In this article, we cover the 13 Best Tech Stocks to Buy for the Long Term.
Technology stocks have powered US equity markets to record highs amid simmering concerns about spending on artificial intelligence infrastructure. However, there are growing concerns over whether the momentum will continue as premium valuations come to bite.
Sam Altman, the CEO of OpenAI, the owner of ChatGPT, has already warned that valuations remain “insane.”
Ipek Ozkardeskaya, a senior analyst at the currency trading firm Swissquote, said: “The [Altman] comments may have been a wake-up call for investors, sparking a sharp pullback in high-flying names.”
While the wave of investment in AI by technology giants is insane, warning bells are starting to ring. A recent report from the Massachusetts Institute of Technology reveals that 95% of companies investing in AI have not yet realized any financial gains. The statistic raises serious concerns about the current effectiveness and ROI of AI adoption in the corporate world.
Amid concerns about valuation and AI spending, strategists at Morgan Stanley and Goldman Sachs remain confident of further gains heading into year-end. Strategists anticipate that potential interest rate cuts will drive further increases in stock prices. Sharing similar sentiments are strategists at JPMorgan.
“This current bull market feels unstoppable with new support forming as former tent poles weaken,” JPMorgan strategists wrote.
Wedbush Securities’ Technology Research Global head, Daniel Ives, insists that any pullback in technology stocks is simply a buying opportunity. Ives expects the Bull Run to gather momentum in the second half of the year and continue into next year, given the ongoing Fourth Industrial Revolution.
Our Methodology
To compile the list of the best tech stocks to buy for the long term, we used Finviz Screener. We scanned for technology stocks that have generated revenue growth of more than 15% over the past 5 years. We also analyzed their performance over the past 3 years years and how popular they are among elite hedge funds (as of Q2 2025). Finally, we ranked the stocks in ascending order based on the number of hedge funds that hold stakes in them.
Why are we interested in the stocks that hedge funds pile into? The reason is straightforward: our research has demonstrated that we can outperform the market by replicating 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).
Best Tech Stocks to Buy for the Long Term
13. Zscaler Inc. (NASDAQ:ZS)
3-Year Performance: 93.92%
5-Year Revenue Growth: 44.03%
Number of Hedge Fund Holders: 60
Zscaler Inc. (NASDAQ:ZS) is one of the best tech stocks to buy for the long term. On September 9, analysts at Truist Securities reiterated a ‘Buy’ rating on the stock and a $350 price target. The positive stance follows meetings with the leadership team, during which growth in the emerging business segment was reiterated.
The management team also reiterated the company’s long-term platform strategy, even as it focuses on the Zero Trust Branch Offering. The Z-Flex licensing model, introduced less than two quarters ago, has emerged as a key growth driver due to its commitment-based subscription model, as opposed to the consumption or enterprise model.
In the fourth quarter of fiscal 2025, the Z-Flex program secured over $100 million in total contract value bookings, representing a 50% quarter-over-quarter increase. The increase was the catalyst behind Zscaler posting revenue of $719 million above consensus estimates of $706.95 million.
Zscaler Inc. (NASDAQ:ZS) is a cloud-based cybersecurity company that provides a Zero Trust Exchange platform to securely connect users, devices, and applications by replacing traditional network security with cloud-delivered services. It offers solutions that enable secure internet access and application connectivity for distributed workforces, eliminating the need for physical hardware.
12. Crowdstrike Holdings Inc. (NASDAQ:CRWD)
3-Year Performance: 144.85%
5-Year Revenue Growth: 52.37%
Number of Hedge Fund Holders: 66
Crowdstrike Holdings Inc. (NASDAQ:CRWD) is one of the best tech stocks to buy for the long term. On September 8, Truist Securities reiterated a ‘Buy’ rating on the stock and a $500 price target. The positive stance follows the stock’s impressive run, marked by a 71% gain over the past year.
Truist Securities remains bullish about the company’s prospects following a meeting with CFO Burt Podbere. The executive reiterated optimism about growth in the second half of the year, supported by acceleration in net new annual recurring revenue. The increase will be driven by the strength of emerging businesses and the effectiveness of the Flex licensing model.
CrowdStrike aims to achieve $10 billion in total annual recurring revenue by 2031. Consequently, it remains open to mergers and acquisitions as it looks to unlock new growth opportunities and expand its footprint.
Crowdstrike Holdings Inc. (NASDAQ:CRWD) is a global cybersecurity company providing cloud-delivered protection for endpoints, cloud workloads, identity, and data through its AI-powered Falcon platform. The company focuses on stopping cyberattacks and breaches by collecting and integrating data across an enterprise and offering various cloud modules via a subscription-based software-as-a-service (SaaS) model.
