In this article, we will discuss the 10 Best New Tech Stocks to Buy According to Analysts.
On June 29, Grant White, Portfolio Manager & Investment Advisor at Endeavour Wealth Management, joined BNN Bloomberg to discuss current market conditions as Q2 concludes on June 30 and the earnings season for US banks approaches on July 14. Regarding the recent market volatility, White acknowledged that while some dips have occurred, current performance should not be surprising given the market’s trajectory over the last several years. He suggested that investors should return to focusing on the fundamentals of businesses (such as balance sheets and operations) to identify opportunities amid volatility. White expressed optimism about the market and noted that while short-term daily predictions are essentially a coin flip, he believes that the market is moving past a momentum-driven phase heavily reliant on AI infrastructure and toward a fundamentals trade that offers good opportunities for investors in the coming months.
White maintains a cautiously optimistic stance on the AI build-out, viewing it as a legitimate and well-funded development, though he advised investors to be careful about buying into hype. He suggested that many excellent companies, which might operate in spaces similar to hot companies like SpaceX, remain overlooked and fly under the radar. He discussed tech companies more broadly and noted that while the technology sector is complicated, there are still opportunities for undervalued assets.
Our Methodology
We used screeners to identify tech stocks that have gone public in the last 5 years and have an average upside potential of at least 40%. We limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds.
Note: All data was sourced on July 1.
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).
10 Best New Tech Stocks to Buy According to Analysts
10. SharonAI Holdings Inc. (NASDAQ:SHAZ)
Average Upside Potential: 42.84%
SharonAI Holdings Inc. (NASDAQ:SHAZ) is one of the best new tech stocks to buy according to analysts. On June 29, Sharon AI announced the closing of an oversubscribed $1.6 billion private placement financing. The transaction included ~$900 million in Class A Ordinary Common Stock and pre-funded warrants, alongside $700 million in 4.75% Convertible Senior Notes. The financing was anchored by major institutional investors, including Situational Awareness L.P. and funds managed by Oaktree Capital Management L.P.
The company plans to use the capital to execute its six-year strategic compute collaboration with NVIDIA (NASDAQ:NVDA). A primary objective is the construction of one of Australia’s largest AI factories, which will feature the deployment of up to 40,000 Grace Blackwell GB300 GPUs. This infrastructure investment serves as a cornerstone for the company’s broader expansion strategy in the Neocloud sector.
Goldman Sachs & Co. LLC served as the lead placement agent for the transaction, with additional support from Lucid Capital Markets. Macquarie Capital was the financial advisor. The company expects to provide further details regarding the financing in an upcoming filing with the US Securities and Exchange Commission.
SharonAI Holdings Inc. (NASDAQ:SHAZ) is a leading Australian Neocloud and HPC company specializing in AI infrastructure and cloud GPU environments. The firm provides cutting-edge GPU solutions for training and inference to accelerate the development of AI factories and sovereign AI solutions.
9. NIQ Global Intelligence (NYSE:NIQ)
Average Upside Potential: 45.53%
NIQ Global Intelligence (NYSE:NIQ) is one of the best new tech stocks to buy according to analysts. On July 1, NIQ completed its acquisition of Flywheel’s eCommerce Data & Insights business in China and Southeast Asia. The acquired entity, which operates under the YiMian brand, specializes in digital shelf, social commerce, and e-commerce solutions. This move integrates regional expertise into NIQ’s broader framework to provide a more comprehensive, omnichannel view of consumer behavior.
The acquisition strengthens NIQ’s data foundation by incorporating digital commerce signals, which will be used to build advanced analytics and AI-driven insights. By combining NIQ’s global retail measurement with Flywheel’s regional data, the company aims to help clients optimize their pricing, product assortment, and content quality across both online and offline marketplaces.
This deal introduces enhanced digital shelf capabilities to the Chinese market and supports a client base of over 100 global and regional brands. Both companies stated that the acquisition creates a more powerful platform for navigating complex digital environments, enabling businesses to make faster, more informed commercial decisions in a rapidly evolving market landscape.
NIQ Global Intelligence (NYSE:NIQ) is a global consumer intelligence company that provides brands, retailers, and other clients with insights into consumer shopping behavior to inform strategic and operational decisions.
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