On July 12, Lo Toney, Plexo Capital’s founding managing partner, joined CNBC’s ‘Closing Bell Overtime’ to talk about Big Tech’s big rally. Toney drew parallels between AI today and the rise of the internet over two decades ago. At that time, for instance, many believed that eBay had a superior business model due to its profitability and was an obvious winner, while Amazon stayed stagnant due to its heavy investments in building warehouses. But the internet evolved, and Amazon dominated the market. Tony suggests that the AI landscape might follow a similar, unpredictable trajectory, and that the market may be underestimating the ultimate scale of this AI shift. Historically, during such platform shifts, there’s a tendency to misjudge not only which companies will prevail but also the eventual size of these new markets.
The conversation then shifted to the broader “AI arms race” in both public and private markets. The question was whether companies investing heavily, even at the expense of immediate profits, are currently being rewarded the most, and if this is the correct investment perspective. Toney emphasized that it’s still very early in this race. He explained that investors are focusing on companies that show early traction and their position within the AI stack. This includes companies at the infrastructure layer, the model layer, and the application layer. While some companies span multiple layers, the immediate focus is on traction and, more importantly, revenue generation, as enterprises are currently spending on AI, though consumer adoption lags somewhat.
That being said, we’re here with a list of the 10 best tech stocks to buy under $100.
A technician at a sophisticated computer hardware rig, emphasizing the company’s chip-manufacturing capabilities.
Methodology
We sifted through the Finviz stock screener to compile a list of the top tech stocks under $100 as of July 14. We then selected the 10 stocks that were the most popular among elite hedge funds and that analysts were bullish on. The stocks are ranked in ascending order of the number of hedge funds that have stakes in them, as of Q1 2025.
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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
10 Best Tech Stocks to Buy Under $100
10. Flex Ltd. (NASDAQ:FLEX)
Share Price as of July 14: $51.96
Number of Hedge Fund Holders: 46
Flex Ltd. (NASDAQ:FLEX) is one of the best tech stocks to buy under $100. On June 24, Flex announced that it received a 2025 Manufacturing Leadership Award in the Digital Supply Chains category. These awards are sponsored by the National Association of Manufacturers and recognize manufacturing companies and leaders who are shaping the future of global manufacturing.
The award specifically recognized Flex Pulse Network Design, one of Flex’s intelligent Flex Pulse tools. The tool was honored for its unique capability to help companies de-risk decisions through advanced modeling, which enables them to design, test, and rapidly evaluate robust and efficient value chain solutions.
Flex Pulse Network Design uses predictive analytics and ML to provide real-time insights, which can reduce total supply chain costs by 5% to 30% and cut down network simulation times from weeks to just hours. Flex was formally recognized at the Manufacturing Awards Gala held on June 18 at the JW Marriott in Marco Island, Florida.
Flex Ltd. (NASDAQ:FLEX) provides technology innovation, supply chain, and manufacturing solutions to data center, communications, enterprise, consumer, automotive, industrial, healthcare, industrial, and power industries.
9. Cognizant Technology Solutions Corporation (NASDAQ:CTSH)
Share Price as of July 14: $75.39
Number of Hedge Fund Holders: 49
Cognizant Technology Solutions Corporation (NASDAQ:CTSH) is one of the best tech stocks to buy under $100. On July 10, Cognizant announced the launch of Cognizant Agent Foundry, which is a new offering to help enterprises build, deploy, and manage autonomous AI agents at scale.
Cognizant Agent Foundry provides a composable and platform-agnostic pathway for organizations to become agentic enterprises, where humans and AI agents collaborate across functions. The offering includes a framework, reusable assets (using Cognizant’s proprietary intellectual property and third-party solutions), and implementation services.
Cognizant Agent Foundry has a modular design, composability, enterprise-grade governance, and multi-platform interoperability. It uses Cognizant’s technological expertise and deep industry knowledge through foundational elements such as domain-specific small language models/SLMs, industrialized agent templates (built using platforms like Cognizant Neuro AI Multi-Agent Accelerator), and a pre-built library of proprietary and third-party agents to accelerate deployment.
Cognizant Technology Solutions Corporation (NASDAQ:CTSH) is a professional services company that provides consulting & technology, and outsourcing services internationally.
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