In this article, we will discuss the 12 Best NASDAQ Stocks with High Upside Potential.
On June 4, Hans Albrecht, Equity Fund Manager at Option Pit, joined BNN Bloomberg to discuss the outlook on the markets with a spotlight on tech. Albrecht observed that the semiconductor trade has been relentlessly up, but he pointed to evidence in the options market, specifically aggressive buying of upside calls, or “FOMO”, suggesting that the market has become overextended in the short term. He noted that while the demand for infinite compute remains a valid, early-stage theme for AI, it does not guarantee infinite stock price appreciation. As excitement in the semiconductor space cools, he highlighted a rerating occurring in other tech areas that were previously undervalued, such as the CPU and equipment spaces, with companies like Dell receiving renewed attention from investors who are recognizing their potential in the AI landscape. He warned that when too many investors crowd onto one side of the boat, the market becomes prone to tipping over.
The discussion then moves to SpaceX’s IPO. Albrecht expressed skepticism and suggested that the IPO could be destabilizing for the market. He pointed out that private investors have already had access to SpaceX, meaning those who get involved in the IPO may be looking to exit, a situation compounded by relaxed rules around lockup periods. He further voiced concern that companies like SpaceX, OpenAI, and Anthropic remain unprofitable, yet are launching record-breaking IPOs. He posited that liquid Mag 7 stocks may be seeing a pullback as investors sell off those positions to raise capital for the SpaceX offering. He characterized the company’s $2.4 trillion dark market valuation as high and reiterated his concern that the sheer volume of stock entering the market could cause instability.
Against this backdrop, lets look at some of the best NASDAQ stocks with high upside potential.
Our Methodology
We used financial media reports to identify NASDAQ stocks that have an average upside potential of at least 30%. We limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among elite hedge funds and are ranked in ascending order of their upside potential.
Note: All data was sourced on June 17.
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).
12 Best NASDAQ Stocks with High Upside Potential
12. Amazon.com Inc. (NASDAQ:AMZN)
Average Upside Potential: 34.53%
Amazon.com Inc. (NASDAQ:AMZN) is one of the best NASDAQ stocks with high upside potential. On June 10, Amazon announced that Amazon Elastic Compute Cloud (Amazon EC2) M9g and M9gd instances, powered by AWS Graviton5 processors, are generally available. These provide up to 25% better compute performance than the previous generation. Designed for the demands of agentic AI, these chips feature 192 cores, a 5x larger L3 cache, and support for DDR5-8800 memory and PCIe Gen 6. The new M9g and M9gd instances are optimized to accelerate web applications, machine learning inference, and database performance by up to 30%.
The architecture delivers significant efficiency gains, including 33% lower inter-core latency and increased network and storage bandwidth. Built on 3nm technology, these chips provide higher performance while maintaining energy efficiency. The M9gd instances further support demanding workloads with high-speed local storage, offering up to 11.4 TB of NVMe SSD storage and 30% higher IOPS.
Security is enhanced through the sixth-generation AWS Nitro System, which introduces the Nitro Isolation Engine. This component uses formal verification and mathematical proofs to ensure strict isolation between virtual machines and protect customer data from unauthorized access. The design continues the AWS commitment to a zero-operator access model, securing workloads across government, financial, and healthcare sectors.
Amazon.com Inc. (NASDAQ:AMZN) operates across e-commerce, digital content, advertising, and cloud computing. Its online and offline stores offer both in-house and third-party products, while its Amazon Web Services/AWS division runs one of the world’s largest data center networks.
11. Coinbase Global Inc. (NASDAQ:COIN)
Average Upside Potential: 36.43%
Coinbase Global Inc. (NASDAQ:COIN) is one of the best NASDAQ stocks with high upside potential. On June 17, Coinbase Global introduced “Coinbase Advisor,” an AI-powered investment tool designed to help users optimize their portfolios. Currently available to US “Coinbase One” premium subscribers, the tool is one of the first SEC-registered AI investment advisors in the country. It provides personalized guidance on trade execution, market analysis, and tax-loss harvesting.
This launch is a key component of CEO Brian Armstrong’s strategy to transform Coinbase into a comprehensive “everything exchange.” By integrating trading, payments, and automated financial management into a single platform, the company aims to move beyond its crypto-native roots and compete directly with traditional financial institutions and brokerages.
The move comes as competition intensifies among platforms seeking to offer a unified destination for stocks, digital assets, and tokenized products. By using AI to automate complex wealth-building strategies, Coinbase Global Inc. (NASDAQ:COIN) is attempting to deepen user engagement and diversify its revenue streams, positioning itself as a central hub for both legacy and on-chain finance.
Coinbase Global Inc. (NASDAQ:COIN) provides a trusted platform that serves as a compliant on-ramp to the on-chain economy, allowing users to engage in a wide range of activities with their crypto assets through proprietary and third-party product experiences that are enabled by access to decentralized applications.
