In this article, we will look at the 15 Best NASDAQ Stocks to Buy and Hold for 3 Years.
On June 5, Fundstrat’s Tom Lee appeared on CNBC’s ‘Closing Bell’ to talk about factors that are dragging the market lower into the end of the week.
He stated that AI companies are building huge real estate infrastructures that are not fully funded today, and that is why not only will SpaceX need to raise more money beyond its IPO, but also OpenAI, Anthropic, and, of course, Meta and Google. However, Lee believes that they are showing a lot of promise in their investment today, as there have been significant breakthroughs. According to him, investors are going to give them grace.
READ ALSO: 10 Best Cheap Stocks to Buy for Beginners AND Top 10 Cheap Stocks With Strong Buy Ratings on Wall Street.
Talking further about the market, Lee said that the memory stocks were down, but they are back to where they were eight days ago. He believes that the market did have a parabolic lift in the last month, and now there is some “sobering” taking place since expectations are higher. He does not, however, see this as the start of a broader correction yet, but he does believe that later this year, there is going to be something that feels like a bear market.
With these broader market trends in view, let’s look at the best NASDAQ stocks to buy and hold for 3 years.
Our Methodology
We used the Finviz screener to identify NASDAQ stocks that are forecasted to grow their earnings by over 20% annually in the next 3-5 years. We then limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds.
Note: All data was recorded on June 5.
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. Insider Monkey’s quarterly newsletter strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).
15 Best NASDAQ Stocks to Buy and Hold For 3 Years
15. Arm Holdings plc (NASDAQ:ARM)
Number of Hedge Fund Holders: 46
Arm Holdings plc (NASDAQ:ARM) is one of the best NASDAQ stocks to buy and hold for 3 years. Mizuho lifted the price target on Arm Holdings plc (NASDAQ:ARM) to $500 from $425 on June 4, maintaining an Outperform rating on the shares. It told investors in a research note that the company’s agentic AI tailwinds are accelerating as its platform expands with Oracle and ByteDance. The firm believes that Arm Holdings plc (NASDAQ:ARM) could pull in $15 billion in agentic AI infrastructure central processing unit revenue by fiscal 2031 and raised the company’s estimates.
For reference, Arm Holdings plc’s (NASDAQ:ARM) fiscal Q4 2026 quarterly earnings marked the company’s highest quarterly revenue ever, with the third straight year of 20%+ revenue growth. Its revenue for the quarter reached $1.49 billion, while full-year revenue was $4.92 billion. The company also delivered record full-year royalty revenue of $2.61 billion alongside Q4 revenue at $671 million, driven by growth across Edge AI, smartphones, Physical AI, and Cloud AI, where data center royalties more than doubled year-over-year.
Arm Holdings plc (NASDAQ:ARM) is involved in the licensing, research, marketing, and development of systems IP, microprocessors, graphics processing units, physical IP and associated systems IP, software, and tools. Its operations are divided into the following geographical segments: the United Kingdom, the United States, and Other Countries.
14. Flex Ltd. (NASDAQ:FLEX)
Number of Hedge Fund Holders: 59
Flex Ltd. (NASDAQ:FLEX) is one of the best NASDAQ stocks to buy and hold for 3 years. Barclays lifted the price target on Flex Ltd. (NASDAQ:FLEX) to $203 from $174 on June 4 and maintained an Overweight rating on the shares. The firm raised the price target on the stock after analysing the company’s AI and other business segments.
In its financial results for the fourth quarter and fiscal year ended March 31, 2026, Flex Ltd. reported fiscal Q4 net sales of $7.5 billion, and full-year net sales of $27.9 billion, up 17% and 8%, respectively, compared to the prior year. It delivered a GAAP operating margin of 5.0% for the quarter, and an adjusted operating margin of 6.7%, marking its sixth consecutive quarter with an adjusted operating margin of 6% or greater.
Flex Ltd. further reported that it delivered a full-year GAAP operating margin of 4.9% and adjusted operating margin of 6.3%, setting another record for the company. GAAP EPS for the quarter was $0.67, while full-year GAAP EPS came up to $2.33.
