This is a technology-driven world, and that reflects in the stock market, where many of the hottest names investors know are tech stocks. That’s arguably more true than ever, with artificial intelligence (AI) continuing to grow and new technologies like quantum computing on the horizon.
It can be tricky navigating the tech space, where stocks are often volatile, can command hefty valuations, and sometimes have little to no revenue. Here is a list of five hot Wall Street tech stocks, and whether investors should buy, sell, or hold them today.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a “Double Down” signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same “Total Conviction” signal is flashing for a company 1/100th the size of Nvidia. Continue »
1. IonQ
Verdict: Sell
The quantum computing race is wide open, and IonQ (NYSE: IONQ) is one of the few pure-play quantum computing stocks investors can buy. The company has been aggressive in acquiring complementary companies to build out its ecosystem and recently sold its first 6th-generation, Chip-Based, 256-Qubit System. IonQ also raised its 2026 revenue guidance to $260 million to $270 million and still has $3.1 billion in cash to fund its business for the foreseeable future.
The problem here is the stock’s massive market cap of more than $21 billion. Even if IonQ nails its revenue guidance this year, the stock would still trade at over 77 times sales. That makes IonQ one of the most expensive stocks on the market, and it’s difficult to justify that premium for a business that still has much to prove.
2. Nvidia
Verdict: Buy
AI chip kingpin Nvidia (NASDAQ: NVDA) is arguably the top AI stock on Wall Street. The company’s flagship AI chip architecture, Blackwell, has continued to drive growth, and Nvidia will begin shipping its next-generation AI platform, Vera Rubin, in the coming months. CEO Jensen Huang has boasted that Nvidia will see approximately $1 trillion in total orders for Blackwell and Vera Rubin by 2027, signaling that the AI boom is far from over.
Nvidia stock currently trades at 23 times this year’s earnings estimates. That’s still a compelling valuation for a business that analysts estimate will grow earnings by an average of nearly 52% annually over the next three to five years. Barring a widespread collapse of AI investments, it’s hard to bet against Nvidia at these prices.
3. ServiceNow
Verdict: Buy
AI fears have crushed many software stocks across Wall Street, including ServiceNow (NYSE: NOW), one of the largest software companies. While AI can replicate some of the workflow automation ServiceNow does, the stock’s 56% decline could be overdone. ServiceNow has pivoted to embrace AI, selling its software as a control tower for overseeing a company’s autonomous AI agents.
