Investing in growth stocks is one of the best ways for you to grow your nest egg for retirement.
The good news is that the US stock market has a wide variety of promising growth stocks that you can own for long-term capital appreciation.
In particular, the technology sector offers great choices as the world is awash with digitalisation and artificial intelligence.
Cloud computing and the Internet of Things are also the buzzwords of today, making this sector an attractive one to invest for long-term growth.
Here are four technology-related US stocks that should qualify to be in your buy watchlist.
Intuit (NASDAQ: INTU)
Intuit offers a financial technology platform with products such as QuickBooks, TurboTax and Credit Karma to help customers to file their taxes and do up their accounting.
For the first nine months of fiscal 2025 (9M FY2025) ending 30 April 2025, Intuit reported a 14.5% year-on-year increase in revenue to US$15 billion.
Operating profit jumped 21.2% year on year to US$4.6 billion while net profit climbed nearly 17% year on year to US$3.5 billion.
The business also generated a positive free cash flow of US$5.7 billion, up 34.5% from a year ago.
Management raised its guidance for FY2025 with revenue projected to come in between US$18.723 billion to US$18.76 billion, representing year-on-year growth of 15%.
The previous guidance was for year-on-year revenue growth of between 12% to 13%.
Last month, Intuit unveiled a new suite of tools and integrations for Mailchimp to help marketers and small businesses to better understand their customers’ data.
These new tools can help to drive higher conversions and encourage repeat business.
Earlier this month, the company launched a set of AI agents that will help how businesses are run and grow.
These agents will help to automate workflows to deliver real-time insights, thereby improving cash flow for businesses.
Oracle (NYSE: ORCL)
Oracle is a software company that provides database software, cloud computing services (Oracle Cloud), and enterprise software products.
For its fiscal 2025 (FY2025) ending 31 May 2025, total revenue rose 8% year on year to US$57.4 billion.
Operating profit increased by 15% year on year to US$17.7 billion.
Net profit stood at US$12.4 billion, up 19% year on year.
However, Oracle reported a slight negative free cash flow of US$394 million for FY2025 as it spent a significant sum on capital expenditures compared to a year ago.
Despite this, the cloud provider declared a US$0.50 per share quarterly dividend.
Chairman Larry Ellison said that Oracle has 23 multi-cloud data centres live with 47 more being built over the next 12 months.
FY2026 should see triple-digit multi-cloud revenue growth.
Oracle Cloud Infrastructure consumption should also grow “even faster” in FY2026 with customer demand skyrocketing.
Arista Networks (NYSE: ANET)
Arista Networks provides cloud networking for large AI, data centre, campus, and routing environments.
Its platform provides agility, automation and analytics which are highly desired by their clients.
For the first quarter of 2025 (1Q 2025), Arista Networks reported revenue of US$2 billion, up 27.6% year on year.
Operating profit surged 30.1% year on year to US$858.8 million while net profit climbed 27.6% year on year to US$813.8 million.
The company also churned out higher free cash flow of US$613.3 million for the quarter, up 21.6% year on year.
In May, the board authorised an additional programme to purchase up to US$1.5 billion of shares.
For 2Q 2025, Arista Networks expects revenue of around US$2.1 billion, representing a year-on-year growth of 24.3%.
Earlier this month, the company announced new AI-driven enterprise products to deliver an expanded set of switching, wi-fi 7 access point, and wide-area network capabilities.
In line with this move, Arista also acquired the VeloCloud SD-WAN portfolio from Broadcom (NASDAQ: AVGO).
These innovations will help to introduce proactive monitoring and automated troubleshooting across client-to-cloud networking domains.
ServiceNow (NYSE: NOW)
ServiceNow operates an AI platform that helps connect people, processes, data, and devices to help organisations increase productivity and improve business decision-making.
For 1Q 2025, revenue rose 18.6% year on year to US$3.1 billion.
Operating and net profit increased by 35.8% and 32.6%, respectively, to US$451 million and US$460 million.
Free cash flow for the quarter climbed 22.1% year on year to US$1.47 billion.
There could be more growth in store for ServiceNow.
Current remaining performance obligations stood at US$10.3 billion for 1Q 2025, up 22% year on year.
The company also crossed the 500-mark for customers with more than US$5 million in annual contract value (ACV).
For 2025, ServiceNow expects subscription revenue to be in the range of US$12.66 billion, which would represent a year-on-year growth of 18.7%.
Free cash flow margin is expected to be strong at 32%.
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Disclosure: Royston Yang does not own shares in any of the companies mentioned.
