In this article, we will list the 5 Trending US Stocks to Buy Now. Please visit 10 Trending US Stocks to Buy Now if you would like to see the extended list and the methodology behind it.
5. Eli Lilly and Company (NYSE:LLY)
Number of Hedge Fund Holders: 132
Eli Lilly and Company (NYSE:LLY) is one of the top trending US stocks to buy now. Eli Lilly and Company (NYSE:LLY) and BioArctic AB announced on June 22 their entry into a research and collaboration agreement regarding a potential new treatment combining BioArctic’s proprietary BrainTransporter technology with an undisclosed Lilly drug candidate in neurodegeneration. Management stated that BioArctic will receive USD 30 million in upfront payment as part of the agreement, and will be eligible to receive additional milestone payments of up to USD 770 million in addition to the upfront payment. The company will also be entitled to tiered mid-single-digit royalties on future global product sales if the product reaches the market.
Eli Lilly and Company (NYSE:LLY) further reported that under the terms of the collaboration, BioArctic will generate a new drug candidate by bringing together the BrainTransporter technology with a Lilly proprietary molecule. It added that full responsibility for the global development and commercialization of the drug candidate and related products will be assumed by Eli Lilly and Company (NYSE:LLY).
Eli Lilly and Company (NYSE:LLY) develops, manufactures, discovers, and sells pharmaceutical products. These products span oncology, diabetes, immunology, neuroscience, and other therapies.
4. Uber Technologies, Inc. (NYSE:UBER)
Number of Hedge Fund Holders: 153
Uber Technologies, Inc. (NYSE:UBER) is one of the top trending US stocks to buy now. Reuters reported on June 22 that Uber Technologies’ (NYSE:UBER) board was sued on Monday by shareholders accusing directors and management of letting the company cut corners on compliance, resulting in thousands of lawsuits from victims of harassment and sexual assault. The complaint was filed in San Francisco federal court, with shareholders led by a Detroit pension fund saying that board members ignored repeated internal and external warnings regarding the company’s alleged failure to address sexual abuse by drivers.
In another development, Reuters reported on June 11 that Lyft has joined Uber Technologies, Inc. (NYSE:UBER) in suing New York City to block a new law that, according to them, would force them to keep bad drivers who threaten passenger and public safety on their platforms. Lyft’s lawsuit was filed in Manhattan federal court late Wednesday, 24 hours after Uber Technologies, Inc. (NYSE:UBER) sued the city. The two companies are challenging Local Law 52 of 2026, which generally prevents large ride-sharing companies from swiftly dismissing drivers absent a “just cause” or “bona fide economic reason”. The law would take effect on July 28.
Uber Technologies, Inc. (NYSE:UBER) operates as a technology platform that offers ride services and merchant delivery service providers for food, groceries, meal preparation, and other delivery services. The company’s operations are divided into Delivery, Mobility, and Freight. It is pioneering the introduction of autonomous vehicles to move people and goods more reliably, efficiently, and affordably.
3. Meta Platforms, Inc. (NASDAQ:META)
Number of Hedge Fund Holders: 262
Meta Platforms, Inc. (NASDAQ:META) is one of the top trending US stocks to buy now. Reuters reported on June 22 that Kunal Shah, founder of the Indian fintech firm, will become Meta-owned WhatsApp’s new leader, according to Meta Platforms, Inc.’s (NASDAQ:META) current head Will Cathcart statement on Monday in a post on X. It further stated that the announcement came after CRED announced it will raise about $900 million from Meta Platforms, Inc. (NASDAQ:META).
In a separate development, Meta Platforms, Inc. (NASDAQ:META) announced on June 22 that starting today, Instagram for TV is now available on Samsung Smart TVs in the United States. This includes 2020 model year TVs and newer, and combined with Amazon Fire TV and Google TV, Instagram is now available across the majority of connected TV devices in the country.
Users can send Reels directly from their phone to their TV in a few taps, with casting available on Google TV and Fire TV, including videos from the Saved tab. They can also catch up on what their friends and other creators are sharing, without the need for crowding around a phone.
Meta Platforms, Inc. (NASDAQ:META) builds technological products that allow people to share, connect, grow businesses, and find communities. These products help people connect through personal computers, mobile devices, virtual reality (VR), mixed reality (MR) headsets, and wearables.
2. Alphabet Inc. (NASDAQ:GOOG)
Number of Hedge Fund Holders: 353
Alphabet Inc. (NASDAQ:GOOG) is one of the top trending US stocks to buy now. Alphabet Inc. (NASDAQ:GOOG) announced on June 22 an expanded partnership between Google Cloud and Nokia, aimed at integrating Google’s Gemini models into Nokia’s network software suite, the Nokia Assurance Center. Management stated that by developing six AI agents built with Gemini, which is the most capable family of multimodal models by Google, Nokia will advance its capacity to help telecommunication providers resolve network issues quickly, reduce operational costs, and step towards fully automated, self-driving operations.
In a separate development, Reuters reported on June 17 that Britain’s competition watchdog has ordered Alphabet Inc.’s (NASDAQ:GOOG) Google to provide greater transparency on the workings of its search ranking, which is a part of the new rules that aim to secure a “fairer deal” for businesses and address the concerns associated with the company’s dominance in the sector. It further reported that according to the Competition and Markets Authority’s statement on Wednesday, Google’s organic search results must be ranked using objective criteria, along with the introduction of clearer complaint processes, increased transparency over ranking, and allowing the transfer of their search data to authorized third parties.
Alphabet Inc. (NASDAQ:GOOG) is a holding company with segments including Google Services, Google Cloud, and Other Bets. The Google Services segment operates various services and products, including Android, Google Maps, Google Play, Chrome, Search, and YouTube.
1. Amazon.com, Inc. (NASDAQ:AMZN)
Number of Hedge Fund Holders: 353
Amazon.com, Inc. (NASDAQ:AMZN) is one of the top trending US stocks to buy now. Reuters reported on June 19 that Amazon.com, Inc. (NASDAQ:AMZN) announced on Friday that its Indian operations reached a significant milestone in water conservation. This came at a time when global tech giants are facing mounting pressure regarding their use of resources for the expansion of AI data centers.
Amazon.com, Inc. (NASDAQ:AMZN) announced that it turned “water positive” in India this year, which means that it returns more water to communities than it uses in its operations. These include warehouses, data centers, and corporate offices. Reuters also reported that the company accomplished this goal a year earlier than planned, supported by projects such as efficient irrigation and watershed restoration, and by reducing the use of water at its facilities. Reuters reported earlier this year that Amazon.com, Inc. (NASDAQ:AMZN), Microsoft, and Alphabet are among the major tech giants facing activist and shareholder pushback regarding the detrimental environmental effects of data center projects.
Amazon.com, Inc. (NASDAQ:AMZN) provides its customers with a range of products and services. It offers advanced tools for AR and VR developers through its Amazon Web Services (AWS) platform.
While we acknowledge the potential of AMZN 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 AMZN and that has 100x upside potential, check out our report about the cheapest AI stock.
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