In this article, we will discuss the 10 Most Undervalued NASDAQ Stocks to Buy Right Now.
On July 1, Palantir CEO Alex Karp joined CNBC’s ‘Squawk Box’ to discuss Palantir’s deal with NVIDIA. Karp then later explained that there is a growing level of discomfort and loss of trust among enterprises and battlefield users toward Frontier Labs. He suggested that many companies feel that they are wasting time and resources on tokens while receiving no real value and risking the loss of their proprietary data and IP. Karp clarified that his criticism is based on reporting and what he observed across the industry, noting that while he personally profits from the current AI landscape, his clients (who operate critical infrastructure in places like America, Ukraine, and Israel) are frustrated.
Karp also questioned the security of outsourcing critical national functions, such as battlefield applications, to the consensus view in Silicon Valley. He characterized the idea of outsourcing defense technology as insane, claiming that enterprise leaders across the country are livid about paying for tokens that offer no value and stealing business alpha. He contended that AI models have been irresponsibly ‘overselled’, creating a wealth tax that punishes businesses without providing the promised utility. Karp maintained that he is not speaking out of personal anger, but rather channeling the voice of American business. He concluded by urging investors who believe that the current trajectory of AI adoption is working to carefully test these claims, reiterating his conviction that current industry practices are unsustainable and detrimental to the country’s technological edge.
Amid this backdrop, undervalued NASDAQ stocks with established operations and long-term catalysts may offer a way for investors to gain a more balanced exposure to the market. In this article, we look at some of the most undervalued NASDAQ stocks to buy right now.
Our Methodology
We used screeners to identify NASDAQ stocks that are trading below a forward P/E of 15, and limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds.
Note: All data was sourced on July 3.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Insider Monkey’s quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).
10 Most Undervalued NASDAQ Stocks to Buy Right Now
10. Arch Capital Group Ltd. (NASDAQ:ACGL)
Number of Hedge Fund Holders: 40
Arch Capital Group Ltd. (NASDAQ:ACGL) is one of the 10 Most Undervalued NASDAQ Stocks to Buy Right Now. On June 17, Arch Capital announced the promotions of Jerome Halgan to CEO of Arch Global Reinsurance Group and Michael Schmeiser to CEO of Arch Global Mortgage Group. Both executives, who have held senior leadership roles within the company for several years, will continue to report to Arch President Maamoun Rajeh.
Halgan joined Arch Capital Group Ltd. in 2009 and has served as President and Chief Underwriting Officer of Arch Reinsurance Group, while Schmeiser, a member of the team since 2017, previously led Arch U.S. Mortgage as President and CEO. Their appointments are intended to reinforce Arch’s existing underwriting culture and promote consistent execution across its global insurance and reinsurance platforms.
In their new roles, Halgan and Schmeiser will focus on deepening client relationships, applying disciplined underwriting standards, and managing market cycles effectively. By using their extensive experience, the company aims to continue delivering long-term value to its shareholders and providing specialized solutions to its global client base.
Arch Capital Group Ltd. is a Bermuda-based insurance and reinsurance company. It provides property, casualty, and mortgage insurance solutions worldwide. The firm operates through three main segments: Insurance, Reinsurance, and Mortgage, with a strong presence in the US, Europe, and Bermuda.
9. Willis Towers Watson (NASDAQ:WTW)
Number of Hedge Fund Holders: 40
Willis Towers Watson (NASDAQ:WTW) is one of the 10 Most Undervalued NASDAQ Stocks to Buy Right Now. On July 1, Willis, a WTW business, announced the expansion of its CyMax Facility, a cyber insurance solution tailored for SMEs and middle-market companies across the EMEA region. Developed in partnership with insurers including AXA XL, Beazley, HDI Global, and Markel, the facility provides broader capacity, higher limits, and faster execution to address complex risks like ransomware, data breaches, and supply chain disruptions.
