We are lucky to be living in the technological age.
Technology has helped to make our lives more convenient and efficient, and has also enabled us to communicate better with one another.
The advent of artificial intelligence and social media has opened up a wealth of information that we never thought possible.
These trends are still nascent, and there is much more progress to be made on the technological front.
To gain a front-row seat to this action, here are five US technology growth stocks that you can consider for your buy watchlist.
Meta Platforms (NASDAQ: META)
Meta Platforms is a social media behemoth that owns products such as WhatsApp, Instagram, and Facebook.
The company delivered a stellar financial performance for the first half of 2025 (1H 2025).
Revenue rose 18.9% year on year to US$89.8 billion while operating profit increased by 32.6% year on year to US$38 billion.
Net profit improved by 35.4% year on year to US$35 billion.
Meta Platforms also generated a positive free cash flow of US$20.1 billion for 1H 2025, a 16.4% year-on-year decline.
The fall in free cash flow was attributed to increased spending on AI initiatives by Meta, as CEO Mark Zuckerberg intends to build a new superintelligence AI lab.
This new lab will focus on developing the new generation of Meta’s models.
The board has recommended a quarterly dividend of US$0.525 per share.
Total capital expenditure for 2025 is expected to be in the range of between US$66 billion to US$72 billion.
Meta Platforms is still demonstrating healthy growth in user numbers, with family daily active people (DAP) rising by 6% year on year to 3.48 billion.
Palantir (NASDAQ: PLTR)
Palantir is a software and data analytics company that harnesses AI to analyse data and deliver insights.
For 1H 2025, the technology company posted a brilliant set of results.
Revenue jumped 43.8% year on year to US$1.9 billion while operating profit more than doubled year on year to US$445.4 million.
Net profit soared 125.6% year on year to US$540.8 million.
Palantir also generated free cash flow of US$835.7 million, more than triple the US$268.2 million that it churned out in 1H 2024.
The business is also seeing an increasing number of customers, with customer count climbing 43% year on year to 849.
Of this number, 692 were commercial customers, which saw a 48% year-on-year growth in numbers.
During the second quarter of 2025 (2Q 2025), Palantir closed 157 deals of at least US$1 million, of which 42 were at least US$10 million in size.
For 2025, Palantir is raising its revenue guidance to between US$4.142 billion to US$4.15 billion.
This represents a year-on-year revenue increase of 44.7% at the midpoint of Palantir’s guidance.
Microsoft (NASDAQ: MSFT)
Microsoft is a technology company that develops and licences computer software (MS Office).
The company also provides cloud services, video games, and runs a business networking site, LinkedIn.
For its fiscal 2025 (FY2025) ending 30 June 2025, Microsoft reported a 15% year-on-year increase in revenue to US$281.7 billion.
Operating profit increased by 17.4% year on year to US$128.5 billion while net profit improved by 15.5% year on year to US$101.8 billion.
Like Meta Platforms, Microsoft also saw its capital expenditure level increase by 45% year on year to US$64.6 billion.
As a result, free cash flow dipped by 3% year on year to US$71.6 billion for FY2025.
The software and cloud company paid out a quarterly dividend of US$0.83, 10.7% higher than a year ago.
Microsoft continued to invest heavily in data centres, AI, and more talent.
The company predicted that its FY2026 capital expenditure will top US$100 billion, a further increase from FY2025.
Lemonade (NYSE: LMND)
Lemonade uses AI and behavioural economics to power its insurance platform, and offers homeowner, pet, car, and life insurance.
The company is gaining traction in the insurance space with its cutting-edge algorithm, and is seeing revenue leap 30.8% year on year to US$315.3 million for 1H 2025.
The total number of customers continued to climb, increasing by 24% year on year to 2.7 million.
Lemonade’s in-force premium stood at US$1,083, up 29% year on year, while premium per customer inched up 4% year on year to US$402.
The company is expanding geographically with the launch of car insurance in Colorado in 1Q 2025, where the business has witnessed higher cross-sale conversion rates.
In July, Lemonade continued to expand in the US with the launch of its car insurance service in Indiana.
Management communicated that its car insurance division will be a key growth driver for the business and is now available in states representing around 42% of the US car insurance market.
Upstart (NASDAQ: UPST)
Upstart operates an AI lending marketplace that connects millions of consumers with more than 100 banks and credit unions.
With its AI model, lenders can approve more borrowers at lower rates, with more than 90% of loans being fully automated.
The company reported a sterling set of earnings for 1H 2025 as revenue shot up 48.7% year on year to US$426.3 million.
The business eked out a small net profit of US$3.2 million for the half year, reversing the previous year’s net loss of US$119.1 million.
The number of loans originated on Upstart’s platform more than doubled year on year to 613,305.
Transaction volume leapt 121% year on year to US$4.95 billion.
For 2025, Upstart expects total revenue to be around US$1.055 billion.
Generative AI is reshaping the stock market, but not in the way most investors think. It’s not just about which companies are using AI. It’s about how they’re using it to unlock new revenue, dominate their markets, and quietly reshape the business world. Our latest FREE report “How GenAI is Reshaping the Stock Market” breaks the hype down, so you can invest with greater clarity and confidence. Click here to download your copy today.
Follow us on Facebook, Instagram and Telegram for the latest investing news and analyses!
Disclosure: Royston Yang owns shares of Meta Platforms.
