On February 18, Tim Murray, capital markets strategist in the multi-asset division at T. Rowe Price, joined BNN Bloomberg to discuss the path ahead for tech and AI companies. Murray observed that for the past 15 years, mega-cap tech companies thrived as exceptional investments due to two specific factors: low capital intensity and low competition.
During this period, these giants dominated the media industry’s shift from broadcast to digital, enterprise computing’s shift from on-premises to the cloud, and retail’s shift from brick-and-mortar to online. Specifically, Facebook led digital media, Google dominated search, Amazon & Microsoft led the cloud transition, and Amazon controlled retail.
However, Murray argued that AI is now dismantling these two dynamics. First, capital intensity has surged as hyperscalers move beyond writing code to building massive data centers and the extensive power structures required to run them. Second, the era of low competition has ended. Not only are the established giants now competing directly to dominate the best LLMs, but a new wave of formidable entrants is arriving.
Regarding investment strategy, Murray suggested that while these tech giants remain great companies and are the likely long-term winners in AI distribution, they face their toughest environment ever over the next 2 to 3 years. He warned against passive tech investing, as index funds naturally hold massive allocations to these high-risk areas. Murray argued that the buy the dip mentality that worked for 15 years may no longer be a simple or reliable strategy. Instead, he advocated for active management and a more selective approach.
That being said, we’re here with a list of the 10 best new tech stocks to invest in now.
Our Methodology
We used screeners to identify technology stocks that have gone public in the last 5 years, and 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 February 19.
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. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
10 Best New Tech Stocks to Invest In Now
10. Diebold Nixdorf Inc. (NYSE:DBD)
Diebold Nixdorf Inc. (NYSE:DBD) is one of the best new tech stocks to invest in now. On February 12, Diebold Nixdorf reported a doubling of its 2025 adjusted EPS to $5.59. Q4 revenue climbed 12% year-over-year to $1.1 billion, driven by a 17% surge in order entries across the banking and retail sectors. The company’s strategic focus on modular retail solutions and ATM recycling technology has led to significant market gains, including nine new major retail logos in the US grocery and pharmacy sectors.
While operating expenses rose by 3.7% due to labor costs and investments in service infrastructure, management noted that the rollout of new field service software is largely complete, positioning the company for margin expansion starting in Q2 2026. Despite a slight decline in retail margins caused by external cyber-related disruptions, the banking segment remains robust with strong branch automation demand in North America and a recovery expected in Latin America.
Diebold Nixdorf enters 2026 with a solid $730 million product backlog and anticipates revenue growth to be weighted toward H2 of the year. The CEO emphasized that the company remains disciplined in its capital allocation, prioritizing shareholder returns through buybacks while evaluating tuck-in acquisitions that could immediately bolster its service capabilities and global footprint.
Diebold Nixdorf Inc. (NYSE:DBD) automates, digitizes, and transforms the way people bank and shop worldwide. It operates through two segments: Banking and Retail.
9. Remitly Global Inc. (NASDAQ:RELY)
Remitly Global Inc. (NASDAQ:RELY) is one of the best new tech stocks to invest in now. On February 18, Remitly Global recorded revenue of $1.635 billion in the full year 2025, which was a 29% increase year-over-year. Q4 was particularly strong with $442 million in revenue and $41 million in net income, driven by a 19% increase in active users to over 9 million. A significant highlight was the surge in high-value transactions, with volume from very high amount senders skyrocketing 105% in the quarter.
The company is undergoing a major leadership transition as co-founder Matt Oppenheimer steps into the role of Executive Chairman, passing the CEO mantle to former Amazon and Apple executive Sebastian Gunningham. This shift comes as Remitly scales its product ecosystem through new offerings like Flex, which is a send-now-pay-later service that has already surpassed 120,000 users.
Furthermore, the launch of Remitly Business and the integration of advanced AI fraud models have improved operational efficiency, leading to record-low transaction losses and a tripled free cash flow of $283 million for the year. With the company is currently holding less than 4% of the global consumer market, incoming leadership plans to use AI and product velocity to capture a larger share of the vast cross-border payment landscape.
Remitly Global Inc. (NASDAQ:RELY) provides digital financial services in the US, Canada, and internationally. It offers cross-border remittances and complementary financial services through a mobile application and website.
8. Netskope Inc. (NASDAQ:NTSK)
Netskope Inc. (NASDAQ:NTSK) is one of the best new tech stocks to invest in now. On February 3, Netskope introduced Netskope One Data Lineage, which is a new capability designed to track the provenance and lifecycle of data as it rests, moves, and is used. This tool is integrated into the Netskope One platform and provides organizations with a verifiable audit trail essential for regulatory compliance, security investigations, and policy enforcement.
Netskope Inc. (NASDAQ:NTSK) aims to help businesses safely navigate their AI innovation roadmaps while maintaining strict data governance by offering visibility into how data evolves or propagates across different files and formats. The solution addresses the limitations of legacy data loss prevention/DLP tools, which often fail to correlate data activity across diverse users and systems.
