The Nasdaq 100 (^NDX) is packed with high-growth companies, and while the market is competitive, some are pulling ahead. A handful of standout businesses are continuing to scale, delivering strong financials and market leadership.
The best Nasdaq 100 stocks don’t just grow - they dominate, and we’re here to help you find them. Keeping that in mind, here are three Nasdaq 100 stocks driving the future of tech.
Apple (AAPL)
Market Cap: $2.92 trillion
Creator of the iPhone and App Store, Apple (NASDAQ:AAPL) is a legendary developer of consumer electronics and software.
Why Are We Positive On AAPL?
- Apple's revenue base is so large because nearly everyone in the U.S. has an iPhone, but this is a double-edged sword. Growth must now come from upgrades, a harder pitch that has resulted in sluggish top-line performance recently.
- Still, Apple's devices have endured for decades, speaking to its brand, design ethos, and technological chops. Its success is rare in the world of consumer electronics, which is fraught because of commoditization, competition, and obsolescence risk.
- The company may not have the best gross margin because of its hardware orientation, but it still manages to produce elite operating and free cash flow margins. This shows it doesn’t need over-the-top marketing campaigns to convince people to buy its products.
Apple is trading at $195.80 per share, or 26.1x forward price-to-earnings. Is now a good time to buy? See for yourself in our comprehensive research report, it’s free.
Shopify (SHOP)
Market Cap: $131.7 billion
Originally created as an internal tool for a snowboarding company, Shopify (NYSE:SHOP) provides a software platform for building and operating e-commerce businesses.
Why Is SHOP a Good Business?
- Payment activity on its platform is soaring as its TPV growth averaged 31.7% over the last year, enabling the company to collect more fees and upsell additional services like banking
- User-friendly software enables clients to ramp up spending quickly, leading to the speedy recovery of customer acquisition costs
- Operating profits increased over the last year as the company gained some leverage on its fixed costs and became more efficient
Shopify’s stock price of $101.51 implies a valuation ratio of 11.6x forward price-to-sales. Is now the right time to buy? Find out in our full research report, it’s free.
Broadcom (AVGO)
Market Cap: $1.08 trillion
Originally the semiconductor division of Hewlett Packard, Broadcom (NASDAQ:AVGO) is a semiconductor conglomerate spanning wireless communications, networking, and data storage as well as infrastructure software focused on mainframes and cybersecurity.
Why Will AVGO Beat the Market?
- Market share has increased this cycle as its 25.9% annual revenue growth over the last two years was exceptional
- Offerings are difficult to replicate at scale and lead to a best-in-class gross margin of 75.4%
- Robust free cash flow margin of 41.9% gives it many options for capital deployment
At $227.95 per share, Broadcom trades at 34.4x forward P/E. Is now the time to initiate a position? See for yourself in our in-depth research report, it’s free.
Stocks We Like Even More
The market surged in 2024 and reached record highs after Donald Trump’s presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025.
While the crowd speculates what might happen next, we’re homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver’s seat and build a durable portfolio by checking out our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025).
Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today for free.