According to Grand View Research, the global IT services market size was estimated at $1.50 trillion in 2024 and is projected to reach $2.59 trillion by 2030 at a compound annual growth rate of 9.4% from 2025 to 2030. The global IT market’s growth is being significantly driven by the increasing adoption of AI. A major trend is the focus on AI in business processes, with companies introducing innovative next-gen language models to drive revenue.

A report by Research and Markets noted that AI is a part of the fourth industrial revolution. The IT market is being propelled by the escalating adoption of IoT devices, which rely on IT for infrastructure, connectivity, and analytics. The report also highlights the growing importance of open-source alternatives, with companies like the Y Combinator-incubated startup Supabase securing $6 million in funding to develop new open-source tools. Additionally, the growth of the IT market is fueled by the increased demand for cloud computing services, a sector where AI manages and operates data storage.

Earlier on August 19, Dan Ives, Wedbush Securities’ global head of technology research, joined CNBC’s ‘Closing Bell’ to suggest that the next 2 to 3 years will be a tech bull market. Wedbush analyst Dan Ives discussed the AI market in particular, in response to a warning from OpenAI CEO Sam Altman that investors are overexcited about the AI trade. Ives disagreed with Altman’s assessment and stated that he believes the AI market is only in the second inning of a nine-inning game. He feels that the impact of the AI revolution over the medium and long term is actually being underestimated, particularly as it begins to play out with enterprise use cases and ultimately in the consumer and autonomous sectors.

That being said, we’re here with a list of the 11 best IT stocks to invest in according to hedge funds.

Our Methodology

We used the Finviz stock screener to compile a list of the top IT stocks. We then selected the 11 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 Q2 2025. The hedge fund data was sourced from Insider Monkey’s database, which tracks the moves of over 1000 elite money managers.

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).

11 Best IT Stocks to Invest In According to Hedge Funds

11. Genpact Limited (NYSE:G)

Number of Hedge Fund Holders: 35

Genpact Limited (NYSE:G) is one of the best IT stocks to invest in according to hedge funds. On September 8, Genpact announced a global rebrand. The rebrand reflects the company’s strategic pivot toward becoming an advanced technology company. To mark the occasion, members of Genpact’s leadership team celebrated by ringing the opening bell at the New York Stock Exchange.

The rebranding follows the company’s 2025 Investor Day in late June, where it unveiled “GenpactNext,” which is a new growth model and strategic framework. The framework is centered on the creation of “agentic AI solutions,” which are designed to autonomously manage complex business processes, leading to faster and more responsive operations for clients.

A key part of the rebrand is the new tagline, “on it.” According to Caitlin Blewett, Genpact’s Chief Marketing Officer, the tagline embodies the company’s culture and what it provides to clients. She stated that “on it” represents the company’s ability to not just react to change, but to actively drive it, creating value for both clients and employees by moving faster than the world around it.

Genpact Limited (NYSE:G) provides business process outsourcing and IT services in India, the rest of Asia, North and Latin America, and Europe. It has 3 segments: Financial Services, Consumer & Healthcare, and High Tech & Manufacturing.

10. Broadridge Financial Solutions Inc. (NYSE:BR)

Number of Hedge Fund Holders: 38

Broadridge Financial Solutions Inc. (NYSE:BR) is one of the best IT stocks to invest in according to hedge funds. On September 9, Broadridge Financial Solutions announced the acquisition of iJoin. iJoin is a retirement plan technology provider that specializes in solutions for participants onboarding, engagement, and analytics.

The acquisition is intended to combine Broadridge’s existing retirement plan servicing, custody, analytics, and participant communications solutions with iJoin’s technology. The new, combined capabilities will assist various providers in the retirement ecosystem, such as record keepers, financial advisors, asset managers, and insurers, in offering enhanced and more personalized tools for retirement plan participants.

Steve McCoy, CEO of iJoin, stated that the company’s mission has always been to help connect participants to personalized, goal-based solutions. He believes that partnering with Broadridge will allow them to “take that mission to the next level” due to Broadridge’s scale and established relationships. The transaction is not expected to have a material impact on Broadridge’s financial results.

Broadridge Financial Solutions Inc. (NYSE:BR) provides investor communications and technology-driven solutions for the financial services industry in the US and internationally.