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.
8. Texas Instruments Incorporated (NASDAQ:TXN)
Goldman Sachs Equity Stake: $2,253,925,816
Number of Hedge Fund Holders: 68
Texas Instruments Incorporated (NASDAQ:TXN) is one of the top tech stocks to buy now according to Goldman Sachs. On August 21, the company announced that its semiconductors are enabling the radar imaging and scientific exploration payloads for the NISAR satellite. Their technology is used for efficient power management, high-speed data transfer, and precise signal sampling and timing, all of which are essential for the satellite’s next-generation capabilities.
The NISAR satellite was launched into orbit on July 30, 2025, and is a joint mission between America’s NASA and the Indian Space Research Organization’s Space Applications Centre (SAC-ISRO). NISAR is the first satellite to use dual-band synthetic aperture radar (SAR) technology to capture high-resolution images of Earth’s surface, day or night, and in all weather conditions.
Texas Instruments (TI) stated that it provided space-grade semiconductors for the mission. The semiconductors are designed to withstand harsh space environments, enabling the satellite’s radar imaging and scientific exploration capabilities.
Shri Nilesh Desai, Director, SAC-ISRO, stated, “From selecting the right products to ensuring consistent support across development cycles, TI’s technical expertise helped us navigate complex payload requirements.”
On her part, Elizabeth Jansen, TI India’s sales and applications director, said, “Building on more than 60 years of expertise, TI’s radiation-hardened and radiation-tolerant semiconductors are ready to meet the evolving demands of the space market.”
Texas Instruments Incorporated (NASDAQ:TXN) designs and manufactures analog and embedded semiconductors used in industrial, automotive, personal electronics, and communications equipment. Its analog chips manage power and signal flow in devices, while its embedded processors support automation and connectivity.
7. Salesforce, Inc. (NYSE:CRM)
Goldman Sachs Equity Stake: $2,272,082,596
Number of Hedge Fund Holders: 121
Salesforce, Inc. (NYSE:CRM) is one of the top tech stocks to buy now according to Goldman Sachs. On August 28, Cantor Fitzgerald reiterated its “Overweight” rating and $325 price target for Salesforce. The firm cited Salesforce’s strong momentum with its AI-powered Agentforce product and the potential for a new pricing strategy to drive revenue growth. Cantor Fitzgerald considers Salesforce to be a “top-quality company” within its coverage.
The analysts noted Salesforce’s strong operational efficiency, highlighted by impressive gross profit margins of 77.3%. They advised investors to pay attention to growth in three areas ahead of Salesforce’s earnings report on September 3, 2025: “Data Cloud & Agentforce, Service Cloud, and forward pipeline activity.” These areas are seen as critical drivers of the company’s future performance, especially as Salesforce approaches its Dreamforce event in October 2025.
The firm reported that most Agentforce projects are still in testing and pilot phases. Still, some partners are seeing progress, with approximately 20% of these projects advancing to Phase II deployments. Cantor Fitzgerald expects that nearly 40% of customers could expand their implementation scope over the next 12 months.
Salesforce, Inc. (NYSE:CRM) is a cloud-based software company that provides customer relationship management (CRM) platforms and enterprise applications focused on sales, service, marketing, analytics, and commerce. Its technology stack includes tools like Data Cloud, Agentforce, Slack, and Tableau.
6. Cisco Systems, Inc. (NASDAQ:CSCO)
Goldman Sachs Equity Stake: $2,300,008,600
Number of Hedge Fund Holders: 81
Cisco Systems, Inc. (NASDAQ:CSCO) is one of the top tech stocks to buy now according to Goldman Sachs. On August 22, the company demonstrated that it is redefining its growth trajectory. Cisco is leveraging over $2 billion in AI infrastructure orders, expanding its software and services revenue, and initiating a major enterprise networking upgrade cycle – all of which position it as a stable yet growth-oriented tech leader.
In its Q4 2025 earnings report, the company projected the FY2026 revenue to be between $59 billion and $60 billion, and non-GAAP EPS of $4.00 to $4.06. Three distinct growth engines underpin this bullish guidance.
First, the AI infrastructure momentum. For context, the company secured over $2 billion in AI-related orders in fiscal year 2025, surpassing its initial target by a factor of two. Its 800G Ethernet and Nexus switches are critical to AI data center buildouts, and the company’s customer base is expanding.