11. Shopify Inc. (NASDAQ:SHOP)
3-Year Performance: 361.98%
5-Year Revenue Growth: 41%
Number of Hedge Fund Holders: 69
Shopify Inc. (NASDAQ:SHOP) is one of the best tech stocks to buy for the long term. On September 10, Shopify Inc. announced that Chief Operating Officer and VP of Product Kasra Nejatian will depart the company on September 12 after six years of service.
Nejatian joined Shopify in September 2019 as VP and GM of Shopify Money, later rising to Chief Operating Officer in 2022. Over six years, he played a key role in expanding merchant services and product development. Shopify acknowledged his contributions and confirmed that CEO Tobi Lütke will remain focused on product strategy, supported by the executive team to ensure a smooth transition.
Nejatian’s exit coincides with his appointment as CEO of Opendoor Technologies, following Carrie Wheeler’s resignation amid investor pressure. Co-founder Keith Rabois will also return as chairman, signaling a strategic shift for the real estate tech firm.
Shopify Inc. (NASDAQ:SHOP) is a leading global commerce platform that provides the digital infrastructure and tools needed to launch, grow, and manage retail businesses of any size. Designed for speed, flexibility, and security, it supports seamless shopping experiences across online, in-store, and mobile channels. Trusted by millions of merchants in over 175 countries—including brands like SKIMS, Supreme, Meta, and BarkBox—Shopify continues to redefine how businesses connect with customers worldwide.
10. Workday, Inc. (NASDAQ:WDAY)
3-Year Performance: 43.23%
5-Year Revenue Growth: 18.37%
Number of Hedge Fund Holders: 76
Workday, Inc. (NASDAQ:WDAY) is one of the best tech stocks to buy for the long term. On September 9, Needham reiterated a Buy rating and a $300 price target. The research firm remains bullish about the company even as it expects it to lower its fiscal year 2027 subscription revenue growth from 15% to 13%.
The research firm attributes the expected slower growth rate to slowdowns in Enterprise Resource Planning (ERP) migrations. Amid the expected slower growth, Needham expects Workday to raise its operating margin target from the current 30%.
The firm has also echoed Workday’s long-term strategy of focusing on revitalizing growth through the integration of artificial intelligence and pursuing strategic partnerships.
Workday, Inc. (NASDAQ:WDAY) is a technology company that provides cloud-based software (SaaS) for businesses to manage their finance and human resources functions, including financial management, human capital management (HCM), planning, and payroll.
9. Palo Alto Networks Inc. (NASDAQ:PANW)
3-Year Performance: 117.43%
5-Year Revenue Growth: 22.03%
Number of Hedge Fund Holders: 77
Palo Alto Networks Inc. (NASDAQ:PANW) is one of the best tech stocks to buy for the long term. On September 4, the company’s CEO, Nikesh Arora, reiterated that the company is facing a robust cybersecurity landscape. Consequently, it has set a goal to achieve $15 billion in annual recurring revenue by 2029 and 2030.
In the race for $15 billion in ARR, the company has shifted towards enhancing its artificial intelligence security portfolio to take advantage of the emerging opportunities. Part of the plan entails integrating AI capabilities into existing products to strengthen their competitive edge. In addition, Palo Alto Networks is developing an AI discovery product to manage AI models within enterprises.
The acquisition of CyberArk has strengthened Palo Alto Networks’ prospects as a multi-swim lane cybersecurity firm. The acquisition’s customer base of 8 million endpoints continues to present expansion opportunities. The CEO expects CyberArk to play a key role in helping the company achieve its $15 billion ARR estimate and propel it to a $100 billion entity.
Palo Alto Networks Inc. (NASDAQ:PANW) provides AI-powered, integrated cybersecurity solutions to protect against cyber threats by offering platforms for network security, cloud security, and security operations. Their offerings include hardware and software firewalls, cloud-based security services, AI-driven threat detection and response tools, and security management platforms, all designed to secure applications, data, clouds, and devices for businesses and governments globally.
8. Palantir Technologies Inc. (NASDAQ:PLTR)
3-Year Performance: 2067.69%
5-Year Revenue Growth: 31.01%
Number of Hedge Fund Holders: 78
Palantir Technologies Inc. (NASDAQ:PLTR) is one of the best tech stocks to buy for the long term. On September 4, analysts at William Blair reiterated a ‘Market Perform’ rating on the stock. The positive stance comes as the research firm remains confident about underlying growth.
William Blair expects Palantir to deliver a 103% growth in its commercial business for the September quarter. It expects the growth momentum to continue as OpenAI is not negatively impacting it. The fact that the company has already secured contracts in the September quarter underscores strong demand with larger programs in the pipeline.