Netskope One Data Lineage enables security teams to visualize the entire movement of sensitive information, helping to identify insider threats and establish intent during data loss incidents. Additionally, the platform allows for the proactive adjustment of access policies by providing an extensive historical timeline of document origination, ensuring that sensitive data remains protected even as it is reformatted or extracted. Netskope One Data Lineage is currently in preview and is expected to reach general availability in H1 2026.
Netskope Inc. (NASDAQ:NTSK) is a cybersecurity company that provides security, networking, and analytics solutions to the largest enterprises and mid-sized companies worldwide.
7. Ralliant Corporation (NYSE:RAL)
Ralliant Corporation (NYSE:RAL) is one of the best new tech stocks to invest in now. On February 4, Ralliant reported Q4 2025 revenue of $555 million, which was only a 1% increase year-over-year but exceeded company guidance. Growth was uneven across segments: while the Communications division surged by 29% and Sensors & Safety Systems grew 6%, the Test & Measurement segment saw a 6% decline as customers remained cautious with capital expenditure.
The company faced a significant financial setback during the quarter, recording a $1.4 billion non-cash goodwill impairment charge related to its EA Elektro-Automatik business. Management attributed this write-down to a cooling in EV demand and shifts in global subsidies. Additionally, Ralliant is navigating structural cost headwinds following its recent spin-off, which are expected to impact adjusted EBITDA margins by 250 basis points in 2026.
Ralliant issued full-year revenue guidance of $2.1 billion to $2.2 billion and adjusted EPS of $2.22 to $2.42 for 2026. While the Test & Measurement segment is expected to remain at the lower end of growth expectations, the company remains committed to a disciplined capital allocation strategy that balances organic investment in AI and digital platforms with strategic tuck-in acquisitions.
Ralliant Corporation (NYSE:RAL) designs, develops, manufactures, sells, and services precision instruments and engineered products in the US, China, Western Europe, and internationally. It has two segments: Test & Measurement and Sensors & Safety Systems.
6. Klarna Group (NYSE:KLAR)
Klarna Group (NYSE:KLAR) is one of the best new tech stocks to invest in now. On February 18, Klarna achieved its first billion-dollar revenue quarter, totaling $1.082 billion in Q4 2025, which was a 38% increase year-over-year. This was fueled by a record GMV of $38.7 billion and a 101% surge in banking consumers, now totaling 15.8 million. These engaged users generate over 3x the revenue of average consumers, reflecting Klarna’s strategic evolution from a payments provider into a global digital bank.
The US market served as the primary growth engine, with revenue accelerating 58% year-over-year as Klarna reached 29 million domestic consumers. Market share gains were particularly notable in the Fair Financing segment, which grew 165% as users shifted away from traditional revolving credit. Additionally, the Klarna Card saw significant adoption, ending the quarter with 4.2 million active users, nearly double the count from the previous quarter.
Klarna also demonstrated significant operating leverage through AI-driven efficiencies and disciplined underwriting. Since 2022, the company has doubled its revenue while reducing operating expenses by 8% and decreasing headcount by 49%, resulting in a revenue per employee of $1.24 million.
Klarna Group (NYSE:KLAR) operates as a digital bank and flexible payments provider in the UK, the US, Germany, Sweden, and internationally. The company provides payment and marketing solutions to consumers and merchants.
5. Procore Technologies Inc. (NYSE:PCOR)
Procore Technologies Inc. (NYSE:PCOR) is one of the best new tech stocks to invest in now. On February 12, Procore Technologies reported Q4 2025 revenue of $349 million, which was a 15.6% year-over-year increase. The company showed strong momentum in high-value segments, with 20% growth in six and seven-figure deals and an expanded base of 2,700+ customers with at least $100,000 in ARR.
A major focus of the quarter was the rapid adoption of Procore’s AI initiatives, which now count 66,000 unique active users and nearly 700 customers using the platform to create thousands of custom agents. Procore also acquired Datarid to enhance advanced reasoning and integration. Despite these technological gains, the company continues to navigate a difficult construction environment, specifically citing negative growth in the US non-residential and multi-family sectors, as well as macroeconomic pressures impacting international expansion.
For 2026, Procore issued a revenue guidance of $1.489 to $1.494 billion, implying a slightly moderated growth rate of 13%. Management plans to evolve its AI monetization strategy through a mix of new product bundles and consumption-based components, positioning the company to address ongoing labor shortages and productivity challenges within the construction industry.
Procore Technologies Inc. (NYSE:PCOR), together with its subsidiaries, provides a cloud-based construction management platform and related products and services in the US and internationally.
4. Rubrik Inc. (NYSE:RBRK)
Rubrik Inc. (NYSE:RBRK) is one of the best new tech stocks to invest in now. On February 4, Rubrik announced the promotion of Jesse Green to Chief Revenue Officer, where he will lead the company’s global revenue organization. Green previously served as President of Rubrik Americas and brings nearly 25 years of leadership experience from companies such as MongoDB and AppDynamics.
