Best Nasdaq 100 Stocks to Buy From Saudi Arabia: Full Analysis 2026

Why Saudi and GCC Investors Focus on Nasdaq 100 Stocks

The Nasdaq 100 index focuses primarily on the world's largest and most impactful technology organisations which provide the underlying technologies for artificial intelligence infrastructure, cloud computing, e-commerce and digital advertising; as well as the semiconductor technologies that support them all. Therefore, for long-term American stock portfolios held by GCC and Saudi Arabian investors, the Nasdaq 100 represents both an investment benchmark and a direct investment into the global technological transformation that is changing all sectors' landscape.

The top 8 (weight wise) companies in the Nasdaq 100 Index as of September 2025 were as follows: Nvidia (20.01%); Microsoft (17%); Apple (16.68%); Broadcom (11.33%); Amazon (10.34%); Meta (7.03%); Alphabet Class A (6.24%); Alphabet Class C (5.84%); and Netflix (5.53%). Collectively, these eight represent approximately 80% of the total index weight and therefore, the Nasdaq 100 essentially represents a concentrated portfolio of a very limited number of specific ultra-large and globally significant businesses.

This article analyses the five Nasdaq 100 stocks most widely held and researched by GCC investors, using verified earnings data from official company filings.

1. Nvidia (NVDA) — The Most Consequential AI Infrastructure Company in the World

Verified Earnings Data (Fiscal Year 2026, ended January 2026)

Nvidia released their fiscal year results for 2026 on February 25th, 2026, and theya were phenomenal across the board. Revenue for the entire fiscal year 2026 was $215.94 billion (up 65% YoY) with full fiscal year net income of $120.07 billion. Revenue for the fourth quarter of FY 2026 was $68.13 billion; this represents a 73% increase from Q4 FY 2025 and a 20% increase from Q3 FY 2026. Data Center revenues for the fourth quarter of FY 2026 were $62.31 billion; representing approximately 91% of Total Company revenues. This was up 75% when compared to the same quarter of the previous fiscal year.

For Q1 FY2027 (the next reporting quarter), Nvidia guided for revenue of approximately $78 billion, plus or minus 2%. This guidance implies continued sequential revenue growth of approximately 14% from Q4's $68 billion.

James Lebenthal, a widely cited market commentator, noted that if you strip Nvidia and Micron out of S&P 500 Q1 earnings, overall S&P earnings growth drops to approximately 3%, a striking illustration of how concentrated the current earnings growth cycle is in AI infrastructure. Jensen Huang, Nvidia's CEO, stated on the Q4 earnings call: 'Computing demand is growing exponentially, the agentic AI inflection point has arrived.'

Why Nvidia Remains Compelling for Saudi Investors

Nvidia's Blackwell architecture, its latest GPU generation — is described as the fastest product ramp in company history. Cloud service providers, which represent approximately 50% of Nvidia's Data Center revenue, continue to expand AI infrastructure at unprecedented scale. Global data center capital expenditure is projected to grow from $600 billion in 2025 toward $3 to $4 trillion annually by 2030, with Nvidia's GPUs at the centre of this buildout.

Nvidia's Historic Performance Risk: Even though Nvidia is showing incredible earnings, it is priced for perfection on a forward P/E basis. Any slowdown in AI capital expenditure growth or credible competitors to Nvidia could cause an extreme drop in price. Earnings were incredible through May of 2026, yet the stock has had an inconsistent year to date as analysts debate whether or not the current rates of AI capital expenditures can continue.

2. Microsoft (MSFT) — The Cloud and AI Platform Business

Verified Financial Data

Microsoft's fiscal Q2 2026 results (released January 2026) showed revenue of $81.3 billion, up 17% year-over-year. The Intelligent Cloud segment, which includes Azure grew 29%. Non-GAAP EPS rose 24% to $4.14. Analysts forecast fiscal year 2026 Azure revenue growth of roughly 28.6%, outpacing both AWS (24% growth) and Google Cloud (25.3%) in the latest quarter comparisons.

The Investment Case for Saudi Investors

Among the stocks of the Nasdaq 100, Microsoft has a distinct niche because of the way it acts as an actual growth company (Azure, Copilot, Teams), while also having one of the most predictable and consistent capital returns of any stock in the US equity markets through its dividend growth policy. Microsoft's overall strategy for integrating AI across its platforms - (including generative AI in all of its products from Word and Excel to its Azure Services and Github) creates a flywheel that should provide Microsoft with continued above-market growth for many years into the future.

Specifically for investors in the GCC region, Microsoft's ongoing commitment to spending approximately $100 billion on infrastructure projects by 2026, which includes building new data centres in different areas of the world, represents an opportunity for true global expansion of a business. Microsoft's direct interest in AI through its ownership of OpenAI (27% of shares after a recapitalization agreement) gives investors in the GCC region an exposure to one of the most valuable AI companies in the world.

The near-term risk: Microsoft's stock experienced a correction in early 2026 amid broader tech sector volatility. Analysts at Zacks rated it a Buy heading into Q2, noting that if shares hold above approximately $470 support, the risk-reward profile is increasingly attractive.

