Amid mounting tensions in the Middle East, particularly the Iran-Israel conflict, Wall Street strategists are advising US equities investors to remain calm and buy the dip, particularly when it comes to tech stocks. The advice proved prescient on June 24, after President Donald Trump announced a ceasefire between Israel and Iran. Leading strategists like Paul Christopher of Wells Fargo Investment Institute and Sam Stovall of CFRA are recommending that long-term investors focus on IT, communication services, and financials. Dennis DeBusschere of 22V Research, meanwhile, favors growth and momentum stocks. The guidance deviates from traditional wisdom during geopolitical uncertainty, which typically favors defensive stocks.
Strategists express confidence that the Iran-Israel conflict will not have a lasting impact on the stock market, and technology companies are seen as a haven. According to Barclays strategist Venu Krishna, historical experience suggests that geopolitical risks are often contained. Michael Kantrowitz, chief investment strategist at Piper Sandler & Co., reinforces this view and stated that betting on a market decline by being defensive is not what they anticipate. Morgan Stanley strategist Michael Wilson also maintains a bullish outlook and expects US companies to experience growth in the next 6 to 12 months, provided that there isn’t a significant surge in oil prices.
That being said, we’re here with a list of the 10 best US tech stocks to buy now.
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Our Methodology
We sifted through the Finviz stock screener to compile a list of the top US tech stocks. We then selected 10 stocks that were the most popular among elite hedge funds and that analysts were bullish on. The stocks are ranked in ascending order of the number of hedge funds that have stakes in them, as of Q1 2025. The hedge fund data was sourced from Insider Monkey’s database which tracks the moves of over 1000 elite money managers.
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 Best US Tech Stocks to Buy Now
10. Intuit Inc. (NASDAQ:INTU)
Number of Hedge Fund Holders: 87
Intuit Inc. (NASDAQ:INTU) is one of the best US tech stocks to buy now. On June 12, Intuit unveiled a new suite of marketing tools and integrations at Mailchimp’s FWD: London event. The innovations are designed to empower marketers and small-to-mid-sized businesses/SMBs by enhancing their ability to understand and use customer data, ultimately boosting conversions and driving sustainable growth.
The new offerings include AI-powered tools for deeper customer insights and marketing automation. Intuit Mailchimp has also introduced new lead generation integrations with major platforms such as Meta, TikTok, Google, Snapchat, and LinkedIn to streamline the lead-to-conversion journey. Additionally, over 100 new customizable pop-up templates have been made available for targeted campaigns, and reporting capabilities have been enhanced with the Metrics Visualizer.
Since December 2024, Intuit Mailchimp has implemented over 2,000 product updates and enhancements. Intuit now plans to release new custom audience tools later this year, allowing marketers to send audience segments directly to Meta technologies and Google Ads for lookalike audiences or retargeting. SMS contact import via API is also on the horizon, enabling businesses to engage SMS-only contacts.
Intuit Inc. (NASDAQ:INTU) provides financial management, compliance, and marketing products and services in the US.
9. Snowflake Inc. (NYSE:SNOW)
Number of Hedge Fund Holders: 94
Snowflake Inc. (NYSE:SNOW) is one of the best US tech stocks to buy now. On June 10, WNS (Holdings) Limited (NYSE:WNS) announced a collaboration with Snowflake. The partnership aims to accelerate data modernization and use AI to improve business outcomes for organizations across various industries.
WNS’s recent acquisition of Kipi.ai (occurring earlier this year on March 11), which is a Snowflake Elite Partner, supports this collaboration. The acquisition is valued between $75 million and $100 million and supports WNS’s capabilities in data management and advanced analytics. Kipi.ai supports over 600 SnowPro Core Certified Professionals, which includes 400 Advanced SnowPro Certified experts, and 3 of the ~80 global Snowflake Data Superheroes.
WNS plans to more than double its Snowflake-certified workforce over the next 2 years to meet growing client demand. The collaboration will combine Snowflake’s AI Data Cloud platform, which unifies data silos, enables real-time analytics, and facilitates secure data sharing, with WNS’s deep domain knowledge and AI expertise. The partnership will serve clients across the US, UK, Europe, and Australia, supporting data modernization initiatives and AI-driven transformation.
Snowflake Inc. (NYSE:SNOW) provides a cloud-based data platform for various organizations in the US and internationally. WNS (Holdings) Limited (NYSE:WNS) is a business process management company.