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.
8. Elastic (NYSE:ESTC)
Share Price as of July 14: $82.25
Number of Hedge Fund Holders: 52
Elastic (NYSE:ESTC) is one of the best tech stocks to buy under $100. On July 10, Elastic announced that Gartner positioned it as a Leader in the 2025 Magic Quadrant for Observability Platforms for its Elastic Observability offering. This marks the second consecutive year Elastic has achieved this recognition, which is a result of Gartner’s evaluation of the company’s overall Completeness of Vision and Ability to Execute.
Elastic Observability is powered by Elastic’s Search AI Platform and is designed to help organizations monitor, troubleshoot, and optimize their entire ecosystem. Elastic’s native integration with OpenTelemetry allows organizations to standardize on open-source instrumentation without custom connectors. The platform also offers an AI-driven Assistant that uses Retrieval Augmented Generation/RAG to connect to enterprise knowledge.
Elastic Observability features zero-config AIOps, using out-of-the-box ML capabilities to detect anomalies, forecast trends, and uncover patterns. Its powerful piped query language (ES|QL) facilitates advanced and faster queries for complex investigations. Additionally, Elastic’s Search AI Lake supports petabytes of structured and unstructured data.
Elastic (NYSE:ESTC) is a search AI company that provides software platforms to run in hybrid, public, or private clouds and multi-cloud environments in the US and internationally.
7. SS&C Technologies Holdings Inc. (NASDAQ:SSNC)
Share Price as of July 14: $83.56
Number of Hedge Fund Holders: 54
SS&C Technologies Holdings Inc. (NASDAQ:SSNC) is one of the best tech stocks to buy under $100. On July 10, SS&C Technologies announced the addition of Black Diamond Investment Management Services to its Black Diamond Wealth Platform. The new suite of integrated capabilities is designed to transform how wealth management firms streamline portfolio management, trading, and client engagement.
Over 2700 firms currently use the cloud-native SS&C Black Diamond Wealth Platform to address the complex needs of modern advisors. By embedding new capabilities into a unified platform, SS&C aims to empower advisors to dedicate more time to building client relationships and less time on operational tasks.
Black Diamond Investment Management Services include Managed Account Services, which offers a turnkey solution allowing advisors to outsource trading, rebalancing, and portfolio oversight directly from the Black Diamond platform. This service is powered by SS&C ALPS Advisors. Another feature is the Model Marketplace, which offers curated access to a selection of portfolio models, including those from SS&C ALPS Advisors and various third-party managers.
SS&C Technologies Holdings Inc. (NASDAQ:SSNC) provides software products and software-enabled services to the financial services and healthcare industries.
6. Nutanix Inc. (NASDAQ:NTNX)
Share Price as of July 14: $72.46
Number of Hedge Fund Holders: 54
Nutanix Inc. (NASDAQ:NTNX) is one of the best tech stocks to buy under $100. On July 1, Nutanix announced the findings of its seventh annual global Healthcare Enterprise Cloud Index/ECI survey and research report. This report measures cloud adoption progress in the healthcare industry and revealed that an astonishing 99% of healthcare organizations surveyed are currently using GenAI applications or workloads.
These applications range from AI-powered chatbots to code co-pilots and clinical development automation. Despite rapid adoption, majority of these organizations report that their current data security and governance measures are insufficient to fully support GenAI at scale.
Healthcare leaders face several hurdles in integrating GenAI. The primary concern, which was flagged by 79% of respondents, is the difficulty in integrating GenAI with existing IT infrastructure. This is closely followed by the persistence of healthcare data silos (65%) and ongoing development challenges with cloud-native applications and containers (59%).
Nutanix Inc. (NASDAQ:NTNX) provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa.
5. Microchip Technology Incorporated (NASDAQ:MCHP)
Share Price as of July 14: $74.05
Number of Hedge Fund Holders: 56
Microchip Technology Incorporated (NASDAQ:MCHP) is one of the best tech stocks to buy under $100. On July 10, Microchip Technology announced two significant advancements for its Radiation-Tolerant/RT PolarFire technology to support the evolving needs of space system developers.
These milestones include the MIL-STD-883 Class B and QML Class Q qualification of the RT PolarFire RTPF500ZT FPGA, as well as the availability of engineering samples for the RT PolarFire System-on-Chip (SoC) FPGA. The achievements highlight Microchip’s extensive spaceflight heritage that spans over 60 years, and its dedication to providing highly reliable and low-power solutions for demanding space applications.
MIL-STD-883 Class B and Qualified Manufacturers List/QML Class Q are industry standards that define testing and qualification processes for microelectronic components used in high-reliability environments such as space and defense. MIL-STD-883 is developed by the US Department of Defense and outlines methods for environmental, mechanical, and electrical testing.
Microchip Technology Incorporated (NASDAQ:MCHP) develops, manufactures, and sells smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia.