Flex Ltd. operates as a manufacturing services company that delivers supply chain, technology innovation, and manufacturing solutions to diverse industries and end markets. Its operations are divided into the following segments: Flex Agility Solutions (FAS) and Flex Reliability Solutions (FRS).
13. CrowdStrike Holdings, Inc. (NASDAQ:CRWD)
Number of Hedge Fund Holders: 79
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is one of the best NASDAQ stocks to buy and hold for 3 years. Rosenblatt lifted the price target on CrowdStrike Holdings, Inc. (NASDAQ:CRWD) to $825 from $640 on June 4 and maintained a Buy rating on the shares. The rating update came after what the firm called an “outstanding” fiscal Q1 earnings report. It added that despite the improving outlook and significant milestones, the company’s shares fell around 11% in after-hours trading, which Rosenblatt believes is likely to be the result of profit taking after shares rose about 87% since the last earnings report. However, it contended that in the backdrop of an industry inflection point termed the “Mythos moment,” the “intersection of frontier AI models and cybersecurity has positioned the Falcon platform as critical AI infrastructure”.
CrowdStrike Holdings, Inc. also received a rating update from Wedbush the same day, with the firm raising the price target on the stock to $720 from $700 while maintaining an Outperform rating on the shares. The firm noted that the company’s fiscal Q1 results featured slight beats across the board.
CrowdStrike Holdings, Inc. offers cybersecurity services and products to prevent breaches. Its offerings include cloud-delivered protection across endpoints, threat hunting, managed security services, IT operations management, log management, and more.
12. Western Digital Corporation (NASDAQ:WDC)
Number of Hedge Fund Holders: 83
Western Digital Corporation (NASDAQ:WDC) is one of the best NASDAQ stocks to buy and hold for 3 years. Citi lifted the price target on Western Digital Corporation (NASDAQ:WDC) to $685 from $500 on June 2 and maintained a Buy rating on the shares. The firm raised its estimates in the hard disk drive space, citing industry supply discipline and AI-led demand strength, further telling investors in a research note that this should support sustainable pricing power.
Western Digital Corporation also received a rating update from Wells Fargo on June 1. The firm raised the price target on the stock to $575 from $500 and reiterated an Overweight rating on the shares. It stated that last week it hosted meetings on its 4th Annual Wells Fargo Silicon Valley Bus Tour, the week before, and each one of them had a positive demand tone, ranging from AI data center build-outs to the proliferation of AI inferencing / Agentic AI, driving significant incremental server CPU demand and continued drives of memory expansion.
Western Digital Corporation is involved in the development, manufacture, marketing, and sale of data storage devices and solutions.
11. AppLovin Corporation (NASDAQ:APP)
Number of Hedge Fund Holders: 91
AppLovin Corporation (NASDAQ:APP) is one of the best NASDAQ stocks to buy and hold for 3 years. Citi maintained a Buy rating on AppLovin Corporation (NASDAQ:APP) on June 1, adding an “upside 90-day catalyst watch” on the stock with a $710 price target. The firm told investors in a research note that it sees upside to estimates as the company’s e-commerce platform moves to general availability by June 30. It added that the general rollout could result in store growth and e-commerce revenue acceleration.
AppLovin Corporation also received a rating update from JPMorgan on May 7, with the firm lifting the price target on the stock to $515 from $500 and maintaining a Neutral rating on the shares. The firm told investors in a research note that the company reported a Q1 beat and guided Q2 in line with expectations.
For reference, in its financial results for fiscal Q1 2026, AppLovin Corporation reported revenue of $1,842 million, compared to $1,159 million in the prior year period. Net income for the quarter came up to $1,206 million, compared to $576 in the previous year period.
AppLovin Corporation develops and operates a mobile marketing platform, offering AppDiscovery, MAX, Adjust, and SparkLabs. The company’s software-based platform caters to mobile application developers for improvements in marketing and monetization of applications.
10. Seagate Technology Holdings Plc (NASDAQ:STX)
Number of Hedge Fund Holders: 93
Seagate Technology Holdings Plc (NASDAQ:STX) is one of the best NASDAQ stocks to buy and hold for 3 years. Citi lifted the price target on Seagate Technology Holdings Plc (NASDAQ:STX) to $1,150 from $740 on June 2 and maintained a Buy rating on the shares. The firm raised its estimates in the hard disk drive space, citing industry supply discipline and AI-led demand strength, further telling investors in a research note that this should support sustainable pricing power.