He succeeds Brian McCarthy, who is departing for a new opportunity after establishing a strong organizational culture and a track record of consistent results. The leadership transition follows a period of significant momentum for the security and AI operations company. The CEO confirmed that Rubrik delivered a strong Q4, with preliminary financial results exceeding all previously guided metrics.
This performance follows a record-breaking Q3 and underscores the company’s rapid growth as it expands its Cyber Resilience and AI Agent Operations platforms globally. Rubrik Inc. (NYSE:RBRK) is now focusing its next phase of scale on enabling trusted AI transformation and agentic work. The company supported its platform through acquisitions like Predibase and Laminar.
Rubrik Inc. (NYSE:RBRK) provides data security solutions to individuals and businesses worldwide. It offers enterprise, unstructured, cloud, and SaaS data protection solutions; identity provider services protection; data threat analytics; data security posture; and cyber recovery solutions.
3. Figma Inc. (NYSE:FIG)
Figma Inc. (NYSE:FIG) is one of the best new tech stocks to invest in now. On February 18, Figma reported the financial results for Q4 2025, with revenue reaching $304 million, marking a 40% increase year-over-year. For the full year, the company surpassed $1 billion, generating $1.056 billion in total revenue. This growth was supported by a net dollar retention rate of 136% among customers with over $10,000 in ARR and international expansion, which grew 45% compared to the previous year.
The company is prioritizing AI-native functionality to drive user engagement and expand its customer base. The CEO highlighted the success of Figma Make and the integration of AI credits, noting that 75% of large customers are already using these credits weekly. However, Figma also anticipates that its non-GAAP operating margin will decrease from 12% in 2025 to 8% in 2026. This is attributed to increased investments in AI infrastructure, elevated stock-based compensation following its IPO, and the costs associated with transitioning to a hybrid monetization model involving both seats and AI credits.
Figma provided Q1 2026 revenue guidance of $315 to $317 million and full-year guidance of approximately $1.37 billion. Management remains focused on blurring the lines between design, engineering, and product management through its unified platform.
Figma Inc. (NYSE:FIG) develops a browser-based tool for designing user interfaces that helps design and development teams build various products.
2. Toast Inc. (NYSE:TOST)
Toast Inc. (NYSE:TOST) is one of the best new tech stocks to invest in now. On February 12, Toast reported its 2025 earnings report, which was highlighted by a 33% increase in recurring gross profit and an expanded adjusted EBITDA margin of 34%. The company added more than 30,000 net locations to its platform, ending the year with a total of 164,000 locations and surpassing $2 billion in ARR. In Q4 alone, the company’s revenue totaled $1.6 billion, which was a 22.05% improvement year-over-year.
Toast successfully moved into new markets and expanded its enterprise footprint by signing major brands such as Applebee’s and Firehouse Subs, alongside a successful launch in Australia. The company introduced over 500 new features, including the Toast IQ conversational AI assistant, to enhance platform value and operational efficiency. Despite these gains, the company noted some headwinds, including higher hardware costs driven by memory chip demand and tariffs, as well as a drag on SaaS ARR per location as international and enterprise segments continue to scale.
For 2026, Toast projects recurring gross profit growth between 20% and 22%, with adjusted EBITDA guidance set at $775 to $795 million. Management remains focused on long-term expansion through R&D investments in AI and new product rollouts, such as a dedicated drive-thru solution.
Toast Inc. (NYSE:TOST) operates a cloud-based digital technology platform for the restaurant industry in the US, Ireland, India, and internationally.
1. Nextpower Inc. (NASDAQ: NXT)
Nextpower Inc. (NASDAQ:NXT) is one of the best new tech stocks to invest in now. On February 17, Nextpower announced a multi-year supply agreement with Jinko Solar (US) Industries Inc. to provide gigawatt-scale steel solar module frames. Under the terms of the deal, Nextpower will supply at least 1 GW of steel frames, with the potential to scale up to 3 GW over three years. These components will support Jinko Solar’s manufacturing operations at its Jacksonville, Florida facility, with production slated to begin in mid-2026.
To support this partnership and further localize its supply chain, Nextpower Inc. (NASDAQ:NXT) intends to expand its manufacturing capacity in the Southeastern US to simplify logistics for direct supply to Jinko Solar’s Florida plant. This move follows Nextpower’s recent growth in Memphis and contributes to a network of over 25 US factories that the company has established or expanded since 2021 to meet the rising demand for domestic solar components.
The transition to steel frames offers structural and financial advantages for the solar industry. Independent testing indicates that steel frames provide superior durability and stiffness compared to traditional materials for reliability in extreme weather. Furthermore, using US-made steel frames allows developers to add six percent to a tracker project’s domestic content calculation, helping them align with US Treasury Department guidance and national manufacturing priorities.
Nextpower Inc. (NASDAQ:NXT) provides solar tracker technologies and solutions for utility-scale and distributed generation solar applications in the US and internationally.
While we acknowledge the potential of NXT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NXT and that has 100x upside potential, check out our report about this cheapest AI stock.
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