15 Best Innovative Stocks to Buy Now

Published on January 10, 2024 at 11:58 am by Ramish Cheema in Hedge Funds, News

In this piece, we will take a look at the 15 best innovative stocks to buy now. If you want to skip our introduction to what innovation is all about and why it’s the most rewarded trait on the stock market, then you can take a look at the 5 Best Innovative Stocks to Buy Now.

Innovation is at the heart of human progress and share price growth. Firms that find unique solutions to business problems or customer needs end up improving their operational efficiency and creating new revenue streams. This leads to more return per dollar for a shareholder than would have been possible through other investment vehicles, in a self sustaining system that requires adept managers to dot all the i’s.

When we look at some of the biggest companies in the world, such as Apple Inc. (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT), Meta Platforms, Inc. (NASDAQ:META), Tesla, Inc. (NASDAQ:TSLA), Intel Corporation (NASDAQ:INTC), and NVIDIA Corporation (NASDAQ:NVDA), Amazon.com, Inc. (NASDAQ:AMZN), and Alphabet Inc. (NASDAQ:GOOG), one fact is clear. All of these companies created new manufacturing technology, platforms, products, and tools that were not present at scale in their industries.

Apple’s example is worth a look here. Over the past decade, Apple’s revenue has grown by 124%, providing its dividend shareholders with excellent value for their capital that is re-invested in the company through retained earnings. Apple had bled $1.8 billion in net losses during its fiscal years ending in the September of 1996 and 1997. Now, it’s the world’s most profitable non-state-owned company that generated $96.9 billion in profit during its previous fiscal year. Apple’s success in the business world is attributed to its unique product design and the uncanny ability of its founder Steve Jobs to figure out key customer pain points before rival firms could catch on. The ability to design the right product and market it blends with the firm’s complex supply chain that covers 50 countries and saw more than eight hundred independent assessments in 2022.

However, while Apple’s shares and revenue are right at the top of the global food chain when it comes to innovation leading to triple digit growth, it is Tesla that is dominating the innovation space right now. The firm’s revenue has grown by 826% on an absolute basis since 2010, since the market that it caters to is simply too big for Tesla to ever capture. Millions of cars roam the roads every day, and while it’s easy to get an internal combustion (IC) car for low prices, a Tesla often costs tens of thousands of dollars. The lower cost market is a key Tesla objective, and its triple digit revenue growth is explained by the firm’s innovation in manufacturing and mass producing a fundamentally different product in the market.

While most companies on our list so far are mega-cap stocks, the one firm that isn’t is Intel. Intel is the world’s biggest processor company that designs and manufactures its own chips. This has been the case for quite some time now, and despite multiple slippages over the past decade, Intel still dominates simply due to its early found ability to double computing power every new processor generation. This ability enabled it to cement a market share right when computers were becoming powerful, and today, Intel is a corporate giant that controls the majority of x86 processor markets.

Looking at these companies, it’s clear that innovation is indispensable when aiming for success in the business world. Today, we’ll look at which innovative companies are on hedge funds’ radar and the notable picks are Amazon.com, Inc. (NASDAQ:AMZN), Microsoft Corporation (NASDAQ:MSFT), and Meta Platforms, Inc. (NASDAQ:META).

turtix / Shutterstock.com

Our Methodology

For our list of the best innovative stocks to buy, we ranked the top 30 holdings of the First Trust Innovation Leaders ETF (ILDR) by the number of hedge funds that had bought their shares as of Q3 2023 end. Out of these, the stocks with the highest number of hedge fund investors were selected.

For these stocks we have also mentioned hedge fund sentiment. Hedge funds’ top 10 consensus stock picks outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here). That’s why we pay very close attention to this often-ignored indicator.

Best Innovative Stocks to Buy Now

15. Arista Networks, Inc. (NYSE:ANET)

Number of Hedge Fund Investors During Q3 2023: 59

Arista Networks, Inc. (NYSE:ANET) is a hardware company that sells equipment used in networking and connectivity systems. Despite less than two weeks having passed in 2024, its shares are in for some great news as not only did Morgan Stanley keep an Overweight rating on the 2nd, but Melius Research also upgraded the rating to Buy from Hold six days later.

As of Q3 2023 end, 59 out of the 910 hedge funds part of Insider Monkey’s database had bought and owned Arista Networks, Inc. (NYSE:ANET)’s shares. Steve Cohen’s Point72 Asset Management was the biggest shareholder among these as it owned $314 million worth of shares.

