On June 17, Todd Rosenbluth, VettaFi director of research, joined CNBC’s Dom Chu on ETF Edge to discuss the broader context of tech investing amidst a rapidly changing geopolitical landscape, specifically addressing the volatility observed around the Middle East conflict and its comparison to the impact of tariffs in April-May. Rosenbluth noted that while the geopolitical developments have been jarring, their quantitative volatility in the markets has been less pronounced than that caused by the tariffs.
Rosenbluth attributed the current bout of volatility to investors and advisors in 2025 becoming more accustomed to a generally more volatile market environment. He suggested a higher level of acceptance for this volatility. From the perspective of ETF flows, he observed a growing interest in fixed income ETFs, particularly short-term ones, as investors seek to earn income with minimal risk. Delving into whether mega-cap tech stocks still serve as a safe haven for investors, as they did in previous periods of market turbulence, Rosenbluth acknowledged that while investors gravitated towards tech as a haven during the COVID-19 sell-off in 2020, perceiving it as the lowest-risk part of the market then, the current trend shows a flight to safety in the equity markets shifting towards more defensive sectors.
He concluded that while large-cap tech might still be considered a relatively safe haven, investors are seeking the benefits of diversification as well. That being acknowledged, we’re here with a list of the 13 best QQQ stocks to buy according to hedge funds.
A successful investor reviewing the NASDAQ-100 Index® portfolio on a touchscreen monitor.
Methodology
We sifted through the Invesco QQQ exchange-traded fund (ETF) holdings to find the 13 best 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).
13 Best QQQ Stocks to Buy According to Hedge Funds
13. Autodesk Inc. (NASDAQ:ADSK)
Number of Hedge Fund Holders: 82
Autodesk Inc. (NASDAQ:ADSK) is one of the best QQQ stocks to buy according to hedge funds. On June 18, Arup and Autodesk announced a partnership to develop carbon management solutions for the architecture, engineering, construction, and operations/AECO industries. The collaboration is first-of-its-kind for Autodesk under a new collaboration model to enable sustainable outcomes at scale.
The partnership seeks to develop actionable tools and frameworks for decarbonization and address the carbon footprint of the built environment sector, which accounts for ~34% of energy-related carbon emissions worldwide. The urgency of this initiative is underscored by projections that the global building floor area will double by 2060, with three-quarters of the infrastructure existing in 2050 yet to be built.
The collaboration includes the development of Building Information Modeling/BIM guidelines for carbon assessment through the World Business Council for Sustainable Development/WBCSD. The plan explores the standardization of whole life carbon data journeys and integrates BIM automation for Whole Life Carbon Assessment methods. It uses AI for decarbonization R&D.
Autodesk Inc. (NASDAQ:ADSK) provides 3D design, engineering, and entertainment technology solutions worldwide. Arup Group Limited is a professional services firm that provides design, engineering, architecture, planning, and advisory services across every aspect of the built environment.
12. Lam Research Corporation (NASDAQ:LRCX)
Number of Hedge Fund Holders: 91
Lam Research Corporation (NASDAQ:LRCX) is one of the best QQQ stocks to buy according to hedge funds. On June 18, B. Riley Securities analyst Craig Ellis raised the price target for Lam Research from $95 to $115, while maintaining a Buy rating on the shares. The adjustment cited ample upside room ahead due to the company’s strong financial targets and robust growth in new product revenue and market share.
In FQ3 2025, the company achieved a revenue of $4.72 billion, which was an 8% increase from the prior quarter. Key revenue compositions for the quarter included Memory at 43%, Foundry at 48%, and Logic and Other at 9%. Regionally, China contributed 31% of the revenue, with Taiwan and Korea each accounting for 24%.
Lam Research demonstrated leadership in virtual fabrication with new licensing agreements for its SEMulator3D platform in the quarter. However, the company experienced a decrease in memory systems revenue, as well as logic and other systems revenue, due to reduced leading-edge spending.
Lam Research Corporation (NASDAQ:LRCX) designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits.
11. Advanced Micro Devices Inc. (NASDAQ:AMD)
Number of Hedge Fund Holders: 97
Advanced Micro Devices Inc. (NASDAQ:AMD) is one of the best QQQ stocks to buy according to hedge funds. On June 18, AMD partnered with Keysight Technologies Inc. (NYSE:KEYS) to advance PCI Express/PCIe 6.0 technology, which is a crucial step for high-speed data transfer and AI application development.
The collaboration involves Keysight providing early access to its PCIe CEM test tools, such as the M8040A 64 GBaud High-Performance BERT and the 59 GHz UXR-Series Oscilloscope, along with pre-compliance software. This enabled AMD to develop and test a PCIe 6.0-capable server motherboard operating at speeds up to 64 GT/s. The advancement was publicly demonstrated for the first time at the PCI-SIG Developers’ Conference held on June 11-12 in Santa Clara, California.
