In this article, we will be taking a look at the 5 Best Strong Buy Tech Stocks to Invest In Now. If you want to see the full list, visit 12 Best Strong Buy Tech Stocks to Invest In Now.
5. Onto Innovation Inc. (NYSE:ONTO)
Number of Hedge Fund Holders: 46
Onto Innovation Inc. (NYSE:ONTO) is one of the best Strong Buy stocks on this list.
TheFly reported on May 6 that Needham increased its price target on ONTO to $330 from $320 while maintaining a Buy rating on the shares. The firm noted that the company’s latest quarterly results were broadly in line with expectations, as most of the performance and updated outlook had already been disclosed in a prior pre-announcement. The revised valuation reflects higher earnings per share projections along with improved margin expectations, which supported the upward adjustment in the price target despite limited new surprises in the reported quarter.
Separately, more recently, on May 18, Onto Innovation Inc. (NYSE:ONTO) announced plans to issue $1.1 billion in convertible senior notes due 2031 through a private offering targeted at institutional buyers. The business may also allow initial purchasers to acquire an additional $165 million in notes within a short post-issuance window. Proceeds from the offering are expected to be allocated across multiple purposes, including funding capped call transactions, repurchasing up to approximately $300 million of common stock through privately negotiated deals, and supporting general corporate needs.
A portion of the funds may also be used toward previously announced strategic initiatives, including a potential acquisition of a minority stake in Rigaku Holdings Corporation. The notes will represent senior unsecured obligations and are scheduled to mature in June 2031 unless converted or redeemed earlier.
Onto Innovation Inc. (NYSE:ONTO) is a semiconductor equipment company that provides process control, metrology, and defect inspection systems for chip manufacturing.
4. Qnity Electronics, Inc. (NYSE:Q)
Number of Hedge Fund Holders: 48
Qnity Electronics, Inc. (NYSE:Q) is the next best strong buy tech stock.
TheFly reported on May 13 that RBC Capital increased its price target on Q to $200 from $150 while maintaining an Outperform rating on the shares following a strong first quarter earnings report. The firm highlighted continued robust demand trends, with particularly strong performance in the Interconnect segment. Growth in that area was driven by rising adoption in advanced packaging applications, AI-related printed circuit boards, and thermal management solutions, all of which showed significant year over year expansion. The update reflects improving volume momentum across key end markets and reinforces the company’s exposure to high-growth semiconductor and AI infrastructure demand.
Qnity Electronics, Inc. (NYSE:Q) reported its first quarter 2026 results for the period ended March 31 on May 12, showing continued growth across its business segments. Net sales reached $1.3 billion, representing 18% year-over-year growth, while organic sales increased 17%. Adjusted profitability improved meaningfully, with adjusted earnings rising 33% and adjusted operating EBITDA up 22% compared with the prior year. Adjusted earnings per share also increased 33%, despite declines in GAAP net income and GAAP EPS.
The corporation raised its full-year 2026 outlook across key financial measures, reflecting strong demand in advanced chips, interconnect solutions, and thermal management products. Management emphasized sustained momentum driven by AI-related infrastructure needs and ongoing collaboration with customers to support next-generation computing platforms.
Qnity Electronics, Inc. (NYSE:Q) is a semiconductor and electronics materials company spun off from DuPont that develops components for AI, high-performance computing, and 5G technologies.
3. Rubrik, Inc. (NYSE:RBRK)
Number of Hedge Fund Holders: 56
Rubrik, Inc. (NYSE:RBRK) is one of the best Strong Buy stocks on this list.
TheFly reported on May 20 that Oppenheimer upgraded RBRK to Outperform from Perform and assigned an $85 price target. The firm cited strong feedback from value-added reseller channels and improving demand trends across the backup, recovery, and cyber-resilience market. Oppenheimer also noted that RBRK continues strengthening its competitive position across multiple workloads and highlighted resilient customer demand tied to the company’s role in protecting mission-critical data environments. The firm added that rising memory costs have not materially affected purchasing activity and expressed expectations for the company to exceed first-quarter
Separately, on May 19, Rubrik, Inc. (NYSE:RBRK) announced a strategic partnership with MEDITECH to strengthen cyber resilience capabilities for healthcare organizations using MEDITECH’s self-hosted cloud and on-premises platforms. Through the collaboration, healthcare providers using MEDITECH Expanse will gain access to Rubrik Security Cloud technologies designed to improve data protection, recovery speed, and operational continuity during cyberattacks or ransomware incidents.
