In this piece we will look at the 5 Good Stocks to Buy Now. Please visit 9 Good Stocks to Buy Now, if you’d like to see an extended list and how we came up with the list of Good Stocks to Buy Now.
5. Apple Inc. (NASDAQ:AAPL)
Number of Hedge Fund Holders: 169
Apple Inc. (NASDAQ:AAPL) is one of the Good Stocks to Buy Now. After a long waiting period, Apple Inc. (NASDAQ:AAPL)’s Siri is expected to get more powerful AI features and a standalone app for Mac and iPhone, as per a March 24 report by Bloomberg.
Mark Gurman from Bloomberg reported that people familiar with the matter said that Apple is testing a standalone Siri app with next-generation voice assistants that would have the ability to refer back to previous conversations in a chat-like interface.
Earlier in February, the company had indicated that it plans to roll out the long-awaited upgrades to the Siri app by the end of 2026. According to Bloomberg’s source, Apple is expected to present and unveil the upgrades on June 8 at the Worldwide Developers Conference.
The app is expected to have a chat-like user interface similar to that of the company’s messenger app. Moreover, the app will also allow you to give access to what content can be accessed by the voice assistant.
Apple Inc. (NASDAQ:AAPL) engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables, and accessories, and other varieties of related services.
4. Meta Platforms, Inc. (NASDAQ:META)
Number of Hedge Fund Holders: 256
Meta Platforms, Inc. (NASDAQ:META) is one of the Good Stocks to Buy Now. According to a recent March 25 report by Reuters, Meta Platforms, Inc. (NASDAQ:META) is expected to lay off a few hundred people across various teams.
Earlier in March, Reuters had reported that the company was planning to lay off employees, which could affect around 20% or more of the company’s total workforce. The report noted that the March 25 lay-offs are on a much smaller scale compared to the earlier report. A separate report by The Information suggests that the lay-offs could impact the company’s Reality Labs division, social media teams, and recruiting operations.
A spokesperson of Meta told Reuters that these changes in structure are to ensure that the company is in the best position to achieve its goals. This step is seen as a measure to offset the rising costs as the company is expected to spend around $162 billion to $169 billion in 2026. As of December 31, the company had around 79,000 employees.
Meta Platforms, Inc. (NASDAQ:META) is a California-based company that develops social media applications. Dedicated to connecting people and growing businesses, the company has two segments: Family of Apps (FoA) and Reality Labs (RL).
3. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders: 264
NVIDIA Corporation (NASDAQ:NVDA) is one of the Good Stocks to Buy Now. On March 25, Reuters reported that Reflection AI, which is a heavily backed NVIDIA Corporation (NASDAQ:NVDA) start-up, is expected to raise $2.5 billion at a valuation of $25 billion.
The report noted that people familiar with the matter said that JPMorgan& Chase via the bank’s Security and Resiliency Initiative is expected to participate in the funding round. Moreover, the report also highlighted that the $25 billion valuation is a pre-money valuation for the $2.5 funding; prior to the funding, the start-up was valued at around $8 billion.
Reflection AI is a group of companies that works closely with Nvidia to build open-source AI models. According to WSJ, the funding is aimed at enhancing the company’s efforts to counter the AI offerings from China. Earlier in 2024, the start-up had raised $2 billion.
NVIDIA Corporation (NASDAQ:NVDA) is a fabless semiconductor company. It designs and develops graphics processing units and related technologies used in gaming, data centers, artificial intelligence, and autonomous systems.
2. Alphabet Inc. (NASDAQ:GOOGL)
Number of Hedge Fund Holders: 288
Alphabet Inc. (NASDAQ:GOOGL) is one of the Good Stocks to Buy Now. On March 25, Reuters reported that Alphabet Inc. (NASDAQ:GOOGL) and Meta lost a case in Los Angeles for neglecting the harmful impacts on young people in designing their social media.
The verdict found both the companies liable to pay $6 million in damages, with Alphabet to pay $1.8 million and Meta liable for $4.2 million. Although the payable amount for the companies is minimal considering their market capitalization, the report noted that this verdict is expected to serve as a bellwether for other similar cases.
For reference, the case involves 20-year old women named Kaley, who noted that she became addicted to Alphabet’s YouTube and Meta’s Instagram at a very young age, due to the attention-grabbing design of the apps. As the case progressed, the jury found both companies to be negligent in designing the app and also noted they failed to warn about the potential harmful impacts of the attention-grabbing design.
Alphabet Inc. (NASDAQ:GOOGL) owns several notable platforms, including Google Search, Google Maps, Gmail, and YouTube. The company is also known for pioneering work and research in cloud computing, quantum computing, and artificial intelligence.
1. Microsoft Corporation (NASDAQ:MSFT)
Number of Hedge Fund Holders: 312
Microsoft Corporation (NASDAQ:MSFT) is one of the Good Stocks to Buy Now. On March 25, UBS lowered its price target on Microsoft Corporation (NASDAQ:MSFT) from $600 to $510, while maintaining a Buy rating on the shares.
The firm said in a research note that the reduced price target comes after analyst Karl Kierstead met Microsoft’s investor relations team in Asia and Australia. Through these discussions, the analyst found that the narrative around the company’s Microsoft 365 and Copilot needs to improve for the stock to re-rate higher. The firm noted that they value the share at 19 times the calendar year 2026 estimates of non-GAAP EPS. Moreover, the analyst also noted reviewing investor debates, management’s response, and the firm’s research before lowering the price target by $90.
Earlier on March 24, Bank of America Securities reiterated a Buy rating on Microsoft Corporation (NASDAQ:MSFT) with a price target of $500. The firm noted that the company enjoys a significant strategic edge in AI, which spans over infrastructure and applications. BofA emphasized Microsoft Azure as the compute and data backbone for enterprise AI workloads, enabling scalable AI deployment. Moreover, its software suite, which includes Office 365, Dynamics, GitHub, and Windows, integrates AI into routine workflows, boosting adoption and usage.
Microsoft Corporation (NASDAQ:MSFT) is a Washington-based company operating through Productivity and Business Processes, Intelligent Cloud, and Personal Computing segments. Founded in 1975, the company provides software, services, devices, and solutions worldwide.
While we acknowledge the potential of MSFT 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 MSFT and that has 100x upside potential, check out our report about the cheapest AI stock.
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