In this article, we will list the 5 Best Long Term Growth Stocks to Invest In Now. Please visit 10 Best Long Term Growth Stocks to Invest In Now if you would like to see the extended list and the methodology behind it.
5. Intel Corporation (NASDAQ:INTC)
Number of Hedge Fund Holders: 112
Intel Corporation (NASDAQ:INTC) is one of the best long-term growth stocks to invest in now. Cantor Fitzgerald lifted the price target on Intel Corporation (NASDAQ:INTC) to $150 from $90 on June 29 and maintained a Neutral rating on the shares, telling investors in a research note that the AI infrastructure buildout is viewed as a generational semiconductor cycle that is both durable and extended by supply chain constraints. It added that expectations for faster-than-previously-forecast industry revenue expansion reach roughly $3T by CY29, potentially exceeding $3.5T by CY30.
In another development, Reuters reported on June 16 that Intel Corporation (NASDAQ:INTC) has announced the entry of the new generation of its 18A manufacturing process into risk production, as the company sees strong demand for its central processors. It further stated that by moving 18A-P into initial production, Intel Corporation (NASDAQ:INTC) aims to demonstrate that it is following through on its manufacturing commitments, which could potentially make the technology more appealing to external customers. Reuters added that finance chief David Zinsner said in March that the company’s CEO, Lip-Bu Tan, has started recognizing 18A as a potential offering for external clients, changing the earlier perspective that the process would generate returns only through the company’s own products.
Intel Corporation (NASDAQ:INTC) 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.
4. Lam Research Corporation (NASDAQ:LRCX)
Number of Hedge Fund Holders: 123
Lam Research Corporation (NASDAQ:LRCX) is one of the best long-term growth stocks to invest in now. Susquehanna lifted the price target on Lam Research Corporation (NASDAQ:LRCX) to $475 from $385 on June 30 and maintained a Positive rating on the shares. The firm updated its model after channel checks, suggesting an upward revision to SCE backlog now extending beyond one year, with WFE expected to reach as high as $300B. The firm is now raising its estimates for 2026 and 2027, along with introducing 2028 projections based on WFE of $250B.
In another development, Cantor Fitzgerald lifted the price target on Lam Research Corporation (NASDAQ:LRCX) to $425 from $320 on June 10 and maintained an Overweight rating on the shares, telling investors in a research note that the firm believes the semi equipment industry is in the “early innings of a multi-year supply-constrained and durable upcycle.” It added that the outlook has improved over the last three months, with bookings visibility now beginning to extend into 2028.
Lam Research Corporation (NASDAQ:LRCX) is involved in the design, manufacture, refurbishment, marketing, and provision of semiconductor processing equipment that is used in the fabrication of integrated circuits. The company’s operations are divided into the following geographical segments: the United States, China, Europe, Japan, Korea, Southeast Asia, and Taiwan.
3. Advanced Micro Devices, Inc. (NASDAQ:AMD)
Number of Hedge Fund Holders: 134
Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the best long-term growth stocks to invest in now. Wells Fargo lifted the price target on Advanced Micro Devices, Inc. (NASDAQ:AMD) to $615 from $505 while maintaining an Overweight rating on the shares. The firm stated that EPYC server CPU demand strength plus pricing upside drives an increase. It added that it is maintaining above-Street data center GPU revenue estimates, with 2027 and 2028 EPS moving to $13.40 and $18.75.
For reference, in its financial results for fiscal Q1 2026, Advanced Micro Devices, Inc. (NASDAQ:AMD) reported revenue of $10.3 billion, net income of $1.4 billion, gross margin of 53%, operating income of $1.5 billion, and diluted earnings per share of $0.84. Gross margin on a non-GAAP basis was 55%, while operating income was $2.5 billion, with net income of $2.3 billion and diluted earnings per share of $1.37.
Advanced Micro Devices, Inc. (NASDAQ:AMD) is a global semiconductor company focused on high-performance computing, visualization technologies, and graphics.
2. Applied Materials, Inc. (NASDAQ:AMAT)
Number of Hedge Fund Holders: 138
Applied Materials, Inc. (NASDAQ:AMAT) is one of the best long-term growth stocks to invest in now. Susquehanna lifted the price target on Applied Materials, Inc. (NASDAQ:AMAT) to $900 from $575 on June 30, and maintained a Positive rating on the shares. The firm updated its model after channel checks, suggesting an upward revision to SCE backlog now extending beyond one year, with WFE expected to reach as high as $300B. The firm is now raising its estimates for 2026 and 2027, along with introducing 2028 projections based on WFE of $250B.
Separately, Applied Materials, Inc. (NASDAQ:AMAT) announced on June 25 the introduction of a suite of new chipmaking systems to build the advanced 3D chip architectures that power next-generation AI. Dr. Prabu Raja, President of the Semiconductor Products Group at Applied Materials, Inc. (NASDAQ:AMAT), stated that the transistor and materials technologies that previously drove performance gains in leading-edge logic are now becoming essential in DRAM, adding that as “DRAM scales to meet the bandwidth demands of HBM and AI workloads, the distinction between logic and memory process technology is converging. By leveraging our epitaxy leadership in leading-edge logic, Applied is uniquely positioned to drive this transition in DRAM.”
Applied Materials, Inc. (NASDAQ:AMAT) provides materials engineering solutions used to produce semiconductors and also focuses on the design, production, development, and servicing of critical wafer fabrication tools used for customers for the manufacture of semiconductors. The company’s operations are divided into the following segments: Semiconductor Systems and Applied Global Services (AGS).
1. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders: 275
NVIDIA Corporation (NASDAQ:NVDA) is one of the best long-term growth stocks to invest in now. Reuters reported on July 1 that Valar Atomics announced on Wednesday a partnership with NVIDIA Corporation (NASDAQ:NVDA) for the development of a small data center in Utah, which, according to the companies’ claims, will show how computing facilities needed for AI can conserve water. Valar Atomics is a nuclear power startup based in California, and announced the partnership at the site of its small nuclear plant, called a microreactor. Reuters further reported that the company also ran a demonstration powering Nvidia’s Blackwell, which is its latest AI chip architecture for data centers, marking the first time a small reactor powered a data center, according to the companies.
John Josephakis, an NVIDIA Corporation (NASDAQ:NVDA) global vice president, stated that through the partnership with Valar Atomics, the company is “exploring how behind-the-meter, waterless advanced nuclear systems could support future AI factories built for the scale and reliability accelerated computing requires”.
NVIDIA Corporation (NASDAQ:NVDA) designs and manufactures computer graphics processors, chipsets, and other multimedia software. It operates in the Compute & Networking and Graphics Processing Unit (GPU) segments.
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 the cheapest AI stock.
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