Along with Microsoft Corporation (NASDAQ:MSFT), Amazon.com, Inc. (NASDAQ:AMZN), and Meta Platforms, Inc. (NASDAQ:META), Arista Networks, Inc. (NYSE:ANET) is a top innovative stock with strong hedge fund interest.

14. CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Number of Hedge Fund Investors During Q3 2023: 69

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is a software and data center services provider that allows customers to secure their technical workloads, manage data, and maintain records. It’s one of the most strongly rated stocks on our list, and started off 2024 with an Outperform rating from Morgan Stanley. The shares are rated Strong Buy on average and the average share price target is $258.

During last year’s third quarter, 69 out of the 910 hedge funds profiled by Insider Monkey were the firm’s investors. CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s largest hedge fund investor is Jim Simons’ Renaissance Technologies due to its $279 million stake.

13. Workday, Inc. (NASDAQ:WDAY)

Number of Hedge Fund Investors During Q3 2023: 77

Workday, Inc. (NASDAQ:WDAY) is a cloud computing that allows businesses to maintain and manage their payroll and other records. 2023 was a great year for the stock as the shares gained more than 70% on the market. The gain is also unsurprising since Workday, Inc. (NASDAQ:WDAY)’s third quarter earnings released in November 2023 saw the firm not only beat analyst revenue and EPS estimates but also upgrade its subscription revenue guidance for the full fiscal year.

Insider Monkey dug through 910 hedge fund holdings for 2023’s September quarter and found that 77 had held a stake in Workday, Inc. (NASDAQ:WDAY). Andreas Halvorsen’s Viking Global is the firm’s biggest shareholder among these as it owns $1.1 billion worth of shares.

12. Datadog, Inc. (NASDAQ:DDOG)

Number of Hedge Fund Investors During Q3 2023: 83

Datadog, Inc. (NASDAQ:DDOG) is a unique software company whose products enable users to operate, monitor, and maintain their cloud computing platforms. Its shares surged by 28% in November 2023 after a strong third quarter earnings report beat analyst estimates. Datadog, Inc. (NASDAQ:DDOG) posted 45 cents in EPS, nine cents higher than the analyst estimate.

For their third quarter of 2023 shareholdings, 83 out of the 910 hedge funds covered by Insider Monkey’s research were the firm’s investors. Datadog, Inc. (NASDAQ:DDOG)’s largest stakeholder out of these is Paul Marshall and Ian Wace’s Marshall Wace LLP due to its $282 million investment.

11. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Investors During Q3 2023: 87

Broadcom Inc. (NASDAQ:AVGO) is a specialized semiconductor designer that focuses on developing signals management and associated products. Its highly hyped VMware acquisition, which closed in November 2023, might have come at just the right time due to VMware’s ability to consolidate multiple cloud platforms under a single roof that can create new opportunities in the A.I. era.

Insider Monkey scoured through 910 hedge fund portfolios for last year’s third quarter and found that 87 had held a stake in Broadcom Inc. (NASDAQ:AVGO). Ken Fisher’s Fisher Asset Management was the biggest investor courtesy of its $1.7 billion stake.

10. Oracle Corporation (NYSE:ORCL)

Number of Hedge Fund Investors During Q3 2023: 88

Oracle Corporation (NYSE:ORCL) is a major global enterprise resource planning software provider. While its latest quarterly results were disappointing on the cloud computing front, Oracle Corporation (NYSE:ORCL) started January 2024 on a strong note as it expanded its database collaboration with Microsoft to bring Microsoft Azure customers to its products as well.

During 2023’s Q3, 88 out of the 910 hedge funds covered by Insider Monkey’s research had invested in the firm. Oracle Corporation (NYSE:ORCL)’s largest hedge fund shareholder is Ken Fisher’s Fisher Asset Management since it owns 18.7 million shares that are worth $1.9 billion.

9. ServiceNow, Inc. (NYSE:NOW)

Number of Hedge Fund Investors During Q3 2023: 99

ServiceNow, Inc. (NYSE:NOW) is a diversified American software company that enables businesses and other organizations to manage their daily work, information technology operations, and other areas. The shares are rated Strong Buy on average and analysts have set an average share price target of $701.

By the end of last year’s third quarter, 99 out of the 910 hedge funds surveyed by Insider Monkey were ServiceNow, Inc. (NYSE:NOW)’s investors. Rajiv Jain’s GQG Partners was the biggest investor due to its $831 million investment.