PCIe 6.0 is the latest iteration of the high-speed interface that connects components within servers and computers. It offers faster data transfer rates, lower latency, and improved energy efficiency, with speeds reaching up to 256 GB/s using 16 lanes. These enhancements are critical to deploy advanced AI technologies and next-gen 802.3dj Ethernet communications, which enable efficient AI applications.
Advanced Micro Devices Inc. (NASDAQ:AMD) operates as a semiconductor company and operates through 4 segments: Data Center, Client, Gaming, and Embedded. Keysight Technologies Inc. (NYSE:KEYS) offers electronic design and test solutions worldwide.
10. Booking Holdings Inc. (NASDAQ:BKNG)
Number of Hedge Fund Holders: 102
Booking Holdings Inc. (NASDAQ:BKNG) is one of the best QQQ stocks to buy according to hedge funds. Earlier on June 12, Booking Holdings announced an 8-year extension of its commercial partnership with Etraveli Group.
The collaboration began in 2019 and aims to enhance and accelerate Booking.com’s global flights offering. Currently, Booking.com’s flight service is live in 57 countries worldwide. Etraveli Group is a global technology provider for Flights focused on offering the best possible flight content delivered through flexible tech solutions.
The CEO of Booking Holdings, Glenn Fogel, believes that the extended partnership with Etraveli will deliver the flexible travel experience that travelers now expect. At the same time, the CEO of Etraveli Group, Mathias Hedlund, believes that the collaboration is rooted in shared values, mutual benefit, and a commitment to innovation.
Booking Holdings Inc. (NASDAQ:BKNG) provides online and traditional travel and restaurant reservations and related services in the United States, the Netherlands, and internationally.
9. Tesla Inc. (NASDAQ:TSLA)
Number of Hedge Fund Holders: 104
Tesla Inc. (NASDAQ:TSLA) is one of the best QQQ stocks to buy according to hedge funds. On June 17, it was reported that Tesla is implementing another production halt at its Gigafactory in Texas, which will affect the Model Y and Cybertruck production lines. This shutdown is slated to begin on June 30 and extend through the week of the July Fourth holiday. It will mark the second such pause at the facility in 2 months and the 3rd in the past year.
The production halts come amid mounting pressure on Tesla due to slower demand and increasing inventory levels. Earlier in June this year, reports indicated that Tesla was renting overflow parking lots across the US to store unsold vehicles, which included Cybertrucks. Cybertruck production has already been scaled back in 2025, with sales tracking at about half of the previous year’s figures, despite the introduction of cheaper variants, eligibility for federal tax credits, and increased discounts.
As of March 2025, fewer than 50,000 Cybertrucks had been delivered, and around 10,000 remain unsold across the US. Tesla experienced a 13% year-over-year drop in total deliveries in Q1 2025, which the company attributed partly to the Model Y design refresh causing a production bottleneck. However, current estimates suggest that Q2 2025 deliveries could be down as much as 19% to 20% compared to Q2 2024. The company has been operating most of its global factories at ~60% utilization since 2024.
Tesla Inc. (NASDAQ:TSLA) designs, develops, manufactures, leases, and sells EVs, and energy generation & storage systems in the United States, China, and internationally.
8. Adobe Inc. (NASDAQ:ADBE)
Number of Hedge Fund Holders: 111
Adobe Inc. (NASDAQ:ADBE) is one of the best QQQ stocks to buy according to hedge funds. On June 18, Infosys Limited (NYSE:INFY) and Adobe announced a collaboration to transform the marketing lifecycle of global brands through the integration of AI. This partnership will combine capabilities from Infosys Aster, which is an AI-amplified marketing suite, with Adobe’s technologies to unify customer experience at scale, personalize content for business growth, and streamline workflows.
The joint offering seeks to empower Chief Marketing Officers/CMOs to deliver unified brand experiences across all channels & touchpoints and launch hyper-targeted personalized campaigns with localized content strategies through AI-powered orchestration of marketing tasks. For instance, a communication service provider utilizing Adobe Marketing Cloud with Infosys Aster services saw a 40% increase in digital engagement through in-app experiences and custom-targeted offers.
Sumit Virmani, the EVP and Global Chief Marketing Officer at Infosys, highlighted that AI has rapidly become a navigator for marketers and now helps them scale deeply personalized content and unify brand experiences. At the same time, Anil Chakravarthy, President of Digital Experience Business at Adobe, emphasized the collaboration’s focus on transforming Customer Experience Orchestration by combining creativity, marketing, and AI innovations.
