Three Top Tech Stocks to Buy in August: ASML, CrowdStrike, and ServiceNow

Three tech stocks to buy in August are ASML, CrowdStrike, and ServiceNow. ASML is the world's top supplier of photolithography systems, which are crucial for manufacturing cutting-edge chips. CrowdStrike is a cybersecurity company that provides cloud-based services, giving it a first-mover advantage in the market. ServiceNow provides cloud-based services for IT and business operations. All three stocks are expected to grow at high rates in the coming years, with ASML's revenue and EPS projected to grow at compound annual rates of 10% and 17%, respectively, from 2024 to 2027.

As the tech sector continues to evolve, several companies stand out for their growth potential. Three tech stocks that are expected to perform well in the coming months are ASML, CrowdStrike, and ServiceNow. Each of these companies offers unique advantages and strong growth prospects.

ASML
ASML Holding (ASML.US) is the world's top supplier of photolithography systems, which are crucial for manufacturing cutting-edge chips. At its Investor Day, ASML reiterated its long-term growth prospects, expecting global semiconductor sales to exceed $1 trillion by 2030. The company has set its sales target at €44 billion to €60 billion by 2030, with a gross margin of about 56% to 60% [1]. The company's performance is often seen as a benchmark for the entire semiconductor industry, reflecting the increasing global demand for advanced chips.

CrowdStrike
CrowdStrike Holdings (CRWD) is a cybersecurity company that provides cloud-based services, giving it a first-mover advantage in the market. The company's stock has seen a decrease of 10.45% over the last month, not keeping up with the Computer and Technology sector's gain of 5.15% and the S&P 500's gain of 2%. However, investors will be eagerly watching for the company's upcoming earnings disclosure on August 27, 2025 [2]. The company is predicted to post an EPS of $0.83, indicating a 20.19% decline compared to the equivalent quarter last year. Despite this, the company's revenue is expected to grow by 19.22% year-over-year.

ServiceNow
ServiceNow Inc. (NYSE:NOW) reported its Q2 2025 financial results, showcasing robust growth and strategic initiatives. The company reported a 22.2% year-over-year (YoY) increase in revenue to $3.2 billion, driven primarily by strong subscription revenues and AI-led demand boosting large deals. The company also announced a strategic integration with Staffbase to unify digital workflows with internal communications, aiming to increase ServiceNow usage and improve ROI on digital investments [3]. The company's AI-first strategy and market-leading position in the agentic AI market are key drivers of its growth.

All three stocks are expected to grow at high rates in the coming years. ASML's revenue and EPS are projected to grow at compound annual rates of 10% and 17%, respectively, from 2024 to 2027. CrowdStrike's revenue is expected to grow by 20.86% year-over-year, and ServiceNow's revenue is expected to grow by 18.5-19% year-over-year.

References:
[1] https://www.moomoo.com/news/post/61110379/record-tr4cking-news-coreweave-cava-alibaba-rigetti-instacart-webtoon-intapp-sapiens-biggest-stock
[2] https://finance.yahoo.com/news/why-crowdstrike-holdings-crwd-outpaced-214503512.html
[3] https://www.ainvest.com/news/servicenow-q2-25-performance-driven-ai-strategic-integration-strong-revenue-growth-2508/