In this article, we highlight the Goldman Sachs Tech Stocks: Top 10 Stocks to Buy Now.
The US technology sector continues to be a central driving force in the markets. On Thursday, August 28, the S&P 500 rose 0.43% to 6,501.86 – a fresh record for the benchmark index. The tech-heavy Nasdaq Composite gained 0.63%, also touching a record high. These fresh records, according to Capital Economics chief North America economist Paul Ashworth, indicate “increasingly concrete signs of an AI-related boom in tech investment.”
However, the market is increasingly concentrated. The “Magnificent Seven” mega-cap tech firms now represent approximately 34% of the S&P 500’s market value, a historic level of dominance that amplifies concentration risk. For context, the largest 10 companies accounted for 23% of the index’s market value during the dot-com era.
Against this backdrop, Goldman Sachs is cautiously optimistic about the trajectory of the tech sector. In an August 8 podcast, Peter Callahan, Goldman’s US Technology, Media & Telecommunications sector specialist, noted that strong earnings have pushed the US tech giants to new record highs and suggested that there may still be momentum left in those trends.
That said, this post highlights several Goldman Sachs–endorsed technology stocks that could offer a substantial upside.
Our Methodology
To identify the Goldman Sachs Tech Stocks: Top 10 Stocks to Buy Now, we analyzed Goldman Sachs Group Inc.’s Q2 2025 13F portfolio filings. From the holdings, we focused exclusively on technology companies and shortlisted the largest positions by equity stake. To provide additional context, we also considered hedge fund sentiment, examining how popular these stocks were among other leading hedge funds in Q2 2025, using data from Insider Monkey’s database. The final list is presented in ascending order of Goldman Sachs’ equity stake size in each stock.
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. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Goldman Sachs Tech Stocks: Top 10 Stocks to Buy Now
10. Micron Technology, Inc. (NASDAQ:MU)
Goldman Sachs Equity Stake: $1,645,197,749
Number of Hedge Fund Holders: 94
Micron Technology, Inc. (NASDAQ:MU) is one of the top tech stocks to buy now according to Goldman Sachs. On August 25, Cantor Fitzgerald maintained its “Overweight” rating and a price target of $155 for Micron. The decision was based on Micron’s strong position in the High Bandwidth Memory (HBM) market.
The firm believes Micron will maintain its competitive position in the HBM market due to its “performance/watt advantage” and “stable supply,” which ensures continued demand for its HBM products. They expect Micron to hold its ground even as Samsung gains HBM market share, primarily at the expense of Hynix rather than Micron.
The firm noted that Samsung faces significant technological hurdles in HBM production, including thermal/power issues, as well as poor yields. These challenges are expected to limit Samsung’s ability to overtake Micron’s market position. Cantor Fitzgerald emphasized that the HBM market will become more challenging as technology advances, particularly with the transition to HBM4E, which requires “customized logic base dies” and higher stacks. These complexities are seen as additional barriers for competitors and reinforce Micron’s strong position.
Micron Technology, Inc. (NASDAQ:MU) is a semiconductor manufacturer. It produces memory and storage solutions, including DRAM, NOR, and NAND flash products. These products are essential components for smartphones, personal computers, data centers, automotive systems, and industrial applications.
9. Accenture PLC (NYSE:ACN)
Goldman Sachs Equity Stake: $1,924,054,314
Number of Hedge Fund Holders: 65
Accenture PLC (NYSE:ACN) is one of the top tech stocks to buy now according to Goldman Sachs. On August 27, the company publicized its decision to acquire NeuraFlash, a consulting company specializing in Salesforce and generative AI (gen AI) solutions. However, completion is subject to customary closing conditions, including regulatory approval and required antitrust clearances. Accenture stated that the acquisition will “further enhance” its capabilities in Salesforce, gen AI, and managed services. The other goal is for the company to expand its reach into the global mid-market.
If the acquisition closes, Accenture will gain approximately 510 experienced professionals. These professionals are primarily located in North America, with additional teams in Colombia and India. The deal is expected to help clients deploy and scale intelligent solutions faster by combining Accenture’s technology and industry knowledge with NeuraFlash’s expertise.
NeuraFlash is only one of Accenture’s several recent acquisitions. Others include CyberCX (cybersecurity), The Highlands Consulting Group (management consulting), and Superdigital (influencer agency).
Accenture PLC (NYSE:ACN) is a global professional services company that provides strategy, consulting, digital transformation, and technology operations to clients across more than 120 countries. Its technology segment delivers services in cloud migration, software engineering, data analytics, cybersecurity, and AI integration.