Second, software and services transformation. This is evident in the fact that Cisco now has $31.1 billion in Annual Recurring Revenue (ARR) following the acquisition of Splunk; subscription revenue accounts for approximately 54% of total revenue; and the company now leads in cybersecurity and observability.
Lastly, the enterprise networking refresh cycle. For instance, the launch of Catalyst 9000 smart switches triggers a multi-year upgrade cycle; AI workloads require faster, more secure on-prem networks; and legacy systems are ripe for replacement, creating a reliable revenue stream.
Cisco Systems, Inc. (NASDAQ:CSCO) designs and sells networking hardware, software, and telecommunications equipment that power enterprise, service provider, and government IT infrastructures. Its core offerings include routers, switches, cybersecurity solutions, and collaboration platforms like Webex.
5. Oracle Corporation (NYSE:ORCL)
Goldman Sachs Equity Stake: $2,716,325,004
Number of Hedge Fund Holders: 124
Oracle Corporation (NYSE:ORCL) is one of the top tech stocks to buy now according to Goldman Sachs. On August 27, the company introduced “significant enhancements” to its Electronic Data Capture (EDC) solution for clinical trials. The enhanced solution is called Oracle Clinical One Data Collection. It is part of Oracle’s broader Clinical One platform, which is designed to unify various aspects of clinical research.
The updates focus on three primary areas: A new feature, the Oracle Clinical Connector, uses artificial intelligence to securely transfer data directly from Electronic Health Record (EHR) systems to the Clinical One Data Collection platform; the solution now allows research sites to upload both structured and unstructured data directly into the platform using a mobile device; and safety reporting has been integrated directly into the workflow.
These enhancements are part of Oracle’s strategy to address critical friction points in clinical research and create a more open, connected healthcare ecosystem. The company stated that its overarching goal is to reduce the burden on clinical sites, improve data integrity, and help pharmaceutical companies accelerate the process of bringing new therapies to market.
Oracle Corporation (NYSE:ORCL) is an enterprise software and cloud services company. It develops database management systems, middleware, and business applications, while also offering cloud infrastructure solutions to organizations worldwide.
4. Broadcom Inc. (NASDAQ:AVGO)
Goldman Sachs Equity Stake: $10,236,202,629
Number of Hedge Fund Holders: 156
Broadcom Inc. (NASDAQ:AVGO) is one of the top tech stocks to buy now according to Goldman Sachs. On August 26, Walmart selected Broadcom as a “strategic vendor” for virtualization software solutions. The core of this collaboration is the deployment of VMware Cloud Foundation (VCF) to create a modern private cloud and edge environment for Walmart’s operations worldwide.
Broadcom’s VCF will help the giant retailer to unify its globally distributed operations and support its efforts to modernize retail technology. The goal is to enhance the shopping experience for customers, improve operational efficiency, and accelerate the development and delivery of new services. VCF’s implementation is expected to deliver enhanced agility and scalability, reduced operational complexity, simplified workload portability, and improved security and surveillance.
Paul Turner, VP of Products for VMware Cloud Foundation at Broadcom, said, “Being named as a strategic vendor for virtualization by Walmart is a testament to the innovation and value our VMware software can bring to a global, trusted brand.” He added, “VMware Cloud Foundation will provide the consistent and scalable private cloud infrastructure that plays a role in helping Walmart lead the next retail disruption”.
Broadcom’s management believes this collaboration strengthens its position in retail technology transformation, with VCF adopted by 87% of its top 10,000 customers. They also see the collaboration as a validation for the company’s VMware strategy.
Broadcom Inc. (NASDAQ:AVGO) develops semiconductor and infrastructure software solutions used in data centers, networking, broadband, and wireless communications. Its custom chips support AI workloads, and its networking silicon enables high-speed data transfer.
3. Apple Inc. (NASDAQ:AAPL)
Goldman Sachs Equity Stake: $18,654,479,053
Number of Hedge Fund Holders: 156
Apple Inc. (NASDAQ:AAPL) is one of the top tech stocks to buy now according to Goldman Sachs. On August 27, the company teamed up with the digital radio platform TuneIn to distribute its six commercial-free, live radio stations on a global network of devices. This is the first time Apple’s 24/7 radio programming has been made available outside of its own native ecosystem.
