In this article, we will list the 5 Best Long-Term Tech Stocks to Buy According to Hedge Funds. Please visit 8 Best Long-Term Tech Stocks to Buy According to Hedge Funds if you’d like to see an extended list and the methodology behind it.
5. ServiceNow, Inc. (NYSE:NOW)
Number of Hedge Fund Holders: 118
ServiceNow, Inc. (NYSE:NOW) has a five-year forward EPS growth of over 25%, making it to our list of the best long-term tech stocks to buy according to hedge funds.
ServiceNow, Inc. seems to have mixed market sentiment, with the stock suffering and dropping over 40% year-to-date as of April 27. The company released its Q1 earnings data on April 23, with the Q1 2026 revenue soaring over 22% to $3.77 billion from a year ago, exceeding estimates by 24.22 million. The earnings per share increased 22% year-over-year to $0.97 per share. Despite a positive outcome, investors gave a clear message with the stock dropping in after-hours following the earrings release. The company mentioned that they missed a few large on-premise deals due to the ongoing Middle East war.
ServiceNow sees Q2 subscription revenue to grow 22.5%, expecting between $3.815 billion and $3.82 billion. For the full-year, the company projects the subscription revenue to range between $15.735 billion and $15.775 billion, indicating 22.5% growth as well.
Investors want to see the AI segment make a difference amid the current AI boom. The company’s AI agent, Now Assist, is experiencing strong growth, as the customers’ spending more than $1 million in annual contract value grew more than 130% from a year ago. The management has highlighted Now Assist as its fastest-growing enterprise software ever.
Out of 49 analysts covering NOW, 44 rate the stock as a Buy with a median price target of $140, implying an upside of approximately 44%.
ServiceNow Inc. (NYSE:NOW) provides cloud-based and AI-embedded end-to-end workflow automation solutions for enterprises. The company is located in Santa Clara, California, and was founded in June 2004 by Frederic B. Luddy.
4. Advanced Micro Devices, Inc. (NASDAQ:AMD)
Number of Hedge Fund Holders: 132
Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the best long-term tech stocks to buy according to hedge funds, with the company having a five-year forward EPS growth rate of over 42%.
Advanced Micro Devices has signed a multi-year deal with the French government to help in the national AI strategy. AMD will offer its AI compute resources for French educators, developers, researchers, and AI start-ups with the aim to accelerate AI adoption across Europe. This partnership integrates AMD’s AI presence in Europe, expanding its market position in government-backed AI initiatives.
AMD has also launched the Ryzen 9 9950X3D2 Dual Edition, which is the world’s first desktop processor. On April 22, AMD announced the launch of the processor that features dual AMD 3D V-Cache technology across all 16 cores. The processor has the capacity to deliver 208 Mb of total cache built on a Zen 4 design and a 4 nm process.
AMD shares are on a run and have soared over 52% year-to-date as of April 27. Analysts remain cautious as the stock is trading at its all-time high price point. AMD shares fell over 3% on April 27 after Citi analyst Atif Malik removed the stock from the firm’s positive catalyst list. Malik believes that the near-term catalysts lack the ability to push further upside amid the stock’s nearly 60% growth in April 2026. The analyst retains the stock with a Hold rating on AMD with a price target of $248. However, the long-term prospects remain intact based on strong fundamentals, according to Northland’s Gus Richard, who downgraded the stock to Market Perform, keeping the price target at $260. Richard said that expectations for 2027 are too high, as ongoing R&D spending and competitive pressures could minimize margin expansion despite the robust AI demand.
Advanced Micro Devices Inc. (NASDAQ:AMD) is a leading semiconductor company specializing in high-performance computing and graphics solutions. Its broad product portfolio includes microprocessors, graphics processors, and system-on-chip (SoC) solutions designed for data centers, gaming, and embedded systems.
3. Micron Technology, Inc. (NASDAQ:MU)
Number of Hedge Fund Holders: 137
Micron Technology, Inc. (NASDAQ:MU) has a five year forward EPS growth rate of approximately 130%, making it one of the best long-term tech stocks to buy according to hedge funds.
Wall Street sees an upside of almost 10% as of April 27, with the stock soaring over 540% in one year. The highest analyst price target is $1,000, which implies almost 101% growth.