Adobe Inc. (NASDAQ:ADBE) is a technology company that operates through 3 segments: Digital Media, Digital Experience, and Publishing & Advertising. Infosys Limited (NYSE:INFY) provides consulting, technology, outsourcing, and digital services internationally.
7. Netflix Inc. (NASDAQ:NFLX)
Number of Hedge Fund Holders: 150
Netflix Inc. (NASDAQ:NFLX) is one of the best QQQ stocks to buy according to hedge funds. On June 18, The Financial Times’ Daniel Thomas and Hannah Murphy reported that Netflix and the French television network TF1 announced a landmark multi-year agreement to integrate TF1’s linear TV channels and on-demand content directly onto the Netflix platform in France. The partnership was confirmed by a joint press release.
Starting in Summer 2026, all Netflix subscribers in France will be able to access TF1’s five free-to-air channels and 30,000+ hours of content from the TF1+ streaming service at no additional cost to their existing Netflix subscription. This includes popular dramas like Broceliande and soaps such as Demain nous appartient, as well as major live sports events.
TF1 holds exclusive rights to French national team soccer matches until 2028, and is also the home of games involving France’s men’s and women’s teams in International Basketball Federation/FIBA competitions. Additionally, TF1 will broadcast games from the upcoming UEFA Women’s Euro 2025 and the 2025 Women’s Rugby World Cup on Netflix.
Netflix Inc. (NASDAQ:NFLX) provides entertainment services through television series, documentaries, feature films, and games across various genres and languages.
6. Broadcom Inc. (NASDAQ:AVGO)
Number of Hedge Fund Holders: 158
Broadcom Inc. (NASDAQ:AVGO) is one of the best QQQ stocks to buy according to hedge funds. On June 17, Broadcom announced the general availability of VMware Cloud Foundation/VCF 9.0, which marked a significant advancement in its private cloud platform. VCF 9.0 aims to provide a consistent operating model across data centers, edge environments, and managed cloud infrastructure from service providers and hyperscalers.
The new generation of the platform combines the agility and scalability of the public cloud with the security, performance, architectural control, and total cost of ownership/TCO benefits of on-premises environments. VCF 9.0 delivers a unified platform capable of supporting all applications, which refers to traditional, modern, and AI applications, with consistent operations, governance, and controls.
The architecture of VMware Cloud Foundation 9.0 introduces a unified interface for cloud administrators, which includes a Quick Start App to reduce setup time and complexity, integrated cost management, centralized identity and access management, and consolidated log management for faster insights. For developers, VCF 9.0 offers a frictionless cloud consumption experience with a unified interface, simplified infrastructure service delivery, and automated, elastic self-service IaaS services.
Broadcom Inc. (NASDAQ:AVGO) designs, develops, and supplies various semiconductor devices through 2 segments: Semiconductor Solutions and Infrastructure Software.
5. Apple Inc. (NASDAQ:AAPL)
Number of Hedge Fund Holders: 159
Apple Inc. (NASDAQ:AAPL) is one of the best QQQ stocks to buy according to hedge funds. On June 18, Reuters reported that Apple’s Senior Vice President of Hardware Technologies, Johny Srouji, presented a speech at the ITF World Conference in Belgium last month, where he mentioned that Apple is exploring the use of GenAI to accelerate and streamline the design of its custom chips. The chips power the company’s range of devices, such as iPhones, iPads, Mac computers, and the Vision Pro AR headset.
During his speech, Johny Srouji emphasized the role of cutting-edge tools in chip design and highlighted that EDA/electronic design automation companies are critical in supporting Apple’s chip design complexities. He noted the potential of GenAI and stated that GenAI techniques have a high potential in getting more design work done in less time, which can be a huge productivity boost.
Apple has a history of utilizing AI in its chip design workflows for years and has often relied on third-party EDA firms like Cadence Design Systems Inc. (NASDAQ:CDNS) and Synopsys Inc. (NASDAQ:SNPS). These firms have been actively integrating AI and ML into their offerings. For instance, Synopsys has publicly stated that GenAI can facilitate new methods for chip design.
Apple Inc. (NASDAQ:AAPL) designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide.
4. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders: 212
NVIDIA Corporation (NASDAQ:NVDA) is one of the best QQQ stocks to buy according to hedge funds. On June 19, Simply Wall St reported that NVIDIA entered into a collaboration with Tech Soft 3D and a partnership with Dell Technologies and Trend Micro. These alliances are focused on enhancing interoperability and developing AI-powered cybersecurity solutions.
]In FQ1 2026, NVIDIA reported strong financial results, with revenue reaching $44.1 billion, which was up 69% year-over-year. Data Center revenue was particularly strong and reached $39.1 billion, which was up 73%. Gaming revenue also reached a record $3.8 billion, which grew by 42%.
