In this article, we will list the 5 Best Fast Growth Stocks to Buy According to Hedge Funds. Please visit 10 Best Fast Growth Stocks to Buy According to Hedge Funds if you would like to see the extended list and the methodology behind it.

5. Lam Research Corporation (NASDAQ:LRCX)

Number of Hedge Fund Holdings: 123

EPS Growth Next 5 Years: 33.61%

Lam Research Corporation (NASDAQ:LRCX) is one of the best fast growth stocks to buy according to hedge funds. On June 17, Citi raised its price target on Lam Research Corporation (NASDAQ:LRCX) to $450 from $315, which was one among similar moves for several semiconductor equipment makers. The firm said the move was part of updating its global wafer fabrication equipment (WFE) spending forecasts to reflect what it sees as a multi-year boom in chip manufacturing investment.

In the revised WFE spending model, Citi, projects a bull-case spending of around $145 billion in 2026, which will rise to $200 billion in 2027, and top $250 billion in 2028.

Citi said it aligned its price targets for all three stocks to this revised WFE model and rolled them forward based on 2028 earnings power. In other words, the firm is increasingly confident that the investment cycle in chip manufacturing is a sustained, multi-year trend.

A key pillar of Citi’s revised model is the rise of agentic AI, which the firm said is driving a structural increase in demand for NAND flash memory. The analysts pointed out that there is a growing mismatch between how much memory the agentic AI systems need and how much is currently available.

Lam Research Corporation (NASDAQ:LRCX) is a semiconductor equipment company. It designs, manufactures, and services wafer fabrication equipment used in the production of integrated circuits, including etch, deposition, and clean systems essential to advanced chip manufacturing.

4. Advanced Micro Devices, Inc. (NASDAQ:AMD)

Number of Hedge Fund Holdings: 134

EPS Growth Next 5 Years: 62.77%

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the best fast growth stocks to buy according to hedge funds. On June 8, Advanced Micro Devices, Inc.’s (NASDAQ:AMD) Chair and CEO, Dr. Lisa Su, announced the company’s commitment to invest up to £2 billion over the next five years in the United Kingdom. Dr. Su made the announcement on the first day of London Tech Week, which took place from June 8 to June 12.

The investment will be made in chunks where there will be a package for infrastructure deployments, research collaborations, and ecosystem partnerships. All these investments, said Dr. Su, will be centered on AMD’s Instinct GPUs, EPYC CPUs, and ROCm open software. These are the three pillars of AMD’s AI compute stack.

The CEO detailed that AMD, together with Dell Technologies, is already collaborating with the University of Cambridge to expand its national AI infrastructure footprint. This includes supporting the new Zenith AI supercomputer. The supercomputer is a major UK AI-for-science platform funded by the Department for Science, Innovation and Technology (DSIT) and UK Research and Innovation (UKRI). It is designed to serve a broad range of scientific disciplines like healthcare research, climate modeling, materials science, and engineering simulation.

The two companies are also building the Sunrise fusion AI system, which is a second AI supercomputer at Cambridge. This one is funded by the Department for Energy Security and Net Zero, owned by the UK Atomic Energy Authority (UKAEA). Sunrise is dedicated exclusively to the fusion energy mission.

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a semiconductor company. It designs and sells microprocessors, GPUs, and adaptive system-on-chip products for data centers, personal computers, gaming, and embedded markets.

3. Micron Technology, Inc. (NASDAQ:MU)

Number of Hedge Fund Holdings: 154

EPS Growth Next 5 Years: 148.21%

Micron Technology, Inc. (NASDAQ:MU) is one of the best fast growth stocks to buy according to hedge funds. On June 22, Micron Technology, Inc. (NASDAQ:MU) announced a strategic agreement with Anthropic covering memory and storage architecture design, a multi-year supply agreement, Micron’s internal adoption of Claude, and a strategic equity investment by Micron in Anthropic’s Series H funding round. Anthropic is the AI safety and research company behind the Claude family of AI models.

The most important aspect of the deal is a joint technical collaboration where the two companies will work together to analyze how Micron’s memory and storage subsystems perform across different AI workloads and interact across the full infrastructure stack. According to Micron, the goal is to improve performance, energy efficiency, and what the companies call token economics.

