14 Best IT Stocks to Buy for the Long Term

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1. NVIDIA Corporation (NASDAQ:NVDA)

5-Year Revenue Growth: 66.01%

Number of Hedge Fund Holders: 212

NVIDIA Corporation (NASDAQ:NVDA) is one of the 14 Best IT Stocks to Buy for the Long Term.

On August 18, 2025, Cantor Fitzgerald raised its price target on NVIDIA Corporation (NASDAQ:NVDA) from $200 to $240, maintaining an ‘Overweight’ rating. This target revision reflects growing demand for AI compute.

Thanks to growing momentum in the Blackwell ramp-up, the investment firm expects the company’s earnings trajectory to re-accelerate, helping the analyst project strong upside into the October quarter and beyond. Meanwhile, Cantor expressed growing confidence in NVIDIA Corporation (NASDAQ:NVDA)’s ability to achieve $200-$300 billion in Data Center revenues between 2025 and 2026. Accordingly, the investment firm expects earnings per share of $8 by 2026.

NVIDIA Corporation (NASDAQ:NVDA) powers AI, data centers, and digital experiences globally with its advanced graphics, computing, and networking solutions. It is one of the best IT stocks.

While we acknowledge the potential of NVDA 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 NVDA and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 12 Cheap Value Stocks to Buy Now According to Seth Klarman and 13 Hot Oil Stocks to Buy Now.

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