3 Top Tech Stocks to Buy Right Now


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With just a couple of weeks left in 2024, you might find yourself rebalancing your stock portfolio. Many investors take the time to review their holdings near the end of the year, often as part of their tax planning efforts. December can be a great time to lock in capital gains and/or tax-deductible losses before the end of the tax year.

On that note, maybe you’re looking for great growth stocks to buy at the doorstep of 2025 — and I’m here to help you out. Here are three of the most tempting buys in the tech sector today. Hold on to your hat, because I’m going to jump between some very different investment theses here.

What if you want to invest in the artificial intelligence (AI) boom, specifically on the hardware side, but Nvidia (NASDAQ: NVDA) looks too expensive? The leading provider of AI accelerator chips has been very kind to investors over the last two years, posting a total return of 687% on Dec. 11. Maybe it’s time to take a step back from this skyrocketing AI winner and consider some more affordable alternatives.

I recommend taking a look at longtime Nvidia rival Advanced Micro Devices (NASDAQ: AMD). This company is also knee-deep in the AI surge, showing strong demand for its Instinct MI300 AI chips and looking forward to the next-generation Instinct MI350 launch in 2025. Beyond that, the company is already sketching up designs for the Instinct MI400 series.

As a result, AMD’s data center revenues are ramping up much faster than expected. Within that division, graphics processing units (GPU) saw $2.3 billion of sales in 2023 as large-scale customers snapped up AMD’s fastest AI accelerators by the truckload. Management expected these products to generate about $3.5 billion of 2024 sales at the time, but that’s an old target now. The latest projection rose to more than $5 billion. There’s no stopping this juggernaut, despite Nvidia and others trying hard to win every AI-training systems contract.

So AMD is a rock-solid AI hardware investment, but the stock isn’t soaring like Nvidia’s. AMD shares have fallen 20% in the last six months, and they trade at a fraction of Nvidia’s nosebleed-inducing price-to-sales ratio today. You should consider this Nvidia alternative before the market makers realize how promising this AI-powered growth story is.

Here’s another AI-focused idea that steps outside the hardware constraints. Good old International Business Machines (NYSE: IBM) has outgained both AMD and Nvidia recently, delivering a 38% total return in six months. At the same time, Big Blue has barely started to reap the benefits of a strategy shift that started more than a decade ago. The next few years should see soaring demand for the company’s enterprise-class AI services.



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