at least the end of the decade.
Broadcom Inc. (NASDAQ:AVGO) is an American multinational technology company that designs, develops, and supplies a variety of semiconductor, enterprise software, and security solutions.
4. Alphabet Inc. (NASDAQ:GOOGL)
5-Year Revenue CAGR: 17.47%
Number of Hedge Fund Holders: 219
Alphabet Inc. (NASDAQ:GOOGL) is one of the best NASDAQ stocks to buy for the long term. On September 16, Reuters reported that Alphabet Inc.’s (NASDAQ:GOOGL) Google will invest GBP 5 billion (about $6.80 billion) in the UK ahead of the visit of US President Donald Trump to the country. This visit is expected to bring many new business deals and partnerships.
Google also announced the opening of a new data center near London. This data center will support the growing demand for Google’s AI services like Google Cloud, Search, Maps and Workspace.
Alphabet Inc.’s (NASDAQ:GOOGL) Google said this investment will help create 8,250 jobs each year in British businesses.
The visit by President Trump is expected to strengthen economic ties between the US and the UK. Senior US officials mentioned that business agreements worth more than $10 billion would be announced.
Alphabet Inc. (NASDAQ:GOOGL) is a global technology company and the parent company of Google. The company’s products include Search, Ads, Chrome, Cloud, YouTube, and Android.
3. NVIDIA Corporation (NASDAQ:NVDA)
5-Year Revenue CAGR: 65.80%
Number of Hedge Fund Holders: 235
NVIDIA Corporation (NASDAQ:NVDA) is one of the best NASDAQ stocks to buy for the long term. On September 16, Reuters reported that NVIDIA Corporation’s (NASDAQ:NVDA) newest AI chip for the Chinese market, RTX6000D, is not selling well.
According to two people with knowledge of the procurement discussions, some big tech companies in China have decided not to place orders for NVIDIA Corporation’s (NASDAQ:NVDA) RTX6000D.
The RTX6000D is mainly designed for AI inference tasks, but it is seen as too expensive for what it can do. Testing of samples showed that its performance is worse than the RTX5090. While the RTX5090 is banned by the US from being used in China, it is still available through grey market channels for less than half the price of RTX6000D.
Chinese tech giants are also waiting to find out if they can place orders for NVIDIA Corporation’s (NASDAQ:NVDA) H20 chip. In July, NVIDIA Corporation (NASDAQ:NVDA) was allowed to sell the H20 again, but shipments have not yet restarted. The tech firms are also hoping that NVIDIA Corporation’s (NASDAQ:NVDA) B30A chip, which is much stronger than the H20, will get approval from Washington.
The disappointing interest in the RTX6000D is different from what some analysts expected. In August, JPMorgan said that it expected 1.5 million RTX6000Ds to be produced in the second half of 2025. Morgan Stanley also forecasted in July that NVIDIA Corporation (NASDAQ:NVDA) would have 2 million of these chips in its pipeline.
NVIDIA Corporation (NASDAQ:NVDA) is an American multinational technology company that specializes in AI hardware and software, and high-performance computing (HPC) solutions.
2. Meta Platforms, Inc. (NASDAQ:META)
5-Year Revenue CAGR: 18.93%
Number of Hedge Fund Holders: 260
Meta Platforms, Inc. (NASDAQ:META) is one of the best NASDAQ stocks to buy for the long term. On September 16, Reuters reported that Meta Platforms, Inc. (NASDAQ:META) is expected to introduce new smart glasses at its annual Connect event.
Mark Zuckerberg, Meta Platforms, Inc.’s (NASDAQ:META) CEO, is expected to reveal the company’s first consumer-ready smart glasses. These glasses will have a built-in display and are expected to retail for approximately $800, according to analysts.
The glasses, which are codenamed “Hypernova” inside Meta Platforms, Inc. (NASDAQ:META), are expected to be introduced as “Celeste.” These glasses will have a small digital display in the right lens for basic functions like notifications.
This new product is expected to be less advanced than the company’s “Orion” prototype glasses, which were showcased last year. Zuckerberg described Orion as “the time machine to the future.” Meta Platforms, Inc. (NASDAQ:META) expects to launch Orion in 2027.
Meta Platforms, Inc. (NASDAQ:META) is an American multinational technology company that owns and operates social media platforms and communication services, including Facebook, Instagram, Threads, Messenger, and WhatsApp.
1. Amazon.com, Inc. (NASDAQ:AMZN)
5-Year Revenue CAGR: 15.80%
Number of Hedge Fund Holders: 335
Amazon.com, Inc. (NASDAQ:AMZN) is one of the best NASDAQ stocks to buy for the long term. On September 10, Morgan Stanley reaffirmed an Overweight rating for Amazon.com, Inc. (NASDAQ:AMZN) with a price target of $300.
Morgan Stanley views Amazon.com, Inc.’s (NASDAQ:AMZN) move into the fresh grocery market, which is worth about $600 billion, as a catalyst for sustained faster growth.
The research firm pointed out that for every 1% of market share that Amazon.com, Inc. (NASDAQ:AMZN) can capture, its US gross merchandise value will increase by about 120 basis points. Morgan Stanley also noted that the company has already built the required logistics network to support this expansion into the fresh grocery market.
Additionally, the firm highlighted that Amazon.com, Inc. (NASDAQ:AMZN) can benefit from higher fresh merchandise margins. The minimum $25 basket requirement would also make this move promising.
Amazon.com Inc. (NASDAQ:AMZN) is an American technology company that operates an online retail platform and specializes in e-commerce, cloud computing, and other services, including digital streaming and artificial intelligence solutions.
While we acknowledge the potential of AMZN as an investment, 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 AMZN and that has a 100x upside potential, check out our report about this cheapest AI stock.
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Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.
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