8. Thermo Fisher Scientific Inc. (NYSE:TMO)

Number of Hedge Fund Investors During Q3 2023: 109

Thermo Fisher Scientific Inc. (NYSE:TMO) is an American scientific and medical research laboratory equipment and associated products provider. 2024 started on a disappointing note for the firm’s investors as Bernstein downgraded the shares to Market Perform from Outperform. Year to date though the stock is up by a modest 2%.

As September 2023 ended, 109 out of the 910 hedge funds tracked by Insider Monkey’s research were the firm’s shareholders. Thermo Fisher Scientific Inc. (NYSE:TMO)’s largest investor is Chris Hohn’s TCI Fund Management courtesy of its $1.6 billion stake.

7. Uber Technologies, Inc. (NYSE:UBER)

Number of Hedge Fund Investors During Q3 2023: 146

Uber Technologies, Inc. (NYSE:UBER) is a well-known ride sharing services provider. 2024 is proving to be a very important year for the company after the Biden administration’s latest rules for gig workers. These rules change the criteria that companies can use to classify workers as contractors, and they could require large players such as Uber Technologies, Inc. (NYSE:UBER) to shake up their way of doing business.

Insider Monkey scoured through 910 hedge fund holdings for their third quarter of 2023 shareholdings and found 146 Uber Technologies, Inc. (NYSE:UBER) investors. Brad Gerstner’s Altimeter Capital Management was the biggest shareholder as it held a $613 million stake.

6. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Investors During Q3 2023: 163

Alphabet Inc. (NASDAQ:GOOG) is one of the biggest technology companies in the world. After exiting 2023 with a multitude of legal woes involving its application store and search engine products, Alphabet Inc. (NASDAQ:GOOG) is starting 2024 by facing a jury in Boston to decide whether it had violated a computer scientist’s patents in running A.I. workloads.

By the end of Q3 2023, 163 out of the 910 hedge funds covered by Insider Monkey’s research had invested in the firm. Alphabet Inc. (NASDAQ:GOOG)’s largest investor is Ken Fisher’s Fisher Asset Management as it holds $5.7 billion worth of shares.

Alphabet Inc. (NASDAQ:GOOG), Amazon.com, Inc. (NASDAQ:AMZN), Microsoft Corporation (NASDAQ:MSFT), and Meta Platforms, Inc. (NASDAQ:META) are some best innovative stocks to buy.

Click here to continue reading and check out 5 Best Innovative Stocks to Buy Now.

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Published on June 23, 2025 at by Inan Dogan, PhD

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
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Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

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AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

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And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

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Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

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15 Best Innovative Stocks to Buy Now

Published on January 10, 2024 at 11:58 am by Ramish Cheema in Hedge Funds, News

Best Innovative Stocks to Buy Now

15. Arista Networks, Inc. (NYSE:ANET)

14. CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

13. Workday, Inc. (NASDAQ:WDAY)

12. Datadog, Inc. (NASDAQ:DDOG)

11. Broadcom Inc. (NASDAQ:AVGO)

10. Oracle Corporation (NYSE:ORCL)

9. ServiceNow, Inc. (NYSE:NOW)

8. Thermo Fisher Scientific Inc. (NYSE:TMO)

7. Uber Technologies, Inc. (NYSE:UBER)

6. Alphabet Inc. (NASDAQ:GOOG)

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Published on June 23, 2025 at by Inan Dogan, PhD

Here’s why this is a deal you can’t afford to pass up:

A New Dawn is Coming to U.S. Stocks

Published on June 13, 2025 at by Insider Monkey Staff

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15 Best Innovative Stocks to Buy Now

Published on January 10, 2024 at 11:58 am by Ramish Cheema in Hedge Funds, News

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Best Innovative Stocks to Buy Now

15. Arista Networks, Inc. (NYSE:ANET)

14. CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

13. Workday, Inc. (NASDAQ:WDAY)

12. Datadog, Inc. (NASDAQ:DDOG)

11. Broadcom Inc. (NASDAQ:AVGO)

10. Oracle Corporation (NYSE:ORCL)

9. ServiceNow, Inc. (NYSE:NOW)

8. Thermo Fisher Scientific Inc. (NYSE:TMO)

7. Uber Technologies, Inc. (NYSE:UBER)

6. Alphabet Inc. (NASDAQ:GOOG)

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AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Published on June 23, 2025 at by Inan Dogan, PhD

Here’s why this is a deal you can’t afford to pass up:

A New Dawn is Coming to U.S. Stocks

Published on June 13, 2025 at by Insider Monkey Staff