In this article, we will discuss the 10 Cheap NASDAQ Stocks to Buy Right Now.
On April 28, Gabelli’s John Belton joined CNBC’s ‘Closing Bell Overtime’ to analyze the market environment heading into earnings season. Belton explored the recent surge in Mag 7 type stocks, suggesting that the late March low and a potential ceasefire in Iran may have coincided with the introduction of the mythos model, which acted as an accelerant for the sector. When questioned about whether AI market winners are easily defined or if there is indiscriminate buying, he acknowledged the complexity of the situation. He highlighted that beyond the mythos catalyst, he is particularly excited by the revenue figures from Anthropic and OpenAI, which have collectively reached an estimated $70 billion in annualized run-rate revenue, more than doubling since the beginning of the year. He argued that this development effectively addresses the earlier debate regarding whether companies were spending heavily on infrastructure without achieving monetization, asserting that the shift toward direct AI monetization is a crucial development.
Regarding investor expectations for CapEx plans, Belton observed that the first-quarter earnings cycle historically does not see major changes to full-year outlooks, so he expects plans to be reiterated or only slightly increased. He noted that the more critical issue for investors is understanding where that capital is being allocated, specifically, whether it is directed toward visible ROI use cases or more speculative research and development. He identified cloud revenue acceleration as the primary theme of the upcoming earnings season.
Our Methodology
We used screeners to identify NASDAQ stocks that are trading below a forward P/E of 15, 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 are ranked in ascending order of the number of hedge funds that have stakes in them, as of Q4 2025.
Note: All data was sourced on May 22.
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 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
10 Cheap NASDAQ Stocks to Buy Right Now
10. JD.com Inc. (NASDAQ:JD)
Number of Hedge Fund Holders: 51
JD.com Inc. (NASDAQ:JD) is one of the cheap NASDAQ stocks to buy right now. On May 12, JD.com announced its financial results for Q1 2026, reporting net revenues of RMB315.7 billion, a 4.9% increase year-over-year. Net income attributable to ordinary shareholders was RMB5.1 billion, while non-GAAP net income reached RMB7.4 billion.
JD Retail showed strong performance with an operating margin of 5.6%, reaching record profitability levels. The company also continued its share repurchase program, buying back approximately 1.6% of its outstanding shares for $631 million during the quarter.
The company highlighted ongoing operational progress across its segments, including JD Logistics’ technological advancements and the international expansion of its Joybuy retail service in Europe. Additionally, boards of several subsidiaries approved restricted share unit grants to Richard Qiangdong Liu to support long-term value creation.
JD.com Inc. is an internet retail and supply chain-based technology company. It also acts as a service provider and has three segments: JD Retail, JD Logistics, and New Businesses.
9. Kimberly-Clark Corporation (NASDAQ:KMB)
Number of Hedge Fund Holders: 56
Kimberly-Clark Corporation (NASDAQ:KMB) is one of the cheap NASDAQ stocks to buy right now. On April 28, Kimberly-Clark reported solid Q1 2026 results, delivering $4.2 billion in net sales, a 2.7% increase year-over-year. Organic sales grew by 2.5%, fueled by consumer-inspired innovation and volume-plus-mix growth, even as the company navigated macroeconomic uncertainties and ongoing portfolio transitions.
The company achieved an adjusted operating profit of $732 million, a 3.7% increase compared to the prior year, supported by significant productivity savings and lower overhead costs. While adjusted EPS from continuing operations saw a slight decline of 1.2% due to tax factors, adjusted EPS attributable to the total corporation rose by 2.1%.
Looking ahead, Kimberly-Clark Corporation reaffirmed its 2026 outlook, expecting organic sales growth to remain consistent with or ahead of category averages. Management continues to focus on long-term value creation, including preparations for the upcoming Kenvue acquisition and continued investment in commercial activations and sustainable productivity.
Kimberly-Clark Corporation is a global company focused on products and solutions for personal care. It operates through two segments: North America and International Personal Care.
8. Roper Technologies, Inc. (NASDAQ:ROP)
Number of Hedge Fund Holders: 61
Roper Technologies, Inc. (NASDAQ:ROP) is one of the cheap NASDAQ stocks to buy right now. On April 23, Roper Technologies reported a strong Q1 2026, with revenue increasing 11% to $2.10 billion, driven by 6% organic growth and contributions from acquisitions. Adjusted net earnings rose 4% to $539 million, while adjusted diluted EPS grew 8% to $5.16.
The company demonstrated significant capital deployment efficiency, repurchasing 4.3 million shares for $1.5 billion during the quarter. Furthermore, the board authorized an additional $3 billion for share repurchases, highlighting a focus on compounding long-term free cash flow per share.
Following these results, Roper Technologies Inc. raised its full-year 2026 adjusted diluted EPS guidance to a range of $21.80 – $22.05. Management attributed this positive outlook to resilient demand for their mission-critical solutions and the company’s accelerated speed in delivering AI-integrated products to vertical markets.
