In this article, we will look at the 10 Best Low Priced Technology Stocks to Invest In.
Since late March, US stocks have surged roughly 17%, with the S&P 500 notching fresh records almost daily. This rally, which David Rosenberg, founder and chief strategist of Rosenberg Research, described as having materialized out of thin air, was led by a cluster of technology giants. Rosenberg said in a May 13 interview that investors are betting that the artificial intelligence boom that is largely responsible for the rally is still in its early innings, that oil prices will soon ease, and that the economy will keep growing at a healthy pace.
However, Rosenberg stated that he is not sure about the AI boom. He warned that the massive capital spending fueling the AI trade will eventually come with a cost. “I’m hamstrung by the ebullience and enthusiasm that has suddenly reemerged,” he said of the current run on Wall Street. Rather than calling himself outright bearish, Rosenberg described his stance as cautious, citing what he sees as excessive valuations across the broader market.
That caution partly explains why Chris Galipeau, senior market strategist at the Franklin Templeton Institute, reiterated the firm’s “broadening” call in a July 3 newsletter. Galipeau urged investors to look beyond mega-cap technology names and instead focus on small- and mid-cap stocks. The reason he gave was that there is a mounting concentration of retail risk-taking. Galipeau cited a Citadel Securities analysis, which found that retail investors traded roughly $1.9 billion of semiconductor options premium a day in June, which is six times the historical average. Roughly three-quarters of that activity was concentrated in call options, which is a level of speculative positioning Citadel linked to today’s historically narrow market leadership.
In other words, mega-cap tech valuations are too stretched, and signs are there that Wall Street is looking to broaden its bets beyond the sector’s biggest names. This environment could make lower-priced technology stocks more attractive because they may offer a way to stay invested in the space without paying up for its most crowded winners. This article identifies 10 such stocks worth considering.
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Our Methodology
For our methodology, we screened for Technology stocks priced below $50, based on the last close price as of July 7, and filtered for names with analyst upside of at least 15% as of July 7. From this universe, we selected the 10 stocks with the most recent news and developments and ranked them in ascending order of the number of hedge funds holding each stock as of Q1 2026, according to Insider Monkey’s database.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Insider Monkey’s quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).
Best Low Priced Technology Stocks to Invest In
10. Ingram Micro Holding Corporation (NYSE:INGM)
Number of Hedge Fund Holders: 29
Stock Upside: 25.62%
Stock Price: $26.27
Ingram Micro Holding Corporation (NYSE:INGM) is one of the best low priced technology stocks to invest in. On June 23, Morgan Stanley raised its price target on Ingram Micro Holding Corporation (NYSE:INGM) to $33 from $27.50, keeping its Equal Weight rating unchanged. This call was part of a wider note lifting forecasts across the enterprise server industry.
Erik Woodring led the note and stated that the bank was raising its 2026 total addressable market forecast for the server industry to $809 billion, which implies an 82% year over year growth. The analyst cited enterprise compute demand, which has held up better than expected despite steep price increases.
However, Woodring said they are not yet ready to call a multi-year enterprise server renaissance. He instead noted that Wall Street’s earnings estimates for compute-related companies look too conservative for both 2026 and 2027, which prompted them to raise earnings-per-share forecasts by an average of 3% to 5% across six companies in the space, including Ingram Micro.
Woodring’s note described enterprise server demand as more resistant to price hikes than expected. This resistance, the analyst noted, is driven by ongoing compute shortages, hardware refresh cycles, and rising AI infrastructure needs across businesses.
Despite the optimism, the note flagged a risk to the overall trend where it warned that the pace of spending increases on on-premises computing infrastructure is becoming difficult to sustain. This surfaces uncertainty about how long the current growth cycle can continue beyond 2027.
Ingram Micro Holding Corporation (NYSE:INGM) is an information technology distributor. It distributes IT products, cloud services, and other solutions in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America.
9. Applied Digital Corporation (NASDAQ:APLD)
Number of Hedge Fund Holders: 39
Stock Upside: 122.39%
Stock Price: $33.50
Applied Digital Corporation (NASDAQ:APLD) is one of the best low priced technology stocks to invest in. On July 2, Compass Point reiterated its Buy rating and $70 price target on Applied Digital Corporation (NASDAQ:APLD). The call was the firm’s reaction to Applied Digital completing an on-time expansion at its North Dakota data center campus.
The milestone in focus was Applied Digital’s Ready for Service achievement for Phase 1 of Building 2 at its Polaris Forge 1 campus in Ellendale, North Dakota. Applied Digital announced the milestone on July 1. This delivery added 75 megawatts of operational AI computing capacity and lifted the campus’s total live capacity to 175 megawatts, up from 100 megawatts previously.
Compass Point highlighted that the buildout stayed on schedule and framed the achievement as proof of Applied Digital’s ability to repeatedly convert power capacity into working AI infrastructure on time. To the analysts, this is a key concern for investors given the complexity of large-scale data center construction. The analysts also pointed out that the facility’s six data halls are expected to power up in phases through July, August, and September, which should support revenue growth in the upcoming August and November fiscal quarters.
Compass Point also noted that Applied Digital’s shares recently traded around $35, which was below closing prices following three recent lease announcements in April, May, and June. The analysts stated that those three leases bumped up Applied Digital’s total contracted base-term revenue to nearly $36 billion from approximately $16 billion.
Applied Digital Corporation (NASDAQ:APLD) is a digital infrastructure company. It designs, develops, and operates data center solutions for high-performance computing and artificial intelligence industries in North America.