The updated offering streamlines the insurance process for brokers and clients through a simplified one-page application form and pre-agreed pricing grids, which significantly reduce administrative friction. The facility utilizes Willis Towers Watson’s (NASDAQ:WTW) proprietary wording (fully aligned with regulatory standards such as GDPR, NIS2, and DORA) to provide comprehensive financial protection, including coverage for business interruption and evolving threats such as social engineering and invoice manipulation.
Beyond financial coverage, the facility provides clients with access to specialized cyber expertise and pre- and post-breach services, including threat intelligence and crisis exercises. By shifting to a panel-based capacity model and offering more inclusive eligibility for companies with varying security controls, Willis aims to enhance cyber resilience and accessibility for businesses operating within a rapidly evolving threat landscape.
Willis Towers Watson provides advisory, broking, and risk solutions. The company’s service offerings include actuarial support, broking, strategy consulting, and plan management support. It also offers administrative support for life, medical, disability, voluntary, and other benefit programs.
8. Diamondback Energy Inc. (NASDAQ:FANG)
Number of Hedge Fund Holders: 52
Diamondback Energy Inc. (NASDAQ:FANG) is one of the 10 Most Undervalued NASDAQ Stocks to Buy Right Now. On July 1, Viper Energy, a subsidiary of Diamondback Energy, announced the completion of its acquisition of Riverbend Oil & Gas IX, LLC. The transaction involved the transfer of mineral and royalty interests to Viper in exchange for $337 million in cash and ~3.7 million shares of Viper’s Class A common stock, subject to customary post-closing adjustments.
The cash portion of the acquisition was financed through a mix of existing cash reserves and new borrowings under the company’s credit facility. By integrating these assets, Viper continues to execute its strategy of owning and exploiting oil-weighted properties, with a primary focus on the Permian Basin.
This acquisition marks a significant expansion of Viper’s mineral and royalty holdings in North America. As a corporation formed by Diamondback Energy Inc., Viper remains dedicated to acquiring and developing high-value energy interests to enhance its portfolio within its targeted oil-weighted basins.
Diamondback Energy Inc. is an independent American oil and natural gas company. It focuses on the exploration, acquisition, development, and production of unconventional onshore oil and gas reserves, operating exclusively in the Permian Basin in West Texas.
7. Northern Trust Corporation (NASDAQ:NTRS)
Number of Hedge Fund Holders: 52
Northern Trust Corporation (NASDAQ:NTRS) is one of the 10 Most Undervalued NASDAQ Stocks to Buy Right Now. On June 22, Northern Trust announced its appointment by TirNua Capital Partners to provide fund administration, depositary, and banking services for the firm’s inaugural infrastructure fund. The fund, which recently secured €340 million in commitments at its first close, is dedicated to financing projects that support the transition to a low-carbon economy, with a primary focus on Ireland and other OECD markets.
TirNua, a Dublin-based private markets manager, is an independent joint venture between Irish Life Investment Managers and a global private markets firm. The fund plans to target various infrastructure sectors, including renewable power, energy efficiency, clean transportation, and renewable fuels, leveraging Northern Trust’s extensive experience in managing alternative asset classes and specialized investment structures.
Northern Trust Corporation will support the fund throughout the investment lifecycle, providing a full suite of asset servicing solutions as TirNua works to deploy capital into critical infrastructure projects that promote sustainable economic growth.
Northern Trust Corporation is a financial holding company that operates through its subsidiaries, including The Northern Trust Company (Bank). It offers wealth management, asset servicing, asset management, and banking solutions to corporations, institutions, families, and individuals.
6. Zoom Communications Inc. (NASDAQ:ZM)
Number of Hedge Fund Holders: 60
Zoom Communications Inc. (NASDAQ:ZM) is one of the 10 Most Undervalued NASDAQ Stocks to Buy Right Now. On July 2, Zoom Communications announced a definitive agreement to acquire Common Room, an AI-native Go-to-Market intelligence platform. This acquisition aims to unify fragmented customer data and buying signals, providing revenue teams with person-level buyer intelligence that can be activated through specialized AI agents.