Roper Technologies Inc. operates as a diversified technology company, focused on vertical software and technology-enabled products across niche markets. Its business is organized into three segments: Application Software, Network Software, and Technology Enabled Products.
7. Amgen Inc. (NASDAQ:AMGN)
Number of Hedge Fund Holders: 70
Amgen Inc. (NASDAQ:AMGN) is one of the cheap NASDAQ stocks to buy right now. On May 19, Amgen announced the retirement of its Executive Vice President and Chief Financial Officer, Peter Griffith, who has held the role since 2020. During his tenure, Griffith was instrumental in strengthening the company’s financial position, supporting capital allocation, and driving its long-term growth strategy.
Thomas Dittrich has been named as Griffith’s successor. He will return to Amgen on July 1 as Executive Vice President, transitioning into the Chief Financial Officer role on September 1. Dittrich brings over 30 years of international experience in the biopharmaceutical and healthcare sectors, including previous CFO roles at Galderma, Shire, and Sulzer.
To ensure a seamless leadership transition, Griffith will remain with the company through January 2027. Dittrich will oversee all aspects of the firm’s financial operations, continuing Amgen’s focus on delivering long-term growth and patient-centered care.
Amgen Inc. is a drug manufacturer that delivers human therapeutics through pharmaceutical wholesale distributors. The company was founded in 1980 and is headquartered in California.
6. Gilead Sciences Inc. (NASDAQ:GILD)
Number of Hedge Fund Holders: 71
Gilead Sciences Inc. (NASDAQ:GILD) is one of the cheap NASDAQ stocks to buy right now. On May 21, Gilead Sciences completed the acquisition of Tubulis GmbH, a Germany-based biotechnology company, for $3.15 billion in upfront payments plus up to $1.85 billion in potential milestone considerations. This strategic move bolsters Gilead’s oncology portfolio by integrating Tubulis’ proprietary antibody-drug conjugate/ADC platform and promising clinical assets, including the lead candidate TUB-040, which is currently being evaluated for platinum-resistant ovarian and non-small cell lung cancers.
As part of the acquisition, the Tubulis team will remain in Munich to establish “The Tubulis ADC Innovation Center.” This new hub will serve as the company’s center for ongoing ADC research, manufacturing, and clinical development, allowing Gilead to use Tubulis’ expertise in creating highly selective, next-generation therapies designed to maximize anti-tumor activity while limiting side effects.
The acquisition deepens Gilead Sciences Inc.’s (NASDAQ:GILD) commitment to advancing transformative cancer treatments through targeted technologies. By combining Gilead’s existing oncology infrastructure with Tubulis’ innovative ADC platform, the company aims to address significant gaps in care for patients with challenging forms of solid tumors, further cementing its position as a leader in oncology innovation.
Gilead Sciences Inc. is a drug manufacturer that develops medicines for unmet medical needs. The company provides treatments for HIV-1, chronic hepatitis C, primary biliary cholangitis, chronic hepatitis B, and serious invasive fungal infections. It also offers T-cell and CAR T-cell therapies for adult patients, intravenous injections, and treatments for COVID-19.
5. Regeneron Pharmaceuticals Inc. (NASDAQ:REGN)
Number of Hedge Fund Holders: 75
Regeneron Pharmaceuticals Inc. (NASDAQ:REGN) is one of the cheap NASDAQ stocks to buy right now. On May 19, Regeneron Pharmaceuticals entered into a $2.32 billion research collaboration with Parabilis Medicines to develop therapeutic candidates using Parabilis’ Helicon peptide platform. The partnership will focus on creating Helicons (stabilized, cell-penetrant alpha-helical peptides) that can be used as standalone therapies or as components of antibody-Helicon conjugates/AHCs to reach previously “undruggable” intracellular protein targets.
Under the agreement, Parabilis will receive $125 million, consisting of a $50 million upfront payment and a $75 million investment from Regeneron in future equity financing. Parabilis is also eligible for up to $2.2 billion in milestone payments and tiered royalties. The companies will jointly discover new therapeutic candidates, while Regeneron will manage subsequent development, manufacturing, and global commercialization.
This collaboration aims to combine Regeneron’s antibody expertise with Parabilis’ peptide technology to create a new class of therapeutics. This deal follows another significant investment by Regeneron Pharmaceuticals Inc. last month, when the company partnered with Telix Pharmaceuticals in a deal worth up to $4.3 billion to develop new radiopharmaceutical therapies.
Regeneron Pharmaceuticals Inc. is a biotechnology firm. It works in the discovery, invention, development, manufacturing, and marketing of pharmaceuticals. Its brand lineup includes Dupixent, Evkeeza, Eylea, Inmazeb, and Kevzara.
4. T-Mobile US Inc. (NASDAQ:TMUS)
Number of Hedge Fund Holders: 76
T-Mobile US Inc. (NASDAQ:TMUS) is one of the cheap NASDAQ stocks to buy right now.
