10 Best Technology Penny Stocks to Invest In According to Hedge Funds

7. Clarivate (NYSE:CLVT)

Number of Hedge Fund Holders: 21

Clarivate (NYSE:CLVT) is one of the best technology penny stocks to invest in according to hedge funds. On April 28, Clarivate introduced Nexus Connect, a first-of-its-kind AI gateway designed to integrate university-licensed research and library services directly into general-purpose AI chat agents like ChatGPT and Claude. Using the Model Context Protocol/MCP, the platform allows students and researchers to access scholarly resources and manage library tasks, such as book renewals and discovery, without leaving their AI workspace.

The platform functions as a university-branded connector that grounds AI responses in trusted, institutional content. This addresses a gap for academic libraries by providing visibility and control over how licensed resources are surfaced within AI environments. By integrating with Clarivate’s Academic AI Platform and existing tools like Primo & Alma, Nexus Connect ensures that libraries remain central to the research process, offering features such as entitlement-based access, configurable search scopes, and enterprise-grade privacy protections.

Five universities across North America and the APAC region are slated to be the first to deploy the technology, with a broader early access program scheduled for July. Initial use cases allow users to search the Clarivate Central Discovery Index and retrieve full-text materials or manage physical library accounts directly through a chat conversation. Clarivate (NYSE:CLVT) plans to expand the gateway’s capabilities in subsequent releases to include research guides, teaching materials, and additional third-party academic vendor services.

Clarivate (NYSE:CLVT) is a technology company with services covering global information, analytics, and workflow solutions. The company has 3 segments: academia and government, oriented towards research & analytics, content aggregation, and AI-powered workflow software solutions; IP, which handles IP management software; and life sciences & healthcare, which focuses on R&D tools.