American stocks moved up a bit on Monday, April 14 as investors focused on news about tech companies getting a break from President Trump’s tariffs. The S&P 500 rose by 0.8%, the tech-heavy Nasdaq rose by 0.6%, and the Dow Jones Industrial Average increased by about 0.7%.
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In recent days, President Trump and his advisers have given mixed signals on the future of tariffs on China and on specific industries. Over the weekend, big American tech companies scored a victory when it was revealed that the US had not put tariffs on smartphones, computers, and other consumer electronics.
However, on Sunday, US Commerce Secretary Howard Lutnick stated that these electronics would soon be covered under new tariffs, which would be different from those imposed on specific countries. President Trump also posted on social media that there would be “no exception” for these products. He also said that the government is looking at semiconductors and the entire electronics supply chain in the upcoming National Security Tariff Investigations.
Last week was the best week for the major indexes since at least 2023. However, with all this uncertainty, Wall Street is getting ready for another week of potential tariff-fueled ups and downs.
With this background in mind, let’s take a look at the 14 best American tech stocks to buy now.
A technical stock market chart. Photo by Energepic from Pexels
Our Methodology
To compile our list of the 14 best American tech stocks to buy now, we used stock screeners from Finviz and Yahoo Finance to find the largest American technology companies. We sorted our results based on market capitalization and picked the top 30 American stocks. Next, we focused on the 14 stocks most favored by institutional investors. Data for the hedge fund sentiment surrounding each stock was taken from Insider Monkey’s Q4 2024 database of more than 1,000 elite hedge funds. Finally, the 14 best American tech stocks to buy now were ranked in ascending order based on the number of hedge funds holding stakes in them as of Q4 2024.
Why do we care about what hedge funds do? 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).
14 Best American Tech Stocks To Buy Now
14. AppLovin Corporation (NASDAQ:APP)
Number of Hedge Fund Holders: 95
AppLovin Corporation (NASDAQ:APP) is an American mobile technology company. It offers end-to-end software and AI solutions for businesses of every size to reach, monetize, and grow their global audiences. AppLovin Corporation (NASDAQ:APP) is actively working to improve its advertising AI models, which are still in early stages. The company also announced its intention to launch a self-service dashboard in 2025, which will be powered by AI agents to help its customers manage their campaigns more effectively. AppLovin Corporation (NASDAQ:APP) ranks among the best American stocks to buy now.
On April 9, Jefferies analyst James Heaney lowered the firm’s price target on AppLovin Corporation (NASDAQ:APP) from $600 to $460 but maintained a “Buy” rating. This adjustment was based on good feedback about the company’s e-commerce advertising platform. Heaney noted that advertisers participating in the pilot program achieved spending levels comparable to those on TikTok and YouTube without any drop in performance. Heaney also pointed out that the sales and conversions on AppLovin Corporation’s (NASDAQ:APP) platform are incremental and do not take away from results on other advertising platforms. The analyst noted that AppLovin Corporation (NASDAQ:APP) is currently trading at 16 times its forecasted FY26 EBITDA. According to Jefferies, a revenue beat in the first quarter and commentary on steady revenue growth of about 4-5% quarter-over-quarter could act as a catalyst for the stock.
13. Advanced Micro Devices, Inc. (NASDAQ:AMD)
Number of Hedge Fund Holders: 96
Advanced Micro Devices, Inc. (NASDAQ:AMD) is an American multinational technology corporation that is known for its graphics processing units (GPUs), microprocessors, and high-performance computing solutions. The company serves a variety of high-growth industries like gaming, data centers, and AI. Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the best American stocks to invest in.
On March 31, 2025, the company announced that it had completed its acquisition of ZT Systems, a leading provider of AI and general-purpose compute infrastructure to major hyperscale providers. This transaction will combine Advanced Micro Devices, Inc.’s (NASDAQ:AMD) CPU, GPU and networking silicon, open-source AMD ROCm software, and rack-scale systems capabilities to offer a new class of end-to-end AI solutions. The acquisition is also expected to accelerate the design and deployment of AMD-powered AI infrastructure at scale optimized for the cloud. ZT Systems’ design teams will join the AMD Data Center Solutions business unit. Advanced Micro Devices, Inc. (NASDAQ:AMD) anticipates the transaction to be accretive on a non-GAAP basis by the end of 2025.
12. Oracle Corporation (NYSE:ORCL)
Number of Hedge Fund Holders: 105
Oracle Corporation (NYSE:ORCL) is an American multinational computer technology and software company that offers a wide range of business-oriented products and services including Oracle Database, a relational database management system. The company offers one of the industry’s broadest and deepest suites of AI-powered cloud applications. Oracle Corporation (NYSE:ORCL) ranks among the best American stocks to buy right now.