On May 21, T-Mobile announced that the new Motorola Razr family (consisting of the Motorola Razr, Razr+, and the all-new Motorola Razr fold) is coming to its network. The devices feature more durable designs, upgraded camera systems, and AI-powered personalization. Notably, the Motorola Razr fold is the first smartphone on T-Mobile’s network to utilize 6Rx technology and 5G Advanced capabilities, which can deliver up to 20% faster download speeds.
To mark the launch, T-Mobile is offering its most competitive device promotions to date. Customers can receive the Motorola Razr fold “on Us” (or up to $1,700 off an eligible device) when switching or adding a line on qualifying plans, with no trade-in required in some instances. The standard Motorola Razr is also available “on Us” (up to $800 off) with similar plan requirements.
The Motorola Razr and Razr fold are scheduled for release on May 28, with the Motorola Razr+ launching in the coming months. These devices will be supported by T-Mobile’s broader service benefits, which include 5G connectivity, travel perks, and streaming subscriptions such as Netflix and Hulu included in select plans.
T-Mobile US Inc. is a telecom services company that offers wireless communications services, such as voice, messaging, and data, to postpaid, prepaid, and wholesale customers. The company also deals in wireless devices.
3. Fiserv Inc. (NASDAQ:FISV)
Number of Hedge Fund Holders: 83
Fiserv Inc. (NASDAQ:FISV) is one of the cheap NASDAQ stocks to buy right now. On May 14, Fiserv announced a strategic collaboration with OpenAI to integrate frontier AI into its financial technology platforms. The partnership focuses on four core banking areas: developing AI agents on Fiserv’s new agentOS platform, streamlining complex bank modernization processes like core conversions, creating banking-specific AI models, and supporting cybersecurity capabilities.
The initiative aims to address operational challenges by embedding AI directly into the existing infrastructure that financial institutions already rely on. By doing so, Fiserv intends to help banks and credit unions reduce risk, compress implementation timelines, and improve overall operational efficiency.
Joint teams from both companies are currently working on these initiatives, with the first developments expected to roll out to Fiserv Inc.’s (NASDAQ:FISV) client institutions throughout the remainder of 2026 and beyond. This partnership underscores a shared commitment to delivering tangible, AI-driven operational improvements across the banking sector.
Fiserv Inc. offers fintech solutions, such as account processing, digital commerce, fraud prevention, and payments, to segments such as financial institutions and merchants.
2. Intuit Inc. (NASDAQ:INTU)
Number of Hedge Fund Holders: 91
Intuit Inc. (NASDAQ:INTU) is one of the cheap NASDAQ stocks to buy right now. On May 20, Reuters reported that Intuit announced plans to lay off approximately 17% of its global workforce, amounting to roughly 3,000 employees. CEO Sasan Goodarzi stated that the restructuring is intended to reduce organizational complexity and sharpen the company’s focus on key strategic areas, particularly the integration of artificial intelligence across its product suite.
As part of this consolidation, the company will close its offices in Reno and Woodland Hills. Affected US employees are set to receive a severance package that includes 16 weeks of base pay plus additional compensation based on their tenure. This move follows a series of similar workforce reductions across the broader tech industry, where firms are increasingly prioritizing AI-driven efficiencies.
The announcement precedes the company’s scheduled third-quarter earnings report and reflects a broader trend of software companies reallocating resources to accelerate AI adoption. Intuit Inc. has already established partnerships with AI startups like OpenAI and Anthropic to incorporate advanced models into its tax and financial platforms, aiming to strengthen its competitive position in an evolving market.
Intuit Inc. is a global financial technology platform behind TurboTax, Credit Karma, QuickBooks, Mailchimp, and Intuit Enterprise Suite, serving about 100 million customers worldwide.
1. Booking Holdings Inc. (NASDAQ:BKNG)
Number of Hedge Fund Holders: 109
Booking Holdings Inc. (NASDAQ:BKNG) is one of the cheap NASDAQ stocks to buy right now. On May 21, Booking Holdings announced the launch of “BKNG Ads,” a unified advertising identity designed to consolidate access to advertising solutions across its core platforms: Booking.com, Priceline, and Agoda. By providing a single point of entry, the company aims to simplify the campaign planning, activation, and scaling process for its partners while maintaining the unique regional and demographic strengths of each individual brand.
The new structure uses the global reach of Booking.com, Agoda’s mobile-first expertise in Asia, and Priceline’s brand loyalty in the U.S. market. BKNG Ads offers a diverse suite of tools (including native and display advertising, dedicated brand environments, and targeted sponsored placements) designed to engage travelers throughout their journey, from the initial inspiration phase to the final booking.
This strategic alignment is intended to improve return-on-advertising-spend and provide partners with more intuitive access to proprietary insights. Through this centralized approach, Booking Holdings Inc. reinforces its goal of serving as a primary growth engine for its partners by offering flexible tools and actionable data to help them navigate the travel market and drive business expansion.
Booking Holdings Inc. provides online travel and related solutions through its brands: Booking.com, Priceline, Agoda, KAYAK, and OpenTable.
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