Common Room’s technology integrates data from CRMs, product usage, and marketing platforms to create a continuous view of buyers, while its “RoomieAI” agents automate prospecting and research. By incorporating this intelligence into Zoom Communications Inc.’s (NASDAQ:ZM) existing revenue orchestration platform, the company intends to help sales representatives identify high-priority accounts and personalize outreach before calls occur.
The integration is designed to streamline the revenue journey, allowing teams to move away from using multiple disjointed tools toward a single, unified system. The transaction is expected to close in the coming weeks, though financial terms of the deal were not disclosed.
Zoom Communications Inc. provides an AI-first collaboration platform including video, voice, and chat services. The California-based company empowers modern hybrid work by offering seamless communication and collaboration capabilities to global enterprises and individuals.
5. Viatris Inc. (NASDAQ:VTRS)
Number of Hedge Fund Holders: 60
Viatris Inc. (NASDAQ:VTRS) is one of the 10 Most Undervalued NASDAQ Stocks to Buy Right Now. On June 29, Viatris announced positive top-line results from a Phase 3 clinical trial of VR-205 (targeted-release budesonide) in Japanese adults with primary immunoglobulin A nephropathy (IgAN). The study met its primary endpoint, demonstrating a statistically significant 33.75% reduction in urine protein-to-creatinine ratio after nine months of treatment, while also showing improvements in kidney function and sustained proteinuria reduction.
The clinical profile observed in Japanese patients was consistent with results from previous global studies, and the treatment was reported to be well tolerated with no participants progressing to dialysis, kidney transplant, or severe renal impairment during the study. These findings represent a significant milestone for Viatris, as the company seeks to address the high incidence of IgAN in Japan, where it is a leading cause of chronic glomerulonephritis and end-stage renal disease.
Building on these results, Viatris Inc. is now targeting the submission of a NDA in Japan by the end of 2026. If approved, VR-205 would become the first IgAN-specific, targeted-release budesonide oral therapy in the country, providing a potentially disease-modifying treatment option for a condition that currently lacks curative therapies.
Viatris Inc. is a healthcare company operating across Japan, Europe, Hong Kong, Africa, North America, Australia, the Middle East, New Zealand, Taiwan, Latin America, China, and the rest of Asia. The company operates through the JANZ, Developed Markets, Emerging Markets, and Greater China segments.
4. Biogen Inc. (NASDAQ:BIIB)
Number of Hedge Fund Holders: 64
Biogen Inc. (NASDAQ:BIIB) is one of the 10 Most Undervalued NASDAQ Stocks to Buy Right Now. On June 29, it was reported that Biogen is scaling back Apellis Pharmaceuticals’ research pipeline and reducing its R&D staff, weeks after completing a $5.6 billion acquisition of the company. Biogen has suspended several legacy research programs, including Phase II studies for Empaveli in treating delayed graft function and focal segmental glomerulosclerosis, citing strategic evaluations and recruitment challenges.
While the future of Apellis’ preclinical assets (such as its RNA-based therapies and gene-editing project) remains unclear, Biogen is maintaining its focus on a key Phase II trial for its eye disease therapy, Syfovre, in combination with an RNA interference inhibitor. This move indicates that Biogen’s primary interest lies in the established commercial value of the pegcetacoplan franchise, which is marketed as both Empaveli and Syfovre.
Biogen Inc.’s (NASDAQ:BIIB) strategic thinning of the pipeline appears designed to prioritize the most profitable assets acquired in the deal, with forecasts suggesting the pegcetacoplan franchise could generate $785 million by 2032. Although the company has not provided specific details regarding every program slated for closure, the shifts underscore a broader consolidation effort following the high-profile rare disease buyout.
Biogen Inc. is a biopharmaceutical firm that works on identifying, making, and providing drugs for neurological and neurodegenerative diseases.