On April 3, TD Cowen maintained a “Buy” rating on Oracle Corporation (NYSE:ORCL) with a price target of $210. This decision follows a recent visit by analysts to the corporation’s data center in Salt Lake City and a detailed briefing on the company’s cloud infrastructure and AI strategy. Oracle Corporation’s (NYSE:ORCL) management highlighted strong demand for AI, which continues to exceed supply, and also shared plans to expand the company’s GPU cluster capabilities from 65,000 to 131,000 by 2025. The company’s infrastructure is efficient and flexible as it is designed to seamlessly transition between AI training and inference workloads. Analysts believe that Oracle Cloud Infrastructure (OCI) is experiencing a period of ultra growth. In fiscal 2025 Q3, OCI reached annualized revenues of $10.6 billion, marking a 57% year-over-year growth in OCI consumption and Cloud Remaining Performance Obligations (RPO) growing over 90% year-over-year. Additionally, the growth in backlog, outpacing consumption, indicates future growth in OCI services. Over the past year, Oracle Corporation (NYSE:ORCL) has expanded its number of OCI customer-facing regions to 101 from 69, which is an increase of 46% and the corporation has a total of 176 live and planned regions. This positions it favorably against competitors like AWS, which has 36 regions, and Azure, which has over 60 regions. TD Cowen noted that Oracle Corporation (NYSE:ORCL) is positioned uniquely thanks to its small footprint capabilities and Dedicated Cloud offerings, which allow it to meet different market demands compared to other leading hyperscalers.
11. ServiceNow, Inc. (NYSE:NOW)
Number of Hedge Fund Holders: 110
ServiceNow, Inc. (NYSE:NOW) is an American technology and software company that provides a cloud-based platform for automating and managing digital workflows within enterprises across various industries. The company offers a range of solutions for IT, Operations, Customer Service, HR, Shared Services, Finance (back office), purpose-built Industry solutions, and more. All of these solutions are built on the Now Platform, which is powered by AI and streamlines processes across various departments and industries. ServiceNow, Inc. (NYSE:NOW) ranks among the best American stocks to buy now.
The company is investing in expanding its footprint and delivering AI-driven solutions for enterprises. On April 3, 2025, ServiceNow, Inc. (NYSE:NOW) announced its agreement to acquire Logik.ai, an industry leader with a modern, AI‑powered, and composable Configure, Price, Quote (CPQ) solution. Logik.ai’s advanced capabilities for sales and commerce will help ServiceNow, Inc. (NYSE:NOW) grow its Customer Relationship Management (CRM) footprint and enable sales organizations to close deals faster, enhance productivity levels, and achieve improved efficiency. This transaction will accelerate the company’s momentum in Sales and Order Management (SOM), which covers the commercial lifecycle from opportunity management, quoting, and order placement to delivery, renewals, and expansions. ServiceNow, Inc. (NYSE:NOW) expects that Logik.ai’s capabilities for AI‑powered selling will drive new levels of performance in sales and commerce for customers.
10. Adobe Inc. (NASDAQ:ADBE)
Number of Hedge Fund Holders: 117
Adobe Inc. (NASDAQ:ADBE) is an American technology and computer software company that offers creative software applications. The company’s products, services, and solutions allow individual creators, small businesses, and global enterprises to create, edit, and publish digital content across a range of media formats such as graphics, photography, video, and web design. Adobe Inc. (NASDAQ:ADBE) is one of the best American stocks to buy now.
On April 4, Mizuho Securities maintained an “Outperform” rating on Adobe Inc. (NASDAQ:ADBE) with a price target of $575. This decision came after in-person meetings with the company’s Chief Financial Officer Dan Durn, Digital Experience CFO and Interim Head of Investor Relations Steve Day, and Director of Investor Relations Nihar Barbhaiya. Adobe Inc.’s (NASDAQ:ADBE) executives highlighted the company’s strong market position and the potential for growth in revenue generation. Adobe Inc. (NASDAQ:ADBE) had a challenging year but Mizuho highlighted the company’s recent progress in monetizing its Generative AI innovations as a positive sign. The analysts also expressed confidence in Adobe Inc.’s (NASDAQ:ADBE) financial outlook. Despite increased macroeconomic uncertainty, they believe that the company’s fiscal year 2025 annual recurring revenue and overall revenue targets are achievable. Mizuho pointed out that Adobe Inc. (NASDAQ:ADBE) stands out as a unique software company that can achieve double-digit growth at scale, combined with strong and stable margins, all while trading below 15 times its projected free cash flow for calendar year 2026.