Seagate Technology Holdings Plc also received a rating update from Wells Fargo on June 1. The firm raised the price target on the stock to $900 from $700 and reiterated an Equal Weight rating on the shares. Wells stated that last week it hosted meetings on its 4th Annual Wells Fargo Silicon Valley Bus Tour, the week before, and each one of them had a positive demand tone, ranging from AI data center build-outs to the proliferation of AI inferencing / Agentic AI, driving significant incremental server CPU demand and continued drives of memory expansion.
Seagate Technology Holdings Plc is a holding company that develops, produces, and distributes data storage products and electronic data storage solutions. Its products include solid state drives, serial advanced technology attachment controllers, hard disk drives, solid state hybrid drives, peripheral component interconnect express cards, storage subsystems, and computing solutions.
9. Palantir Technologies Inc. (NASDAQ:PLTR)
Number of Hedge Fund Holders: 96
Palantir Technologies Inc. (NASDAQ:PLTR) is one of the best NASDAQ stocks to buy and hold for 3 years. Palantir Technologies Inc. (NASDAQ:PLTR) and McCarthy Building Companies Inc. announced on June 4 a multi-year, multi-million dollar strategic partnership to bolster AI and data-driven decision-making across McCarthy’s operations. McCarthy Building Companies Inc. is one of the oldest privately held national construction companies in the United States, and will leverage Palantir’s Artificial Intelligence Platform (AIP) to create a connected AI operating system.
The company further stated that the partnership’s central focus is on McCarthy’s AI Operations Suite – Pulse, which is an AI-native system specialized to support field teams with real-time insight, risk analysis, scenario planning, and decision orchestration.
The same day, Palantir Technologies Inc. and GNP Seguros (Grupo Nacional Provincial) announced a multi-year, multi-million dollar enterprise expansion agreement. GNP Seguros is one of the oldest insurers in Mexico, and as part of Grupo BAL, which is one of Mexico’s most important business consortia, GNP becomes Palantir’s first publicly announced commercial customer in Mexico. Management stated that this marks a defining milestone in AI deployment within the nation’s insurance industry.
Palantir Technologies Inc. builds and deploys software platforms that serve as central operating systems for customers. The company focuses on augmenting human intelligence and developing products for human-driven real-world data analysis.
8. Intel Corporation (NASDAQ:INTC)
Number of Hedge Fund Holders: 112
Intel Corporation (NASDAQ:INTC) is one of the best NASDAQ stocks to buy and hold for 3 years. Intel Corporation (NASDAQ:INTC) unveiled new innovations at Computex 2026 on June 2, addressing the chip-to-systems-level AI needs of customers with solutions tailored to their specific industry challenges. These included new rackscale AI infrastructure, Agentic Cloud Offering for Disaggregated Inference, deep industry solutions, Intel Xeon 6+ processors, and PC, gaming handheld, and physical AI momentum.
For additional reference, in its financial results for fiscal Q1 2026, Intel Corporation reported that revenue for the quarter reached $13.6 billion, up 7% year-over-year. It also provided several business highlights, including the expansion of its client portfolio through the launch of Intel® Xeon® 600 processors for workstations, Intel® Core® Ultra 200S Plus and Intel® Core® Ultra 200HX Plus processors for desktops and mobile, Intel® Core™ Series 2 processors for health and life sciences edge computing, and Intel® Core™ Ultra Series 3 processors with Intel vPro®. The company also launched Intel® Core™ Series 3 processors.
Intel Corporation is involved in the design, sale, and manufacture of computer products and technologies. It delivers data storage, computer, networking, and communications platforms. The company’s operations are divided into the following segments: Client Computing Group (CCG), Data Center and AI (DCAI), Intel Foundry Services (IFS), and All Other.