3. Apple (AAPL) — Record Revenue Quarter With iPhone 17 Upgrade Cycle

Verified Financial Data

Apple's fiscal Q1 2026 results reported late January 2026, delivered revenue of $143.76 billion, up 15.7% year-over-year, the highest quarterly revenue in Apple's history. The iPhone 17 cycle, accelerated by the integration of Apple Intelligence AI features and the new iPhone Air form factor, triggered a significant upgrade cycle. Apple also regained the number one market share position in China, reversing prior declines. The high-margin Services division, Apple TV+, App Store, iCloud, Apple Pay, continues to set revenue records each quarter.

Saudi Investor Perspective

Apple is arguably the most widely held stock among Saudi and GCC retail investors, driven by its brand familiarity and the universal recognition of its products. Its history of consistent earnings growth, share buybacks, and dividend increases makes it a natural anchor holding for many GCC investors.

The risk factor to understand: despite strong Q1 results, Apple is one of the two Nasdaq 100 members that multiple analysts identify as being in a sustained stock price downtrend heading into 2026, alongside Tesla. The stock valuation at approximately 31 times estimated forward earnings, the second highest in the Magnificent 7, requires continued revenue acceleration to sustain. The Department of Justice antitrust lawsuit filed in 2024 also represents a regulatory overhang.

4. Alphabet (GOOGL/GOOG) — The Consensus Favourite Nasdaq 100 Stock for 2026

Performance and Outlook

Alphabet was the single top performer among the Magnificent Seven stocks in 2025, with a larger-than-60% increase. This growth mainly consists of Google’s Artificial Intelligence (AI) model, Gemini, achieving strong performance, combined with Google Cloud developing into an actual profit-generating business. As they enter into 2026, multiple analysts have stated Alphabet is the consensus favourite of the Magnificent Seven because they have market-leading businesses in each area: search, cloud, AI (Tensor Processing Units), and advertising.

Google Cloud has become a meaningful profit contributor, not just a revenue line, positioning Alphabet to benefit from both the advertising recovery and the AI infrastructure buildout simultaneously. Google's tensor processing unit (TPU) chips are considered a potential significant challenger to Nvidia's GPU dominance in AI training and inference workloads.

For Saudi investors looking for exposure to the AI infrastructure theme at a more reasonable valuation than Nvidia, Alphabet offers a compelling combination: global advertising dominance, cloud growth, and AI technology development, all within a company with one of the best balance sheets in US equity markets.

5. Amazon (AMZN) — AWS Re-Acceleration and the E-Commerce Platform

Verified Financial Data

Amazon's Q4 2025 results showed net sales of $213.4 billion, up 14%, with AWS revenue of $35.6 billion, up 24%, the fastest AWS growth rate in 13 quarters. Full-year AWS revenue reached $128.7 billion, up 20%, with 35% operating margins. Amazon's advertising services division grew 24% in Q4, accelerating from prior quarters.

Both AWS and advertising are fundamentally higher-margin businesses than Amazon's core e-commerce operations, meaning the company's profitability profile is structurally improving as these divisions grow as a percentage of total revenue. This is why Amazon is widely cited as one of the most well-positioned Nasdaq 100 stocks to own heading into the second half of 2026.

Nasdaq 100 Summary Table for Saudi Investors

Best Nasdaq 100 Stocks to Buy From Saudi Arabia: Full Analysis 2026

Frequently Asked Questions: Nasdaq 100 Stocks for Saudi Investors

Can I buy fractional shares of Nvidia or Apple from Saudi Arabia through Raseed?

Yes. Raseed supports fractional shares, meaning you can invest any dollar amount in Nasdaq 100 stocks regardless of the individual share price. You do not need to purchase a full share of Nvidia or Apple to gain exposure.

How does the Nasdaq 100 differ from the S&P 500?

The Nasdaq 100 focuses mostly on tech and tech-related businesses, along with not including any financials; therefore, it has a history of providing some of the largest returns during tech bull markets but has also produced the largest losses when there is a tech bear market. Additionally, its concentration risk across industries is higher than the S&P 500's 500 stocks.

Should I invest in individual Nasdaq 100 stocks or the QQQ ETF?

Instantly diversify your portfolio into all 100 stocks in the indx of the Nasdaq through the QQQ ETF provided by Invesco with low fees and no research involved. While you can achieve a higher return with one individual stock based on your analysis being accurate, you would lose more than you invested if your evaluation is incorrect. Most investors will use QQQ as the core diversified holding and then use individual stocks in their portfolio as targeted allocations based on their extensive research or unique analysis of those companies.

Important Disclaimer: The stocks, ETFs, and cryptocurrencies mentioned in this article are for educational and informational purposes only and do not constitute financial advice, a recommendation to buy or sell, or a solicitation. All investing involves risk, including the possible loss of principal. Market data and performance figures referenced are approximate and sourced from publicly available financial sources as of early April 2026; they may change at any time. Always conduct your own research before making any investment decision. Securities brokerage services are provided by Fullerverse (SC) Limited, a security broker dealer licensed and regulated by the Financial Services Authority Seychelles (Licence No. SD152). Fullerverse is a wholly-owned subsidiary of Raseed Invest Inc. All investing involves risk. Past performance does not guarantee future results. Capital is at risk.