3. Gilead Sciences Inc. (NASDAQ:GILD)
Number of Hedge Fund Holders: 77
Gilead Sciences Inc. (NASDAQ:GILD) is one of the 10 Most Undervalued NASDAQ Stocks to Buy Right Now. On June 25, Gilead Sciences announced FDA approval for Trodelvy as a first-line treatment for metastatic triple-negative breast cancer (mTNBC). It is now approved as a single agent or in combination with Keytruda, becoming the first antibody-drug conjugate authorized for this setting regardless of PD-L1 status.
The approval follows successful Phase 3 trials showing significantly improved progression-free survival and more durable responses compared to standard chemotherapy. Based on these results, the National Comprehensive Cancer Network now lists Trodelvy as a category 1 preferred first-line treatment.
This milestone expands Trodelvy’s clinical utility, building on its existing use in later-stage breast cancer treatments. With over 75,000 patients treated globally, this new indication provides a vital standard-of-care option for a disease that has historically lacked diverse first-line therapies.
Gilead Sciences Inc. is a drug manufacturer that develops medicines for unmet medical needs. The company provides treatments for HIV-1, chronic hepatitis C, primary biliary cholangitis, chronic hepatitis B, and serious invasive fungal infections. It also offers T-cell and CAR T-cell therapies for adult patients, intravenous injections, and treatments for COVID-19.
2. Booking Holdings Inc. (NASDAQ:BKNG)
Number of Hedge Fund Holders: 95
Booking Holdings Inc. (NASDAQ:BKNG) is one of the 10 Most Undervalued NASDAQ Stocks to Buy Right Now. On July 3, Checkout.com announced a new partnership with digital travel platform Agoda, a subsidiary of Booking Holdings, to optimize payment processing across more than six million properties worldwide. By integrating Checkout.com’s infrastructure, Agoda aims to ensure reliable transaction performance across diverse markets, currencies, and high-demand periods.
A central component of this collaboration is the implementation of Intelligent Acceptance, Checkout.com’s AI-powered tool that uses real-time data to optimize transaction routing and approval rates. These enhancements, alongside network tokenization and real-time account updates, help minimize failed transactions and reduce false declines within Agoda’s complex global payment ecosystem.
Additionally, the partnership strengthens Agoda’s virtual card issuing capabilities to streamline payments to its global supplier network. Through this single, connected platform, Agoda maintains consistent oversight and operational control, ensuring the seamless processing of supplier payments at scale.
Booking Holdings Inc. provides online travel and related solutions through its brands: Booking.com, Priceline, Agoda, KAYAK, and OpenTable. The company is based in Norwalk, Connecticut, and was founded in July 1997 by Jay Scott Walker.
1. Sandisk Corporation (NASDAQ:SNDK)
Number of Hedge Fund Holders: 114
Sandisk Corporation (NASDAQ:SNDK) is one of the 10 Most Undervalued NASDAQ Stocks to Buy Right Now. On July 3, Kioxia and Sandisk announced the start of production for their 10th-generation 3D flash memory technology at the Fab2 (K2) facility in Kitakami, Japan. This milestone follows the plant’s opening in September 2025 and is part of a multi-year effort to increase manufacturing capacity to meet rising global demand for NAND flash memory, particularly for AI-driven applications.
The K2 facility uses advanced CBA technology, earthquake-resistant architecture, and artificial intelligence to maximize manufacturing efficiency and energy savings. By scaling production of both 8th- and 10th-generation products, the companies aim to provide high-performance, high-capacity, and low-power storage solutions that support their long-term growth targets.
This launch underscores the strength of the companies’ long-standing joint venture, which was recently extended through December 2034. Through continued investments in the Kitakami plant, Kioxia and Sandisk Corporation plan to maintain their competitiveness in the semiconductor industry while fostering economic development and strengthening US-Japan manufacturing relations.
Sandisk Corporation develops and manufactures data storage devices and solutions based on NAND flash technology. Its offerings include solid-state drives, embedded products, removable cards, USB drives, and wafers and components, sold through consumer brands and global franchises.
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