7. Lumentum Holdings Inc. (NASDAQ:LITE)
Number of Hedge Fund Holders: 123
Lumentum Holdings Inc. (NASDAQ:LITE) is one of the best NASDAQ stocks to buy and hold for 3 years. On June 3, Northland lifted the price target on Lumentum Holdings Inc. (NASDAQ:LITE) to $1,200 from $1,000 while maintaining an Outperform rating on the shares. The firm stated that following the previous day’s comments from Nvidia’s CEO inspiring strength in Marvell, which “bode well for the space,” along with the continued strong AI Data Center results from HPE (HPE), and capex funding for Alphabet. Northland lifted the price targets on several communications technology names, with further indications of both a sustainable multi-year cycle and short-term acceleration in AI optical demand from here.
Lumentum Holdings Inc. also received a rating update from Jefferies on May 7. The firm lifted the price target on the stock to $1,200 from $900 and maintained a Buy rating on the shares. The rating update came after what the firm described as “another rock-solid print”, adding that the March quarter report and June guidance make clear that margins are “finally beginning to inflect”.
Lumentum Holdings Inc. provides optical and photonic products. The company’s operations are divided into the Cloud and Networking, and Industrial Tech segments.
6. Tesla, Inc. (NASDAQ:TSLA)
Number of Hedge Fund Holders: 123
Tesla, Inc. (NASDAQ:TSLA) is one of the best NASDAQ stocks to buy and hold for 3 years. Reuters reported on June 3 that Tesla, Inc. (NASDAQ:TSLA) is rolling out its unsupervised robotaxis in the Austin Metro area in Texas in an attempt to speed up its autonomous ride-hailing operation. It stated that a wider adoption of the company’s full self-driving software and an expansion of the robotaxi service are key to Tesla’s growth strategy since its pivoted focus from EVs to AI and robotics. Tesla’s official robotaxi account stated in a post on X that: “Unsupervised Robotaxi now in the entire Austin Metro area”.
In another development, on May 29, Reuters reported the announcement by Estonia’s transport authority delivered on Friday that it had cleared Tesla, Inc.’s FSD driver-assistance system for use on its roads. The clearance came after recognising a type approval first granted in the Netherlands. Tesla FSD is a level 2 driver assistance system, which means that the driver remains fully responsible for safe driving at times.
Tesla, Inc. designs, manufactures, and sells high-performance electric vehicles and energy generation and storage systems. It operates through two segments: energy generation and storage, and automotive. However, the company isn’t merely an automotive manufacturer; investors regard it as a technology company due to its other projects, most of which feature AI.
5. ASML Holding N.V. (NASDAQ:ASML)
Number of Hedge Fund Holders: 133
ASML Holding N.V. (NASDAQ:ASML) is one of the best NASDAQ stocks to buy and hold for 3 years. BofA lifted the price target on ASML Holding N.V. (NASDAQ:ASML) to EUR 1,921 from EUR 1,710 on June 4 and maintained a Buy rating on the shares. The rating update came after the company’s technology conference, with the firm telling investors in a research note that ASML’s extreme ultraviolet lithography capacity could increase beyond 90 units exiting 2027 as it reduces lead times and finds assembly efficiencies. The firm also sees China’s demand recovering in 2027.
Separately, in its financial results for fiscal Q1 2026, ASML Holding N.V. reported total net sales of €8.8 billion, gross margin of 53.0%, and net income of €2.8 billion. The company anticipates Q2 2026 total net sales to be between €8.4 billion and €9.0 billion, and a gross margin between 51% and 52%.
ASML Holding N.V. is involved in the development, production, marketing, sales, upgrading, and servicing of advanced semiconductor equipment systems. It includes lithography, metrology, and inspection systems.
4. Netflix, Inc. (NASDAQ:NFLX)
Number of Hedge Fund Holders: 144
Netflix, Inc. (NASDAQ:NFLX) is one of the best NASDAQ stocks to buy and hold for 3 years. Reuters reported on June 4 that FIFA is set to release a new football video game called FIFA World Cup: Launch Edition on Netflix Games on June 11. The release is timed to coincide with the start of the 2026 World Cup, and the title will be exclusively available to Netflix subscribers at no additional cost. The game is developed in partnership with Delphi Interactive and Netflix Games, and is designed as an accessible football simulation through which players can take part in the tournament experience.
