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.

The best Nasdaq 100 stocks don’t just grow - they dominate, and we’re here to help you find them. That said, here are three Nasdaq 100 stocks that could lead the market.

Adobe (ADBE)

Market Cap: $157.3 billion

One of the most well-known Silicon Valley software companies around, Adobe (NASDAQ: ADBE) is a leading provider of software as service in the digital design and document management space.

Why Do We Like ADBE?

1. Superior software functionality and low servicing costs are reflected in its best-in-class gross margin of 89.2%
2. Highly efficient business model is illustrated by its impressive 36.4% operating margin, and its profits increased over the last year as it scaled
3. Robust free cash flow margin of 41.8% gives it many options for capital deployment

Adobe’s stock price of $370.90 implies a valuation ratio of 6.5x forward price-to-sales. Is now the right time to buy? Find out in our full research report, it’s free.

KLA Corporation (KLAC)

Market Cap: $119.3 billion

Formed by the 1997 merger of the two leading semiconductor yield management companies, KLA Corporation (NASDAQ: KLAC) is the leading supplier of equipment used to measure and inspect semiconductor chips.

Why Are We Bullish on KLAC?

1. Annual revenue growth of 15.6% over the last five years was superb and indicates its market share increased during this cycle
2. Excellent operating margin of 35.9% highlights the efficiency of its business model, and it turbocharged its profits by achieving some fixed cost leverage
3. Impressive free cash flow profitability enables the company to fund new investments or reward investors with share buybacks/dividends

At $902.13 per share, KLA Corporation trades at 28.6x forward P/E. Is now the time to initiate a position? See for yourself in our comprehensive research report, it’s free.

Alphabet (GOOGL)

Market Cap: $2.34 trillion

Started by Stanford students Larry Page and Sergey Brin in a Menlo Park garage, Alphabet (NASDAQ: GOOGL) is the parent company of the eponymous Google Search engine, Google Cloud Platform, and YouTube.

Why Is GOOGL a Good Business?

1. Alphabet’s dominant Google Search sits on the pantheon of the best businesses ever. This is reflected in its robust long-term revenue growth and elite operating margin.
2. The company’s profit margins have become even higher over time, speaking to its scale advantages and operating efficiency not only in its core Search business but also in Google Cloud Platform and YouTube.
3. Revenue growth and increasing operating margins are the key ingredients for strong EPS growth. Google has these, and when also factoring in its share repurchases, you can see why EPS has exploded over the long term.

Alphabet is trading at $193.12 per share, or 20.1x forward price-to-earnings. Is now a good time to buy? Find out in our full research report, it’s free.

Stocks We Like Even More

When Trump unveiled his aggressive tariff plan in April 2025, markets tanked as investors feared a full-blown trade war. But those who panicked and sold missed the subsequent rebound that’s already erased most losses.

Don’t let fear keep you from great opportunities and take a look at Top 6 Stocks for this week. 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 Exlservice (+354% five-year return). Find your next big winner with StockStory today for free.

StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.