Despite a recent dip, tech stocks have been one of the better sectors in 2025. Shares of tech stocks (as represented by the Nasdaq-100 index) are collectively up 19.4% so far this year, topping the S&P 500's year-to-date gains of 15.9%.
But not all tech stocks are created equal -- and some of them are providing some outsize gains right now that are far better than 21.2%. If you're looking for some red-hot growth stocks in the tech industry right now, I've got three that you should be considering today.
Image source: Getty Images.
1. The new frontier: Nebius Group
I'm a big fan of Nebius Group (NBIS 5.74%). The company used to be called Yandex N.V., with its primary business being a Russian internet company. But when Russian companies faced sanctions following Russia's invasion of Ukraine, the Nasdaq stock exchange suspended trading of Yandex stock. The company sold its Russian interests, renamed itself Nebius, and branded itself as an artificial intelligence (AI) cloud computing platform.
Today, Nebius Group offers AI infrastructure through large-scale clusters of graphics processing units (GPUs) in the Middle East, Europe, and North America. It offers high-end computing power to clients on its Nvidia Hopper and Blackwell GPUs at an hourly rate.
NASDAQ: NBIS
Key Data Points
Nvidia invested $700 million in Nebius nearly a year ago and maintains a close relationship with the company. Nebius' data centers and hardware are optimized for Nvidia GPU clusters, and the company heavily promotes its use of Nvidia GPUs in its news releases.
Revenue in the third quarter was $146.1 million, up 355% from a year ago. The company also announced a major deal with Meta Platforms to deliver $3 billion in AI infrastructure over five years. https://assets.nebius.com/assets/fc878470-ce91-4c8a-a716-45fe2923d603/20251111%20Nebius%20reports%20third%20quarter%202025%20financial%20results.pdf?cache-buster=2025-11-11T11:56:42.300Z The deal is the second major sale for Nebius Group this year, following its September announcement that it would supply AI infrastructure to Microsoft. https://nebius.com/newsroom/nebius-announces-multi-billion-dollar-agreement-with-microsoft-for-ai-infrastructure
Nebius Group has a long way to go, but the accelerated build-out of AI, its deals with major AI companies like Microsoft and Meta, and its partnership with Nvidia will be catalysts. Nebius Group stock is up 223% this year.
2. The not-so-sleeping giant: Alphabet
Alphabet (GOOG 0.77%) (GOOGL 0.86%) may not be the first name you think of when you consider the AI hyperscalers -- Amazon Web Services and Microsoft's Azure both have a bigger market share than Alphabet's Google Cloud, which lingers in third place at 13% of the cloud computing global market.
But Google Cloud is making serious inroads. Google Cloud generated $15.15 billion in revenue in the third quarter, up 33% from last year. And its backlog increased 46% to $155 billion. Overall, Alphabet's revenue was up 16% from last year to $102.3 billion -- so Google Cloud is growing much faster than the company's other line of business, which is primarily advertising.
NASDAQ: GOOGL
Key Data Points
Alphabet has long been the dominant internet company, as its Chrome browser owns 73% of the global market, and its Google Search engine has 90% of the market. Now that Alphabet has successfully incorporated AI into Google Search, Alphabet's advertising business appears to be secure.
Alphabet stock is up 48% so far this year and continues to gain momentum.
3. The futuristic pick: D-Wave Quantum
Here's the thing about technology -- it never, ever holds still. So while there's a huge part of the market working with classical computers to run AI, large language models, machine learning, and all the latest advancements, companies like D-Wave Quantum (QBTS +0.94%) are looking even further into the future.
D-Wave Quantum works in the field of quantum computing. Quantum computers operate using quantum bits, or qubits, which can exist in multiple states at the same time, making it possible for these computers to tackle complex calculations at speeds impossible for classical computers to duplicate.
NYSE: QBTS
Key Data Points
Earlier this year, D-Wave announced its sixth-generation quantum computer, the Advantage2, and made it available for real-world use cases. That's a major step, because now companies can begin using the technology for production rather than experiments.
Revenue in the third quarter was $3.7 million, up 100% from a year ago. The company closed bookings of $2.4 million for the quarter and has already announced a fourth-quarter booking valued at 10 million euros ($11.56 million) for a research facility in Italy.
Quantum computing is touted by some as the next step in computing and is a dynamic growth opportunity -- and D-Wave Quantum is one of the best ways to play it, having risen 184% so far this year.
Why this grouping works
Nebius Group, Alphabet, and D-Wave Quantum are quite different companies. One is a fast riser filling a huge void in the AI global infrastructure build-out; one is a tried-and-true member of the "Magnificent Seven" cohort of top tech stocks, and the third is an absolute moonshot that's working to advance tomorrow's technology.
Growth can happen in a lot of diverse ways, as these three growth stocks demonstrate. For investors looking for exposure to where the digital world is heading, each of these names is an exciting, and potentially profitable, option.