Palantir is hosting its eighth AIPCon event, showcasing applications in the hands of over 70 US customers, which affirm its competitive edge and strong demand. In recent years, it has inked a deal for the integration of Foundry and an Artificial Intelligence Platform across Lumen Technologies’ operations.
Palantir Technologies Inc. (NASDAQ:PLTR) is a software company that builds platforms for human-driven analysis of complex data. Its technology enables users to integrate and analyze vast datasets from various sources, gaining actionable insights that are utilized in diverse applications.
7. Snowflake Inc. (NYSE:SNOW)
3-Year Performance: 30.27%
5-Year Revenue Growth: 68.78%
Number of Hedge Fund Holders: 100
Snowflake Inc. (NYSE:SNOW) is one of the best tech stocks to buy for the long term. On September 8, the company affirmed its transformation from a data warehousing company to a comprehensive data analysis and AI platform.
The sentiments expressed at the Goldman Sachs Communicopia + Technology Conference 2025 signal the company’s transition into a full-fledged data and AI platform, aiming to rival tech giants. Consequently, Snowflake is continually innovating new products, such as Snowflake Intelligence and AI SQL, as part of its transition strategy.
The company is offering solutions that help enterprises unlock their potential with data and AI. Its solutions also allow users to access sales information and perform complex queries without the need for analysts. The acquisition of Crunchy Data has already strengthened Snowflake’s capabilities in hosting transactional data.
Snowflake Inc. (NYSE:SNOW) offers a cloud-based data platform that enables organizations to store, manage, analyze, and securely share data across multiple cloud providers. It functions as a fully managed, cloud-native data warehouse, providing tools for data engineering, analytics, AI, and application development.
6. Datadog, Inc. (NASDAQ:DDOG)
3-Year Performance: 44.60%
5-Year Revenue Growth: 49.22%
Number of Hedge Fund Holders: 103
Datadog, Inc. (NASDAQ:DDOG) is one of the best tech stocks to buy for the long term. At Citi’s 2025 Global TMT Conference on September 3, CFO David Obstler reiterated that the company is experiencing robust growth driven by AI-native companies.
The robust growth stems from the company’s increasing focus on strategic initiatives in artificial intelligence and cybersecurity. Consequently, AI initiatives have contributed to 10% of the company’s underlying growth. The growth has occurred in eight of the ten largest AI tool companies, which have leveraged their solutions.
In addition, the executive reiterated that Datadog is pursuing growth opportunities in international markets, with a focus on India and Brazil. As part of the expansion drive, Datadog is also integrating new technologies to maintain its competitive edge. Part of the strategy entails enhancing Cloud SIEM, service management, and product analytics.
Datadog, Inc. (NASDAQ:DDOG) is a technology company that provides a cloud-based platform for observability and security. It also offers tools for infrastructure monitoring, application performance monitoring (APM), log management, real-user monitoring, and security.
5. ServiceNow, Inc. (NYSE: NOW)
3-Year Performance: 116.85%
5-Year Revenue Growth: 25.99%
Number of Hedge Fund Holders: 106
ServiceNow, Inc. (NYSE:NOW) is one of the best tech stocks to buy for the long term. The company has demonstrated strong revenue growth of 21% over the past 12 months, supported by solid profit margins of 78.5%. Consequently, on September 8, analysts at Truist Securities reiterated a ‘Buy’ rating on the stock and a $1,200 price target.
According to the research firm, the heightened adoption of artificial intelligence is not in any way threatening the company’s seat-based growth model. Therefore, it maintains the buy rating as the company is not experiencing a reduction in seat counts among its customers. The company has already adjusted its internal hiring processes to leverage the efficiencies of AI.
The remarks come as ServiceNow agrees with the US General Services Administration to promote AI-driven modernization across federal agencies. In Brazil, it has already teamed up with SENAI-SP on the launch of a statewide AI skills training program.
ServiceNow, Inc. (NYSE:NOW) provides an AI-powered digital workflow platform that helps organizations automate tasks, improve operational efficiency, and unify experiences across departments like IT, customer service, and human resources. Its solutions allow businesses to digitize workflows, enhance productivity, and deliver better services to both employees and customers.
4. Advanced Micro Devices, Inc. (NASDAQ:AMD)
3-Year Performance: 89.26%
5-Year Revenue Growth: 30.81%
Number of Hedge Fund Holders: 113
Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the best tech stocks to buy for the long term. On September 9, HSBC reiterated a ‘Buy’ rating on the stock but cut its price target to $185 from $200. The price target cut comes amid concerns about the average selling price of the company’s M1355 chip.
