In this article, we will discuss the 10 Best NASDAQ Stocks to Invest In For Long Term.
On June 26, Melissa Brown, Managing Director of Investment Decision Research at SimCorp, joined BNN Bloomberg to discuss current market volatility despite a previously strong performance, specifically in the context of the AI boom, the Iran deal, and broader market concerns.
Brown suggested that the current sell-off has been long anticipated and noted that while earnings in the AI-related tech sector have been strong, there has been significant exuberance, potentially rational exuberance, surrounding high valuations. She explained that the market is beginning to differentiate between AI-related stocks, where some are succeeding while others are falling, as companies grapple with the ability to maintain earnings trajectories versus rising costs or infrastructure build-out challenges.
Regarding global market performance, Brown noted that while the US has been lagging behind other regions (excluding US small caps), emerging markets, particularly Korea and Taiwan, had performed strongly relative to the rest of the world due to the AI boom until the previous week. She observed that, regardless of the AI sector, the US has been one of the worst-performing markets compared to Europe, Canada, and Australia, suggesting that strength is present in various sectors worldwide.
Our Methodology
We sifted through financial media reports to compile a list of NASDAQ stocks widely discussed for their long-term potential, and limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds.
Note: All data was sourced on July 1.
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. Insider Monkey’s quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).
10 Best NASDAQ Stocks to Invest In For Long Term
10. Rocket Lab Corporation (NASDAQ:RKLB)
Number of Hedge Fund Holders: 43
Rocket Lab Corporation (NASDAQ:RKLB) is one of the best NASDAQ stocks to invest in for long term. On June 29, Rocket Lab announced a definitive agreement to acquire Iridium Communications in a transaction valued at ~$8.0 billion. Under the terms, Iridium shareholders will receive $54 per share in a mix of cash and stock. This historic merger aims to create a fully vertically integrated space powerhouse by combining Rocket Lab’s launch and satellite manufacturing expertise with Iridium’s global satellite network and L-band spectrum.
The deal supports Rocket Lab Corporation’s (NASDAQ:RKLB) strategic capabilities, providing an immediate foothold in the space applications market, including IoT, direct-to-device services, and resilient positioning, navigation, and timing/PNT solutions. By capturing launch margins internally and using Iridium’s base of over 2.55 million subscribers, the combined entity expects to achieve material revenue scale and enhance long-term cash flow generation.
Both companies view the acquisition as a transformative move to accelerate the development of next-generation satellite infrastructure. The partnership will focus on pioneering new space-based services for government, defense, and commercial customers while ensuring the continuity and advancement of Iridium’s existing constellation. The transaction is expected to close in mid-2027, pending regulatory and stockholder approvals.
Rocket Lab Corporation (NASDAQ:RKLB) is a space technology company headquartered in Long Beach, California, and founded in 2006. The company designs and manufactures rockets, spacecraft, and satellite components while providing dedicated launch services for small and medium-sized payloads
9. SoFi Technologies Inc. (NASDAQ:SOFI)
Number of Hedge Fund Holders: 47
SoFi Technologies Inc. (NASDAQ:SOFI) is one of the best NASDAQ stocks to invest in for long term. On June 23, SoFi announced the launch of Composer by SoFi, an AI-powered investing platform acquired to help investors transform ideas into automated strategies. The service allows users to use NL to design, test, and execute complex, rules-based investment plans without needing coding skills or multiple software tools.
The platform offers three primary ways to invest: designing custom strategies from scratch, selecting from over 2,000 community-built strategies, or building diversified portfolios that combine multiple approaches. Unlike autonomous trading bots, the platform keeps investors in control by using AI to build transparent, rules-based strategies that can be back-tested against historical data before activation.
This launch follows SoFi Technologies Inc.’s (NASDAQ:SOFI) recent introduction of its AI financial assistant, SoFi Coach, as part of its broader push to integrate advanced technology into its financial ecosystem. Composer will be integrated into the main SoFi platform, with expanded access provided to SoFi Plus members to simplify systematic investing alongside their existing financial products.
SoFi Technologies Inc. (NASDAQ:SOFI) operates as a provider of various financial services. The company operates in the Technology Platform, Lending, and Financial Services segments. It provides the SoFi Credit Card, Sofi Relay, SoFi Protect, SoFi Travel, SoFi At Work, Lantern Credit, and others.
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