Up to four users can play together and will be able to choose from all 48 teams that are competing in the World Cup to play matches across the tournament’s 16 stadiums. It added that more than 1,200 players are included in the game. According to FIFA, the format employs smartphones as controllers, allowing users to connect to a television by scanning a QR code.
Netflix, Inc. provides entertainment services and also offers leisure-time activities, video gaming, entertainment video, and other sources of entertainment. Its operations are divided into the United States and International geographic segments.
3. Broadcom Inc. (NASDAQ:AVGO)
Number of Hedge Fund Holders: 173
Broadcom Inc. (NASDAQ:AVGO) is one of the best NASDAQ stocks to buy and hold for 3 years. Broadcom Inc. (NASDAQ:AVGO) received a rating update from Benchmark on June 4. The firm lifted the price target on the stock to $545 from $485 and maintained a Buy rating on the shares, stating that shares sold off by about 13% after-hours despite record Q2 results, a 4c EPS beat, and Q3 revenue guidance $1.15B above consensus. The firm blames this on the market “measuring the report against an elevated AI semiconductor bar rather than published estimates”.
According to Benchmark, a further contributor to the stock’s weakness was management’s public acknowledgment that Google, which is Broadcom Inc.’s largest TPU customer, is expected to diversify its TPU supplier base as its own AI compute consumption expands. However, despite that, the firm also believes that this supplier-diversification to MediaTek issue has become “widely expected and understood by industry followers”.
Broadcom Inc. is a leading multinational technology company specializing in semiconductor and infrastructure software products. Its semiconductor and semiconductor-based solutions serve markets across networking connectivity, broadband, servers and storage systems, wireless device connectivity, and industrial. The company’s infrastructure software solutions serve markets including cybersecurity, private cloud, mainframe software, enterprise software, and Fibre Channel storage area network management.
2. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders: 275
NVIDIA Corporation (NASDAQ:NVDA) is one of the best NASDAQ stocks to buy and hold for 3 years. Reuters reported on June 1 that NVIDIA Corporation (NASDAQ:NVDA) unveiled a new chip that incorporates AI capabilities directly into desktop computers and laptops. CEO Jensen Huang stated that the RTX Spark PC chip is part of the company’s endeavors with Microsoft to “reinvent the PC” for the AI era, following three years of collaboration between the companies. Reuters further reported that the chip is developed with Taiwan’s MediaTek, and is set to debut in laptops and compact desktops this fall from Dell, HP, Lenovo, ASUS, Microsoft Surface, and MSI, with models from Acer and GIGABYTE to follow.
In a separate development, Reuters reported on May 26 that, according to a report by Bloomberg News citing people familiar with the matter, Taiwan prosecutors suspect that three individuals managed to smuggle at least one shipment of NVIDIA Corporation chips to China before first exporting them to Japan. However, the report could not be immediately verified by Reuters.
NVIDIA Corporation designs and manufactures computer graphics processors, chipsets, and other multimedia software. It operates in the Compute & Networking and Graphics Processing Unit (GPU) segments.
1. Amazon.com, Inc. (NASDAQ:AMZN)
Number of Hedge Fund Holders: 353
Amazon.com, Inc. (NASDAQ:AMZN) is one of the best NASDAQ stocks to buy and hold for 3 years. Reuters reported on June 4 that Pinterest announced that it would pay Amazon.com’s AWS $4 billion for cloud services through 2031 in an attempt to bolster a long-term partnership between the two companies. Pinterest’s Chief Technology Officer Matt Madrigal stated that the expanded commitment with AWS offers compute flexibility, infrastructure efficiency, and hardware optionality to accelerate the company’s AI mission.
In another development, Reuters reported on June 4 that Amazon.com, Inc. announced on Thursday an upgraded AI-powered mobile robot for its warehouses as part of a €10 billion ($11.6 billion) investment in its European fulfillment network. The robot is capable of responding to conversational prompts, with the company working to speed up deliveries. The next-generation Proteus robot was showcased at its “Delivering the Future” event at its Dartford fulfilment centre, east of London.
Amazon.com, Inc. provides its customers with a range of products and services. It offers advanced tools for AR and VR developers through its Amazon Web Services (AWS) platform.
READ NEXT: 15 Stocks That Will Make You Rich in 10 Years AND 12 Best Stocks That Will Always Grow.
