10 Best Tech Stocks Under $50 To Invest In

3. Grab Holdings Limited (NASDAQ:GRAB)

Share Price: $5.34

Number of Hedge Fund Holders: 56

Grab Holdings Limited (NASDAQ:GRAB) is one of the best tech stocks under $50 to invest in. On June 9, Grab Holdings Limited (NASDAQ:GRAB) shared certain updates and operating metrics for the months of April and May 2025.

Despite economic uncertainties, Grab Holdings Limited (NASDAQ:GRAB) saw strong performance in its on-demand gross merchandise value (GMV) and in the number of rides for the months of April and May.

The company’s business in Indonesia continued to grow sequentially during these two months. Grab Holdings Limited (NASDAQ:GRAB) is focused on making its services more affordable and expanding in Indonesia, which is also helping the company’s driver-partners, merchant-partners, and customers.

In April and May 2025, Grab Holdings Limited (NASDAQ:GRAB) saw its on-demand GMV grow by 19% year-over-year. The number of rides continued to grow faster than GMV, increasing 23% year-over-year. Deliveries GMV also rose by 20% compared to April and May of 2024.

According to the report by Grab Holdings Limited (NASDAQ:GRAB), these positive results were driven by the company’s focus on affordability and product-led growth initiatives. The company sees strong traction with users showing improved frequency and retention.

Grab Holdings Limited (NASDAQ:GRAB) is expected to share more details about its overall performance in its Q2 2025 earnings report. The company plans to announce these results after the US market closes on July 30, 2025.

Grab Holdings Limited (NASDAQ:GRAB) is a Singaporean multinational technology company that operates a superapp in Southeast Asia, providing services across deliveries, mobility, and digital financial services. The company serves over 800 cities in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.