9. Broadcom Inc. (NASDAQ:AVGO)
Number of Hedge Fund Holders: 161
Broadcom Inc. (NASDAQ:AVGO) is a leading American technology company that designs, develops and supplies a broad range of semiconductor, enterprise software and security solutions. Through its product offerings, the company serves the data center, cloud, networking, broadband, wireless, storage, industrial, and enterprise software markets. The company provides a wide range of solutions including service provider and enterprise networking and storage, mobile device and broadband connectivity, mainframe, cybersecurity, and private and hybrid cloud infrastructure. Broadcom Inc. (NASDAQ:AVGO) is one of the best American stocks to buy.
The company is focused on expanding its portfolio through innovative solutions. On March 31, 2025, Broadcom Inc. (NASDAQ:AVGO) announced the expansion of its portfolio of optical interconnect solutions to support AI infrastructure. The new innovative technologies include advancements in co-packaged optics (CPO), 200G/lane DSP and SerDes, 400G optics, and PCIe Gen6 over optics. These innovative solutions are designed to support the growth and scalability of AI clusters. AI workloads require higher bandwidth, lower latency, and more power-efficient optical interconnects and Broadcom Inc. (NASDAQ:AVGO) is committed to meeting these demands. The company’s new solutions include low-power, high-bandwidth DSP, SerDes and CPO for reduced power consumption and improved signal integrity, and PCIe Gen6 over optics for enhanced connectivity between AI accelerators and other system components. Broadcom Inc. (NASDAQ:AVGO) also demonstrated its roadmap towards achieving 200T optical interconnect solutions.
8. Salesforce, Inc. (NYSE:CRM)
Number of Hedge Fund Holders: 162
Salesforce, Inc. (NYSE:CRM) is a leading American cloud-based software company that specializes in customer relationship management (CRM) solutions. The company provides software, tools, services, and applications for sales, customer service, marketing, e-commerce, analytics, and IT teams of any size, across any industry. Salesforce, Inc. (NYSE:CRM) operates the world’s top AI CRM platform and serves more than 150,000 businesses with its cloud-based software solutions. Salesforce, Inc. (NYSE:CRM) ranks among the best American stocks to buy now.
On April 9, Truist Securities reaffirmed a “Buy” rating on Salesforce, Inc. (NYSE:CRM) with a price target of $400. This came after an update on Salesforce Industries, one of the company’s key growth segments. Terry Tillman, an analyst at Truist Securities, shared insights after having a discussion with Jeff Amann, Executive Vice President & General Manager of Salesforce Industries. Salesforce Industries is known for its comprehensive vertical solutions tailored for specific industry processes and workflows that often attract premium pricing and drive new business growth. For fiscal year 2025, the segment reported $5.7 billion in annual recurring revenue (ARR), marking a 20% increase year-over-year. This growth reflects more than twice the overall revenue growth by Salesforce, Inc. (NYSE:CRM), which is 9% for the same period. The update highlighted the performance of industry solutions, the potential high-value impact of the company’s agentic AI platform: Agentforce, and the synergies between industry solutions and the broader applications and data segments. Despite a challenging macroeconomic environment, Tillman expressed confidence in the resilient growth of Salesforce Industries.
7. Uber Technologies, Inc. (NYSE:UBER)
Number of Hedge Fund Holders: 166
Uber Technologies, Inc. (NYSE:UBER) is an American multinational company that provides a range of services, including ride-hailing, food delivery through Uber Eats, courier services, and freight transport. The company operates in thousands of cities across 70 countries around the world. Uber Technologies, Inc. (NYSE:UBER) is one of the best American stocks to invest in.
The company is making strategic moves to improve customer loyalty and drive engagement across its platforms with subscription-based services. Uber Technologies, Inc. (NYSE:UBER) offers a paid membership program known as Uber One, which offers benefits like savings on both Uber rides and Uber Eats deliveries. In Q4 2024, the company successfully added 5 million new members to reach a total of 30 million members. This marks an increase of nearly 60% year-over-year. Uber Technologies, Inc. (NYSE:UBER) launched Uber One membership plans in 6 new countries during the quarter to bring the total number of countries with Uber One membership plans to 34. The company also introduced Uber One for Students to new countries across the EMEA, APAC, and LatAm regions.
