On November 26, Dan Ives of Wedbush joined CNBC’s ‘Closing Bell Overtime’ to talk about the big tech trade, the AI revolution, and his view that the market is not currently in a bubble. Ives immediately addressed the flighty nature of the market and cautioned listeners to avoid getting caught up in weekly hype. He cited recent past narratives as examples of overreaction, including the idea that OpenAI would destroy Google Search, that Apple was dead money for initially missing out on AI (before the announcement of Apple Intelligence), and the more recent contention that Oracle is the fourth hyperscaler. He emphasized the need for investors to do their homework rather than chase weekly buzz. Ives then transitioned to his firm’s top tech picks and stated that Wedbush dedicates its time across Asia and the world to gauge demand, which informs its selections.
Ives also revisited his central thesis and declared that those who call the current market a bubble do so because the value is not yet visible in the spreadsheet. He firmly believes that the current tech bull market will continue for another 2 years. He connected this to a broader governmental support structure and referenced a recent executive order signed by the President for a major AI project called the Genesis mission, which he likened to the post-World War Two Manhattan Project. Ives believes this signals a government backstop for the AI bull market. He noted that, for the first time in 30 years, the US is ahead of China in tech, and Big Tech, led by Godfather of AI Jensen (Huang/Nvidia) and Microsoft (and OpenAI), benefits from government support. He maintained that despite worries about companies being too big to fail, the AI game is only in the top of the third, or maybe one out, with two more years left in the bull market.
That being said, we’re here with a list of the 12 most profitable tech stocks to buy.
Our Methodology
We first sifted through the Finviz stock screener to compile a list of the top tech stocks. We then used Seeking Alpha to pick profitable stocks that had high TTM net income (over $1 billion) and a high TTM net income margin (over 15%). From that list, we selected 12 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 Q3 2025.
Note: All data was sourced on December 4.
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 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
12 Most Profitable Tech Stocks to Buy
12. Palantir Technologies Inc. (NASDAQ:PLTR)
TTM Net Income as of December 4: $1.09 billion
TTM Net Income Margin as of December 4: 28.11%
Number of Hedge Fund Holders: 81
Palantir Technologies Inc. (NASDAQ:PLTR) is one of the most profitable tech stocks to buy. On December 4, Palantir Technologies, Nvidia (NASDAQ:NVDA), and US utility CenterPoint Energy (NYSE:CNP) announced that they are jointly developing a new software platform called Chain Reaction. This system is being created to accelerate the extremely complex process of building new AI data centers, which can consume as much electricity as a small city.
The partners view the current bottleneck to AI innovation as being energy and compute infrastructure, rather than algorithms, and Chain Reaction is designed as an operating system to resolve these issues. The Chain Reaction software is intended to help firms build these gigawatt-scale AI factories by streamlining challenges related to permitting, supply chain, and construction. It will use AI tools to coordinate and optimize the supply chain across various critical actors, including energy producers, power grid operators, data centers, and infrastructure builders.
This effort must account for the logistical interdependencies across different types of companies. For instance, the system will need to align the efforts of Nvidia’s chipmaking partners, like Taiwan Semiconductor Manufacturing, with the work of utilities like CenterPoint Energy, which secure permits for and construct electrical grid upgrades. The system will build upon the previous collaboration between Palantir and Nvidia that was unveiled last month, which applied AI to solve logistical challenges for retailers. However, Chain Reaction extends this model by integrating the entire AI infrastructure value chain
Palantir Technologies Inc. (NASDAQ:PLTR) builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the US, the UK, and internationally.
11. ASML Holding (NASDAQ:ASML)
TTM Net Income as of December 4: $11.08 billion
TTM Net Income Margin as of December 4: 29.38%
Number of Hedge Fund Holders: 82
ASML Holding (NASDAQ:ASML) is one of the most profitable tech stocks to buy. On December 3, Bank of America raised the firm’s price target on ASML to $1,331 from $1,092 and kept a Buy rating on the shares. BofA views fiscal 2027 as a key inflection point for ASML, which the firm believes will trigger a higher re-rating for the stock. This expected acceleration in performance is driven by two main factors: increased lithography intensity and an expansion in the company’s gross margins due to a more favorable product mix.
Earlier in its Q3 2025 earnings report, ASML Holding disclosed that the company achieved total net sales of EUR7.5 billion ($8.75 billion), falling within its guidance range. This was a 7.60% year-over-year increase. The EPS for the quarter totaled $6.39, which beat Street estimates by $0.17. Net System Sales totaled EUR5.6 billion, with EUV system sales contributing EUR2.1 billion of that figure, and Installed Base Management Sales reaching EUR2 billion.
Additionally, ASML showed strong demand for its most advanced technology, reporting Net System Bookings of EUR5.4 billion, with EUV systems accounting for EUR3.6 billion of that total. Looking ahead, ASML projects total net sales between EUR9.2 and EUR9.8 billion for Q4. For the Full Year 2025, the company expects total sales to be around EUR32.5 billion. ASML also highlighted a partnership with Mistral AI to enhance AI capabilities across its portfolio.
ASML Holding (NASDAQ:ASML) provides lithography solutions for the development, production, marketing, sales, upgrading, and servicing of advanced semiconductor equipment systems. It offers lithography, metrology, and inspection systems.