The optimism around MU is due to the robust demand for HBM driven by the AI boom. AI is consuming HBM chips at record numbers, with data centers expected to consume 70% of global HBM production in 2026, as per Trend Force. Bloomberg forecasts Micron to capture 25% of the AI market for HBM, with the segment’s revenue from the AI sector growing to $32.5 billion in five years. With a forward P/E of under 9, MU is relatively underpriced compared to the 32.5x average of the sector.
On April 7, UBS analyst Timothy Arcuri lifted the price target on Micron Technology, Inc. (NASDAQ:MU) from $510 to $535, keeping a Buy rating. Arcuri sees continued strengthening in pricing for DRAM and NAND memory, especially for HBM. This would lead to higher margins as Micron is planning to rebuild a premium for HBM pricing into 2027. UBS projects Micron Technology’s EPS to reach $135 in CY2027, well above the Wall Street estimate of over $101.
Micron Technology Inc. (NASDAQ:MU) provides memory and storage solutions sold into client, cloud server, enterprise, graphics, networking, smartphone, mobile-device, automotive, industrial, and consumer markets, among others.
2. Broadcom Inc. (NASDAQ:AVGO)
Number of Hedge Fund Holders: 202
With a five-year forward EPS of over 41%, Broadcom Inc. (NASDAQ:AVGO) ranks among the best long-term tech stocks to buy according to hedge funds.
Broadcom is the leader in custom Application-Specific Integrated Circuits (ASICs), which are used in high-speed computing, hyperscale datacenters, and for the proliferation of AI. AVGO has gained more than 110% in one year as of April 27, still having an upside potential of more than 12% based on ratings from 54 analysts.
Broadcom’s $73 billion AI backlog and growing lineup of hyperscaler and AI lab customers make it a relevant player in the AI space, which is an attractive point for investors.
On April 7, Broadcom signed a long-term partnership deal with Google to develop and supply next generations of custom AI chips and other components for Google’s future AI racks through 2031. Similarly, on April 22, the company expanded its deal with Google Cloud to launch Cloud Network Insights. The platform is built on Broadcom’s AppNeta and is a first-party network observability service to offer end-to-end visibility to complicated agentic, hybrid, and multi-cloud systems. Cloud Network Insights will assist organizations in monitoring network and application performance, identifying root causes of issues, and minimizing Mean Time to Resolution. These processes will be carried out by accessing network and application-related problems across cloud, on-premises, and SaaS networks.
Broadcom Inc. (NASDAQ:AVGO) is a technology company that specializes in semiconductor devices (through the Semiconductor Solutions segment) and infrastructure software solutions (through the Infrastructure Software segment).
1. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders: 264
NVIDIA Corporation (NASDAQ:NVDA) is one of the best long-term tech stocks to buy according to hedge funds. NVDA has a five-year forward EPS growth rate of nearly 38%.
NVIDIA Corporation shares have surged over 27% in one month as of April 27. NVDA is continuing its longest winning streak since 2023 with over 10 consecutive sessions of increases. Will NVDA continue the rally? Analysts see momentum in the stock and expect NVDA to increase on average by more than 28% with an expected price target of $267.50. Out of 70 analysts covering the chipmaker, 65 rate the stock as a Buy. But what’s actually pushing NVDA?
The company’s recent rally is backed by robust demand for its next-gen Vera Rubin platform, notable AI product launches, and the potential peace talks between the US and Iran.
Among all these catalysts, the rising interest in Vera Rubin remains the key for NVDA’s push. The next-gen AI platform is already in high demand from hyperscalers and large enterprises. Here is what Sam Altman, CEO of OpenAI, had to say about Vera Rubin:
NVIDIA infrastructure is the foundation that lets us keep pushing the frontier of AI. With NVIDIA Vera Rubin, we’ll run more powerful models and agents at massive scale and deliver faster, more reliable systems to hundreds of millions of people.
Rubin will power large-scale AI training and inference, while the early demand for it is viewed as the next catalyst that could extend NVIDIA Corporation’s data-center supremacy into 2027.
NVIDIA Corporation (NASDAQ:NVDA) is a fabless semiconductor and AI computing company that designs GPUs, AI accelerators, Application Programming Interfaces (APIs), and system-on-a-chip units. Through its CUDA ecosystem, the company enables industries ranging from autonomous vehicles to scientific research by advancing AI, accelerated computing, and data center infrastructure.
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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