Hardman Johnston Global Advisors, an investment management company, stated the following regarding Uber Technologies, Inc. (NYSE:UBER) in its “Hardman Johnston Global Equity” Q4 2024 investor letter:
“During the quarter, we initiated three new positions in Lennar Corporation, Bank of America Corp., and Uber Technologies, Inc. (NYSE:UBER). Uber is a leading platform company that facilitates ride-hailing, food delivery, and freight booking services, which each represent large and underpenetrated markets. Uber is active in more than 10,000 cities and approximately 70 countries globally, and Uber is a market leader with more than 65% market share in nearly all ride-sharing regions in which it operates. Uber should continue to benefit from secular tailwinds, product innovation, expansion, and network effects. The cross-selling of the Uber One membership program should drive both loyalty and engagement. International markets represent half the business and continue to be an important growth driver. Overall, we see sustained healthy topline growth for the company over the next three years with some insulation to global economic trends.”
6. Apple Inc. (NASDAQ:AAPL)
Number of Hedge Fund Holders: 166
Apple Inc. (NASDAQ:AAPL) is an American multinational technology company that designs, manufactures, and markets consumer electronics, software, and services. The company is best known for its products like the iPhone, iPad, and Mac computers, as well as services such as the App Store, iCloud, and Apple Pay. Apple Inc. (NASDAQ:AAPL) ranks among the best American stocks to invest in.
On April 9, Jefferies upgraded Apple Inc. (NASDAQ:AAPL) from “Underperform” to “Hold” but lowered the price target to $167.88 from the previous $202.33. This adjustment reflects concerns about the potential impacts of a global recession on iPhone demand and the expected price increases for future iPhone models. The analyst noted that Apple Inc. (NASDAQ:AAPL) is expected to be exempted from US tariffs because of its commitment to invest $500 billion in the US over the next four years. The analyst believes that the company will make further investments in US manufacturing, possibly including iPhone production. Despite this, a growing risk of a global recession could have a negative impact on iPhone demand. Jefferies has lowered its iPhone shipment forecasts by 3.6%, 7.7%, and 5.5% for fiscal years 2025, 2026, and 2027 respectively, which leads to a reduction in projected revenue by 2%, 4.1%, and 3.5% for the same fiscal years. The firm anticipates that Apple Inc. (NASDAQ:AAPL) will raise iPhone prices by $50 in 2026 for the iPhone 18 and by $100 in 2027 for the iPhone 19. These increases in price are expected to be mainly driven by higher hardware costs. Following these revisions, Jefferies now estimates earnings per share (EPS) estimates for Apple Inc. (NASDAQ:AAPL) lower than market consensus by 2.5%, 8.5%, and 3.4% for fiscal years 2025, 2026, and 2027, respectively.
5. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders: 223
NVIDIA Corporation (NASDAQ:NVDA) is an American technology company that engineers advanced chips, systems, and software for AI-driven solutions. The company’s graphics processing units (GPUs) are used in AI solutions and play a crucial role in AI infrastructure. NVIDIA Corporation (NASDAQ:NVDA) ranks among the best American stocks to invest in.
On April 7, Bernstein analysts reiterated an “Outperform” rating on NVIDIA Corporation (NASDAQ:NVDA) with a price target of $185. The analysts addressed investor concerns about the impact of tariffs on the company’s AI datacenter products and explained that the Mexico-sourced servers may be exempt from these tariffs. While semiconductors are largely exempted from recent reciprocal tariffs, NVIDIA Corporation’s (NASDAQ:NVDA) hardware products are generally subject to these tariffs. However, products from Mexico are exempt from new tariffs imposed by the Trump administration under the current US-Mexico-Canada Agreement (USMCA). The analysts pointed out that the “Trump Tariff Tsunami” has caused a market downturn that has affected not just NVDA but many companies. The analysts noted that the current market conditions are challenging but expressed confidence in NVIDIA Corporation’s (NASDAQ:NVDA) ongoing relevance in the AI industry. The analysts suggest that NVIDIA Corporation (NASDAQ:NVDA) presents an attractive investment opportunity because of its current valuation.
4. Alphabet Inc. (NASDAQ:GOOGL)
Number of Hedge Fund Holders: 234
Alphabet Inc. (NASDAQ:GOOGL) is an American multinational technology conglomerate holding company that owns a collection of companies, the largest of which is Google. The company’s products and platforms include Search, Ads, Chrome, Cloud, YouTube, and Android. These are used by billions of people around the world. Alphabet Inc. (NASDAQ:GOOGL) ranks among the best American stocks to buy in the tech sector.
