3 Top Tech Stocks to Buy Right Now

The technology sector has been on a rollercoaster ride in 2025, with inflation and interest rates creating near-term headwinds. However, brief periods of underperformance have consistently been long-term buying opportunities. As we navigate through these challenges, it's crucial to select the right tech stocks that can weather the storm and emerge stronger. Here are three top tech stocks to consider right now.



1. nvidia Corp. (NVDA)

Nvidia has been a standout performer in 2024, with a year-to-date gain of 181%. The company's graphics processing units (GPUs) are at the forefront of the AI revolution, powering everything from data centers to gaming consoles. Nvidia's key growth drivers include sovereign AI, AI factories, and new, higher-priced product launches. With a forward price-to-earnings ratio (P/E) of 26 and a price/earnings-to-growth (PEG) ratio below 0.5, Nvidia is attractively priced and poised to continue its dominance in the AI hardware and software space.



2. ASML Holding N.V. (ASML)

ASML is the clear-cut leader in extreme ultraviolet (EUV) lithography, a technology crucial for manufacturing advanced chips like GPUs. The company's next-generation high-NA EUV technology will allow for the printing of smaller features and higher density on chips, making it a key player in the semiconductor value chain. With leading foundries like Taiwan Semiconductor Manufacturing (TSMC) and Intel expanding their manufacturing capacities, ASML's equipment will be in high demand. Trading at a forward P/E of 29.5 based on this year's analyst estimates, ASML is a solid buy at current levels, especially considering the current outlook for new fab spending.

3. Taiwan Semiconductor Manufacturing (TSMC)

TSMC is the leading semiconductor contract manufacturer in the world, making chips for leading chip designers like Nvidia and Apple. The company's technological expertise and strong pricing power have allowed it to command a more than two-thirds market share in the pure-play foundry space. TSMC's importance in the semiconductor value chain has given it strong pricing power, leading to profitability growth faster than revenue. With a forward P/E of only 19.5 and a PEG below 0.7, TSMC is an attractive growth stock that continues to be a big beneficiary of increasing AI infrastructure spending.

Conclusion

The technology sector is vast and dynamic, with companies like Nvidia, ASML, and TSMC leading the charge in innovation and growth. While inflation and interest rates pose near-term challenges, these companies are well-positioned to capitalize on the continued focus on AI and the growing demand for advanced semiconductors. Investors looking to add tech stocks to their portfolios should consider these three top picks, as they offer strong growth potential and attractive valuations.

Ask Aime: How can investors navigate the current tech stock market with these top choices?