The Nasdaq 100 (^NDX) is where investors find some of the most innovative and disruptive companies shaping the future. A select few continue to execute at a high level, growing their market dominance and delivering strong returns.
Even among industry leaders, some companies shine bright, and we built StockStory to help you find them. That said, here are three Nasdaq 100 stocks driving the future of tech.
Qualcomm (QCOM)
Market Cap: $181.2 billion
Having been at the forefront of developing the standards for cellular connectivity for over four decades, Qualcomm (NASDAQ: QCOM) is a leading innovator and a fabless manufacturer of wireless technology chips used in smartphones, autos and internet of things appliances.
Why Could QCOM Be a Winner?
- Market share has increased this cycle as its 16.7% annual revenue growth over the last five years was exceptional
- Impressive free cash flow profitability enables the company to fund new investments or reward investors with share buybacks/dividends
- Industry-leading 51.2% return on capital demonstrates management’s skill in finding high-return investments
Qualcomm’s stock price of $168.10 implies a valuation ratio of 14.2x forward P/E. Is now the time to initiate a position? See for yourself in our full research report, it’s free for active Edge members.
Airbnb (ABNB)
Market Cap: $78.71 billion
Founded by Brian Chesky and Joe Gebbia in their San Francisco apartment, Airbnb (NASDAQ: ABNB) is the world’s largest online marketplace for lodging, primarily homestays.
Why Will ABNB Beat the Market?
- Has the opportunity to boost monetization through new features and premium offerings as its nights and experiences booked have grown by 10% annually over the last two years
- Share buybacks catapulted its annual earnings per share growth to 28.4%, which outperformed its revenue gains over the last three years
- Robust free cash flow margin of 38.9% gives it many options for capital deployment
At $127.18 per share, Airbnb trades at 18.4x forward EV/EBITDA. Is now a good time to buy? Find out in our full research report, it’s free for active Edge members.
Costco (COST)
Market Cap: $415.5 billion
Designed to be a one-stop shop for the suburban consumer, Costco (NASDAQ: COST) is a membership-only retail chain that sells groceries, apparel, toys, and household items, often in bulk quantities.
Why Is COST a Top Pick?
- Locations open for at least a year are seeing increased demand as same-store sales have averaged 5.6% growth over the past two years
- Massive revenue base of $275.2 billion makes up for its weaker gross margin and makes it a household name that influences purchasing decisions
- Market-beating returns on capital illustrate that management has a knack for investing in profitable ventures
Costco is trading at $937.03 per share, or 46.8x forward P/E. Is now the right time to buy? See for yourself in our in-depth research report, it’s free for active Edge members.
Stocks We Like Even More
Donald Trump’s April 2025 "Liberation Day" tariffs sent markets into a tailspin, but stocks have since rebounded strongly, proving that knee-jerk reactions often create the best buying opportunities.
The smart money is already positioning for the next leg up. Don’t miss out on the recovery - check out our Top 5 Growth Stocks for this month. 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-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today for free. Find your next big winner with StockStory today. Find your next big winner with StockStory today
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