In March 2025, Alphabet Inc. (NASDAQ:GOOGL) announced that Google has entered into an agreement to acquire Wiz, Inc., a leading cloud security platform for $32 billion. Wiz will become part of Google Cloud and this move is aimed at accelerating large and growing trends in the AI era, more particularly cloud security and the ability to use multiple clouds. Wiz delivers an easy-to-use security platform that connects to all major clouds and code environments to help organizations of all sizes prevent cybersecurity incidents. Wiz continues to deliver new products with strong adoption and has begun to deliver new categories of cybersecurity solutions over the past 12 months. Alphabet Inc. (NASDAQ:GOOGL) can greatly benefit from this acquisition and strengthen Google Cloud’s position in the fast-growing cybersecurity and cloud computing sectors.
3. Meta Platforms, Inc. (NASDAQ:META)
Number of Hedge Fund Holders: 262
Meta Platforms, Inc. (NASDAQ:META), previously named Facebook, Inc., is an American multinational technology corporation that owns and operates Facebook, Messenger, Instagram, Threads, and WhatsApp. The company also offers a range of other devices, products, and services that are powered by AI and immersive technologies. Meta Platforms, Inc. (NASDAQ:META) ranks among the best American stocks to buy right now.
On April 10, Piper Sandler analyst Thomas Champion reduced the firm’s price target on Meta Platforms, Inc. (NASDAQ:META) from $775 to $610 but maintained an “Overweight” rating. This adjustment reflects a cautious stance due to the company’s exposure to e-commerce and China. Champion cited performance checks with an Ad Buyer that were considered the best in the group, and focused on Meta Platforms, Inc.’s (NASDAQ:META) Q2 revenue guidance of $42.5 billion to $45.5 billion, representing an increase of 9 to 16.5% year-over-year. The analyst also expects the company’s management to reiterate their fiscal year 2024 operating expense forecast of $114 to $119 billion and capital expenditures forecasted at $60 to $65 billion. Additionally, updates on Meta Platforms, Inc.’s (NASDAQ:META) advancements in AI, particularly Llama 4 and the agentic opportunity, are anticipated. The revised price target is also based on reduced revenue estimates for 2025 and 2026, which have been lowered by 2% and 4%, respectively.
2. Microsoft Corporation (NASDAQ:MSFT)
Number of Hedge Fund Holders: 317
Microsoft Corporation (NASDAQ:MSFT) is an American multinational corporation and technology conglomerate that ranks among the best American stocks to invest in. The company develops and markets software, services, and hardware devices. It does business worldwide and also provides the Azure cloud computing platform. Microsoft Corporation (NASDAQ:MSFT) is integrating AI into its products and services to deliver solutions across a range of industries.
In March 2025, Microsoft Corporation (NASDAQ:MSFT) unveiled Microsoft Dragon Copilot, the first AI assistant designed to improve clinical workflows in healthcare. As part of Microsoft Cloud for Healthcare, Dragon Copilot combines natural language voice dictation capabilities of DMO with the ambient listening capabilities of DAX, generative AI, and healthcare-specific safeguards. It offers a safe platform to improve experiences and outcomes for both healthcare providers and patients. Dragon Copilot helps clinicians and other care providers to automate tasks and streamline documentation with features like multilingual note creation, editing, customized texts, speech memos, AI prompts, and more within a single user interface.
1. Amazon.com, Inc. (NASDAQ:AMZN)
Number of Hedge Fund Holders: 339
Amazon.com, Inc. (NASDAQ:AMZN), also referred to as simply Amazon, is an American multinational technology company that is primarily focused on e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence (AI). AMZN ranks among the best American stocks to buy now.
On April 10, Truist Securities reduced its price target on Amazon.com, Inc. (NASDAQ:AMZN) from $265 to $230 but kept a “Buy” rating. The firm expects a general increase in prices and a probable slowdown in consumer spending will impact the company’s growth and profit margins. Despite the challenges posed by the tariffs, Truist’s analyst sees Amazon.com, Inc.’s (NASDAQ:AMZN) diverse business, including e-commerce, advertising, cloud services, and logistics, continuing to gain market share. The analyst believes Amazon.com, Inc. (NASDAQ:AMZN) is positioned for long-term success despite challenges like increased tariffs on Chinese goods. These increased tariffs could affect the company’s pricing strategies and consumer demand, which could influence financial performance in the short term. However, Truist remains confident in Amazon.com, Inc.’s (NASDAQ:AMZN) competitive advantages that will help the company in the long term.
Overall, AMZN ranks first among the 14 best American tech stocks to buy now. While we acknowledge the potential of American tech companies, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than AMZN but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
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