4. Ciena Corporation (NYSE:CIEN)
Share Price as of July 14: $81.42
Number of Hedge Fund Holders: 58
Ciena Corporation (NYSE:CIEN) is one of the best tech stocks to buy under $100. On June 25, Telxius, which is a global connectivity provider, and Ciena announced an industry first: a live 1.3 Tb/s single wavelength data transmission across the Atlantic Ocean. The achievement took place over Telxius’ 6600 km Marea submarine cable, which connects Virginia Beach, Virginia, in the US, to Bilbao, Spain.
The groundbreaking transmission was powered by Ciena’s WaveLogic 6 Extreme (WL6e) technology, which uses state-of-the-art 3nm silicon. Beyond the record-setting data rate, the companies also achieved the highest-ever spectral-efficiency transmission across the Atlantic and reached 7.0 bits/s/Hz. This milestone offers enhanced support for the rising demands of AI and data center traffic growth.
Ciena’s WL6e technology is the industry’s first high-bandwidth coherent transceiver. It offers a 50% reduction in space and power per bit to operators. Telxius plans to deploy WL6e in selected submarine systems across its network throughout the remainder of 2025 and beyond.
Ciena Corporation (NYSE:CIEN) is a network technology company that provides hardware, software, and services for various network operators in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and India.
3. Global Payments Inc. (NYSE:GPN)
Share Price as of July 14: $79.49
Number of Hedge Fund Holders: 65
Global Payments Inc. (NYSE:GPN) is one of the best tech stocks to buy under $100. On July 10, Oro Inc., which is a leader in open-source B2B digital commerce, officially launched OroPay. OroPay is backed by a partnership with Global Payments. This deep integration allows OroPay to support Level 2 and Level 3 credit card processing, which lowers fees for high-value B2B transactions.
Customers also benefit from advanced fraud protection, SCA/PSD2 compliance, tokenization, and support for a wide range of local and global payment methods. OroPay is a fully integrated payment platform designed for manufacturers and distributors using OroCommerce. OroPay aims to unify invoicing, payments, ERP connectivity, and commerce into a single ecosystem.
With OroPay, sellers can manage invoicing, payments, and account data within one system, while buyers gain a convenient, self-service method to pay using options like credit cards, ACH, or other digital methods. The system ensures real-time visibility and connectivity from order to payment to reconciliation.
Global Payments Inc. (NYSE:GPN) provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific.
2. Intel Corporation (NASDAQ:INTC)
Share Price as of July 14: $23.30
Number of Hedge Fund Holders: 91
Intel Corporation (NASDAQ:INTC) is one of the best tech stocks to buy under $100. On July 11, RealSense announced its successful spinout from Intel Corporation and the completion of a $50 million Series A funding round. The investment was led by a prominent semiconductor private equity firm, with additional participation from investors including Intel Capital and MediaTek Innovation Fund.
Now operating as an independent entity, RealSense is set to focus on advancing innovation in AI, robotics, biometrics, and computer vision to lead in computer vision and machine perception for physical AI and beyond. Physical AI refers to AI systems that directly interact with the physical world through sensors and actuators.
The new capital will be used to scale its manufacturing, sales, and go-to-market/GTM global operations to address the increasing demand for humanoid and autonomous mobile robotics/AMRs, as well as AI-powered access control and security solutions.
Intel Corporation (NASDAQ:INTC) designs, develops, manufactures, markets, and sells computing & related products and services worldwide. RealSense delivers industry-leading depth cameras and vision technology used in industries like autonomous mobile robots, industrial automation, and healthcare.
1. Uber Technologies Inc. (NYSE:UBER)
Share Price as of July 14: $93.89
Number of Hedge Fund Holders: 145
Uber Technologies Inc. (NYSE:UBER) is one of the best tech stocks to buy under $100. On July 14, Uber officially rolled out “senior accounts” in the UK, which is a new feature designed to make its ride-hailing app more accessible for elderly individuals. The initiative allows relatives or caregivers to remotely book and track trips for their older parents or grandparents to enhance independence.
The new “senior accounts” provide a streamlined version of the Uber app. This includes larger text, buttons that are easier to tap, simplified screens, and fewer steps required to make a booking. Through Uber’s existing “family profiles” feature, trusted family members can invite an older adult to set up an account and enable them to remotely book or manage rides.
This support from afar includes live-tracking trips and the ability to contact the driver or Uber’s safety reporting line. Family members also gain access to the driver’s name and vehicle information once a booking is made. Additionally, older users can save favorite places for quick booking shortcuts and use flexible payment options. The UK rollout follows a pilot program for senior accounts conducted last month in the US and Latin America.
Uber Technologies Inc. (NYSE:UBER) develops and operates proprietary technology applications and operates through three segments: Mobility, Delivery, and Freight.
While we acknowledge the potential of UBER 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 UBER and that has 100x upside potential, check out our report about this cheapest AI stock.
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