Looking ahead, NVIDIA forecasts revenue for FQ2 to be ~$45.0 billion, plus or minus 2%, which includes an estimated loss of $8 billion in H20 revenue due to export control limitations. NVIDIA incurred a $4.5 billion charge in FQ1 due to excess inventory and purchase obligations of its H20 products, following US government export license requirements to China.
NVIDIA Corporation (NASDAQ:NVDA) is a computing infrastructure company that provides graphics and compute & networking solutions internationally.
3. Meta Platforms Inc. (NASDAQ:META)
Number of Hedge Fund Holders: 273
Meta Platforms Inc. (NASDAQ:META) is one of the best QQQ stocks to buy according to hedge funds. On June 19, Cantor Fitzgerald reaffirmed its Overweight rating for Meta while increasing the price target from $676 to $807. The adjustment was made by analyst Deepak Mathivanan, who signals strong confidence in Meta’s future growth potential.
Meta is now focused on integrating advertisements into WhatsApp’s Updates tab, which improved Mathivanan’s outlook on the company as he believes that the move will unlock new revenue streams for Meta without compromising user experience. He also highlighted new ad formats, such as ‘Promoted Channels’ and ‘Status Ads.’
Mathivanan estimates that if ad adoption reaches even 5% of the current levels seen on Instagram and Facebook, it could substantially impact Meta’s earnings by FY2027. WhatsApp has a user base of over 3 billion monthly users globally, with 82% of monthly users active daily, viewing an average of 50 stories. Given this engagement, even a small increase in ad presence is expected to boost Meta’s earnings shortly.
Meta Platforms Inc. (NASDAQ:META) develops products that enable people to connect and share with friends & family through two segments: Family of Apps (FoA) and Reality Labs (RL).
2. Microsoft Corporation (NASDAQ:MSFT)
Number of Hedge Fund Holders: 284
Microsoft Corporation (NASDAQ:MSFT) is one of the best QQQ stocks to buy according to hedge funds. On June 18, Microsoft and Advanced Micro Devices Inc. (NASDAQ:AMD) announced a multi-year agreement to co-engineer custom silicon for a range of devices, such as Microsoft’s next-generation Xbox consoles.
The partnership aims to enhance visual quality, immersive gameplay, and AI-powered experiences across a flexible hardware lineup, while maintaining full compatibility with existing Xbox game libraries. Xbox President Sarah Bond stated that the collaboration with AMD is focused on advancing the state of the art in gaming silicon to unlock deeper visual quality and AI-enhanced player experiences.
This aligns with details from a May 2022 leaked presentation, which indicated Microsoft’s interest in integrating AI and ML into future Xbox games. The partnership builds upon a long-standing relationship, as AMD has previously supplied chips for earlier Xbox and PlayStation models. Xbox is committed to making Windows the number one platform for gaming.
Microsoft Corporation (NASDAQ:MSFT) develops and supports software, services, devices, and solutions worldwide. Advanced Micro Devices Inc. (NASDAQ:AMD) is a semiconductor company.
1. Amazon.com Inc. (NASDAQ:AMZN)
Number of Hedge Fund Holders: 328
Amazon.com Inc. (NASDAQ:AMZN) is one of the best QQQ stocks to buy according to hedge funds. On June 19, Amazon announced that the company will invest $233 million in its India operations in 2025. The move underscores Amazon’s commitment to capturing a larger share of India’s rapidly expanding e-commerce market. The investment will enhance infrastructure, improve delivery speeds & efficiency, and prioritize employee safety, all while integrating cutting-edge technology into its fulfillment network.
The investment is dedicated to expanding and upgrading Amazon’s physical and technological infrastructure across India, such as the launch of new fulfillment sites and upgrades across existing facilities throughout the company’s pan-India network in both urban and rural areas. Amazon is also implementing new safety programs and initiatives to protect its workforce in India’s labor-intensive logistics sector.
India is a pivotal market in Amazon’s global expansion strategy due to its population and digitizing economy. The current investment builds on previous commitments, like the pledge to invest $26 billion in India by 2030, which was announced earlier in June 2023 after CEO Andy Jassy met with Prime Minister Narendra Modi. AWS, the company’s cloud computing unit, has also committed substantial investments, including $8.2 billion by the end of 2030, with two data centers already operational in Mumbai since 2016 and Hyderabad since 2022.
Amazon.com Inc. (NASDAQ:AMZN) engages in the retail sale of consumer products, advertising, and subscription services through online and physical stores in North America and internationally.
While we acknowledge the potential of AMZN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AMZN and that has 100x upside potential, check out our report about the cheapest AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
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