The companies stated that the integration will help ensure critical healthcare data remains immutable and recoverable in the event of a security breach. The partnership is intended to support hospitals and healthcare systems in reducing operational disruptions and financial risks tied to cyber incidents while enabling more secure cloud adoption. The initiative also addresses growing cybersecurity concerns in the healthcare sector, which has increasingly become a major target for ransomware attacks and other digital threats affecting patient care operations.
Rubrik, Inc. (NYSE:RBRK) is a cybersecurity and cloud data management company that provides ransomware recovery, threat detection, and Zero Trust data security solutions.
2. Datadog, Inc. (NASDAQ:DDOG)
Number of Hedge Fund Holders: 75
Datadog, Inc. (NASDAQ:DDOG) is one of the best Strong Buy stocks on this list.
TheFly reported on May 12 that Goldman Sachs increased its price target on DDOG to $139 from $121 while maintaining a Sell rating on the shares. The firm noted that the company continues benefiting from rising AI-related demand, which is contributing to larger observability spending and supporting platform adoption. However, Goldman Sachs also pointed to intensifying competition and the possibility of customers reevaluating their software tool selections over time, factors that could weigh on DDOG’s longer-term growth trajectory despite current momentum.
In addition to that, on May 7, Datadog, Inc. (NASDAQ:DDOG) reported first-quarter 2026 financial results showing revenue of $1.006 billion, representing 32% year over year growth and marking the company’s first quarter surpassing the $1 billion revenue level. Non-GAAP operating income reached $223 million, while free cash flow totaled $289 million. The company ended the quarter with approximately $4.8 billion in cash, equivalents, and marketable securities. DDOG also expanded its large customer base, reaching about 4,550 clients, generating annual recurring revenue above $100,000.
During the quarter, the company introduced several AI focused and security-related offerings, including GPU Monitoring, Bits AI Security Analyst, and Datadog Experiments. DDOG additionally achieved FedRAMP High certification for government cloud operations and announced a strategic partnership with Sakana AI focused on enterprise artificial intelligence initiatives and product development.
Datadog, Inc. (NASDAQ:DDOG) is a SaaS-based observability and security platform that provides cloud monitoring, analytics, and cybersecurity solutions for applications and infrastructure.
1. ASML Holding N.V. (NASDAQ:ASML)
Number of Hedge Fund Holders: 101
ASML Holding N.V. (NASDAQ:ASML) is one of the best Strong Buy stocks on this list.
TheFly reported on May 20 that UBS increased its price target on ASML to €1,900 from €1,600 while maintaining a Buy rating on the shares. The firm stated that ASML holds a distinctive position within the European semiconductor industry due to its leadership in lithography systems. UBS also pointed to continued expansion in lithography capacity demand, along with the company’s exposure to memory-related markets and North American customers, as factors supporting an attractive long-term risk and reward profile at current valuation levels.
On May 5, ASML Holding N.V. (NASDAQ:ASML) joined six other Europe-based technology companies in publishing a joint statement across newspapers in multiple countries, urging policymakers to move quickly to strengthen Europe’s position in advanced technology industries. The companies warned that Europe is steadily losing competitiveness because of fragmented markets, excessive regulation, and slower execution compared to global rivals.
The statement emphasized the strategic importance of sectors including semiconductors, AI, aerospace, defense, and connectivity technologies. The group also called for simplified digital rules, stronger industrial policies, improved investment support, and reforms to competition frameworks to help European innovators scale globally. The companies stated that Europe has the talent and technology base needed to lead future industrial and AI driven transformation if governments take faster and more coordinated action.
ASML Holding N.V. (NASDAQ:ASML) is a leading semiconductor equipment company and the world’s top supplier of photolithography systems used to manufacture advanced microchips.
While we acknowledge the potential of ASML 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 ASML and that has 100x upside potential, check out our report about the cheapest AI stock.
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