Built on top of that technical work is a multi-year supply agreement covering Micron’s full data center portfolio. The supply agreement is intended to provide Anthropic with long-term access to Micron’s data-center memory and storage portfolio, including HBM, DRAM, and SSDs. According to Tom Brown, co-founder and chief compute officer at Anthropic, this agreement addresses a key concern for any rapidly scaling AI lab, which is reliable access to the memory hardware its infrastructure depends on.

Micron also committed to deploy Anthropic’s Claude models internally across its own engineering, manufacturing, and enterprise functions. Teams will use the tools to accelerate coding workflows and enable more advanced, agentic applications. The company will also become a strategic Anthropic backer through a Series H funding round.

Micron Technology, Inc. (NASDAQ:MU) is a semiconductor company. It designs, manufactures, and sells memory and storage products, including DRAM, NAND flash, and solid-state drives for data centers, personal computers, mobile devices, and automotive markets.

2. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holdings: 173

EPS Growth Next 5 Years: 56.11%

Broadcom Inc. (NASDAQ:AVGO) is one of the best fast growth stocks to buy according to hedge funds. On June 17, Broadcom Inc. (NASDAQ:AVGO) announced the expiration and results of its cash tender offers to buy back six series of its own outstanding senior notes. The company also raised the total buyback cap from the originally announced $2.5 billion to $3.0 billion.

Broadcom launched these offers less than a week ago on June 11 for six series of outstanding senior notes with maturities ranging from 2030 to 2038. The company noted that by the time the offers expired, approximately $5.5 billion in combined principal had been tendered across all six series.

Of the $5.5 billion tendered, Broadcom accepted about $2.9 billion for purchase, consisting of all notes validly tendered in the two highest-priority series. The 4.926% Senior Notes due 2037 had $2.5 billion outstanding, of which $1.84 billion was tendered and fully accepted at $982.01 per $1,000 face value. The 4.900% Senior Notes due 2038 had $1.75 billion outstanding, of which $1.05 billion was tendered and fully accepted at $970.29 per $1,000 face value.

Broadcom assigned the remaining four series lower acceptance priority levels, and while significant amounts were tendered from each, the company accepted none for purchase once the $3 billion cap was reached.

Broadcom Inc. (NASDAQ:AVGO) is a semiconductor and infrastructure software company. It designs, develops, and supplies a range of semiconductor devices and enterprise software solutions, including networking chips, custom silicon, storage adapters, and mainframe software.

1. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holdings: 275

EPS Growth Next 5 Years: 45.51%

NVIDIA Corporation (NASDAQ:NVDA) is one of the best fast growth stocks to buy according to hedge funds. On June 22, NVIDIA Corporation (NASDAQ:NVDA) unveiled a full stack of AI tools and partner deployments designed to move the telecom industry from task-based AI automation toward truly autonomous, around-the-clock network operations. The company made the unveiling at TM Forum’s DTW Ignite 2026 conference, which is ongoing until June 25 at the Bella Center in Copenhagen, Denmark.

According to NVIDIA, most of the AI gains telecom operators have made so far involve automating fixed, predetermined steps, and then humans still manually analyze insights and decide on next actions. The company stated that it is now enabling a different model where AI agents stay with a complex operational task from start to finish, across network, IT, and business systems simultaneously. All of this happens under strict policy constraints.

For deploying these agents safely in live environments, NVIDIA is offering NemoClaw, a blueprint for building long-running autonomous agents with policy-based guardrails. The company is also offering NVIDIA OpenShell, a secure runtime that gives agents sandboxed, controlled access to live telecom systems. These tools will ensure that every action is predictable, auditable, and stays within operator-defined policies, NVIDIA said in a blog post.

It added that several major industry partners are already building on this stack, including AdaptKey, Amdocs, NTT DATA, ServiceNow, and Tata Consultancy Services.

NVIDIA Corporation (NASDAQ:NVDA) is a semiconductor company. It designs and sells GPUs, data center compute platforms, and software for gaming, professional visualization, data centers, and automotive markets.

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