Through this collaboration, Apple’s radio stations will become accessible to TuneIn’s more than 75 million monthly active users. This will allow the stations to be streamed on over 200 connected devices supported by TuneIn, including smart speakers, headphones, and in-car systems from over 15 automotive brands. The six Apple Music radio stations now available on TuneIn are: Apple Music 1, Apple Music Hits, Apple Music Country, Apple Música Uno, Apple Music Club, and Apple Music Chill.
Apple aims to leverage this partnership to expand its reach and attract more users, particularly in the face of rival Spotify. According to a report citing MIDiA Research, Apple’s share of digital music subscribers in the US fell to 25% at the end of last year from 30% in 2020, while Spotify’s share increased.
Apple Inc. (NASDAQ:AAPL) designs and markets consumer electronics, software, and digital services worldwide. Its product lineup includes the iPhone, iPad, Mac, and Apple Watch, complemented by platforms such as the App Store, iCloud, Apple Music, and Apple Pay.
2. Microsoft Corporation (NASDAQ:MSFT)
Goldman Sachs Equity Stake: $23,237,579,794
Number of Hedge Fund Holders: 294
Microsoft Corporation (NASDAQ:MSFT) is one of the top tech stocks to buy now according to Goldman Sachs. On August 27, the company integrated its Copilot AI assistant into select 2025 Samsung TVs and monitors. The service is free to use and will be available on models including Micro RGB, Neo QLED, OLED, The Frame Pro, The Frame, as well as the M7, M8, and M9 Smart Monitors. Microsoft plans to expand the availability to more models and regions in the future.
The AI assistant is a voice-powered tool featuring a friendly on-screen character with expressive features that match the tone of the conversation. It responds with both voice and “rich, glanceable cards” that display information like movie ratings and photos. Copilot is designed to be a “personal and helpful companion” in the living room. It can assist with a variety of tasks, including finding content to watch, answering everyday help questions, and performing post-watch deep dives.
This Copilot integration is part of a continuing partnership between Microsoft and Samsung, which has previously included bringing features like Windows and Office to Galaxy devices.
Microsoft Corporation (NASDAQ:MSFT) develops software, hardware, and cloud services used by businesses and consumers worldwide. Its core products include the Windows operating system, the Microsoft Office suite, and the Azure cloud platform, alongside LinkedIn, Xbox, and various enterprise solutions.
1. NVIDIA Corporation (NASDAQ:NVDA)
Goldman Sachs Equity Stake: $25,282,674,423
Number of Hedge Fund Holders: 235
NVIDIA Corporation (NASDAQ:NVDA) is one of the top tech stocks to buy now according to Goldman Sachs. On August 27, the company reported record-breaking results for the quarter that ended on July 27, 2025 (Q2 FY2025). The total revenue reached $46.7 billion, a 6% increase from the previous quarter and a massive 56% increase from the same time last year. On a non-GAAP basis, the earnings per share (EPS) came in at $1.05, a 54% jump from a year ago.
NVIDIA’s growth continues to be overwhelmingly driven by its Data Center division, which brought in $41.1 billion in revenue (nearly 88% of the company’s total sales). This is a 56% increase from a year ago. A key driver was the Blackwell platform, NVIDIA’s latest generation of AI chips, which saw its revenue grow by 17% from the previous quarter. The Gaming segment also performed very well, with revenues reaching $4.3 billion (a 49% increase year-over-year). The Automotive and Robotics segment showed strong growth as well, with revenue of $586 million, a 69% increase from a year ago.
NVIDIA projected $54.0 billion in revenue for Q3 fiscal 2026. This forecast does not assume any H20 chip sales to China.
NVIDIA Corporation (NASDAQ:NVDA) designs graphics processing units (GPUs), system-on-chip platforms, and software. Its products are used in gaming, data centers, autonomous vehicles, and AI applications. Its data center segment, powered by the Blackwell architecture, delivers high-performance computing for training and deploying large AI models.
While we acknowledge the potential of NVIDIA Corporation (NASDAQ:NVDA) as an investment, 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 NVDA and that has 100x upside potential, check out our report about this cheapest AI stock.
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