According to HSBC, the price target cut was necessitated by the fact that the average selling price of AMD’s M1355 chip would be $23,000, down from the previous $25,000 per unit. The lower average selling price has prompted HSBC to lower its 2026 AI GPU revenue from $15.1 billion to $13.9 billion.
Despite the reduced AI GPU revenue estimate due to a lower average selling price, it is still 20% above consensus estimates. Likewise, HSBC insists Wall Street is underestimating AMD’s AI GPU business despite the slight price revision.
Additionally, HSBC anticipates that AMD will benefit from major cloud service providers, including Meta, Microsoft, and Oracle, as they begin testing its M1400 rack solution. The push is expected to diversify the company’s revenue base.
Advanced Micro Devices Inc. (NASDAQ:AMD) is a semiconductor company that designs and develops high-performance computing and visualization products, including CPUs, GPUs, and adaptive computing solutions. Its technologies are used in PCs, gaming, data centers, and embedded systems to advance markets such as artificial intelligence (AI), cloud computing, and others.
3. Uber Technologies Inc. (NYSE:UBER)
3-Year Performance: 230.05%
5-Year Revenue Growth: 27.60%
Number of Hedge Fund Holders: 152
Uber Technologies Inc. (NYSE:UBER) is one of the best tech stocks to buy for the long term. On September 8 at the Goldman Sachs Communicopia + Technology Conference 2025, CEO Dara Khosrowshahi highlighted the company’s platform evolution and growth strategies.
According to the CEO, the tech company is experiencing promising growth and a higher level of engagement, despite facing challenges as it expands into less densely populated markets. Part of the strategy involves integrating mobility and delivery services, with a third of delivery trips originating from its mobility app.
In addition, the company is experiencing impressive traction with Uber One membership, where members are spending three times more than non-members. Looking to the future, Uber plans several deployments of its autonomous vehicles in the US and internationally. It also plans to expand its grocery service with a 35% increase in selection in the US. Strategic partnership with the likes of Waymo is expected to expand its addressable market.
Uber Technologies Inc. (NYSE:UBER) is a technology company that connects riders with drivers through a mobile app for on-demand rides, and also offers food and grocery delivery services, as well as logistics for businesses. It operates as a global platform facilitating personal and business transportation, as well as deliveries.
2. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)
3-Year Performance: 207.35%
5-Year Revenue Growth: 21.09%
Number of Hedge Fund Holders: 187
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the best tech stocks to buy for the long term. On September 4, Bernstein reiterated that it expects TSMC’s earnings per share to grow by 35% this year and then by a compound annual growth rate of 23% through 2027. It also predicts the company’s revenues to grow 33% better than the company’s guidance of 30% growth.
The estimates come as the research firm raised its price target for the semiconductor foundry giant to NT$1,444, citing stronger-than-expected demand for artificial intelligence. Additionally, Bernstein has highlighted the ongoing recovery in non-AI markets, which present opportunities for growth.
Bernstein expects accelerated AI adoption to more than double the company’s revenue this year. The growth will come as US capacity becomes more valuable under the tariff regime. Pricing power advantages will also help offset investment needs and foreign exchange headwinds.
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)is the world’s leading dedicated semiconductor foundry, manufacturing integrated circuits (ICs) or chips for other companies that design them but don’t have their own factories.
1. NVIDIA Corporation (NASDAQ: NVDA)
3-Year Performance: 1125.23%
5-Year Revenue Growth: 64.24%
Number of Hedge Fund Holders: 235
NVIDIA Corporation (NASDAQ:NVDA) is one of the best tech stocks to buy for the long term. On September 9, the company unveiled the NVIDIA Rubin CPX, a new graphics processing unit specifically designed for massive context processing.
The new GPU is specifically designed to handle million token software coding. It is intended to mark another milestone in artificial intelligence computing, as it is designed for a massive AI context. Consequently, it is poised to transform AI coding assistants from simple code generation tools to sophisticated systems that can be used for large-scale software projects.
“With NVIDIA Rubin CPX, Cursor will be able to deliver lightning-fast code generation and developer insights, transforming software creation,” said Michael Truell, CEO of Cursor. “This will unlock new levels of productivity and empower users to ship ideas once out of reach.”
NVIDIA Corporation (NASDAQ:NVDA) is a technology giant that specializes in GPU-accelerated computing, creating hardware and software for gaming, professional visualization, data centers, and the automotive market. Its GPUs, or graphics processing units, are revolutionizing computing and AI.
While we acknowledge the potential of NVIDIA Corporation (NASDAQ:NVDA) as an investment, 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 NVDA and that has 100x upside potential, check out our report about this cheapest AI stock.
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