In this article, we will discuss the 11 Oversold Tech Stocks to Buy Now.

On June 26, Ed Yardeni, Yardeni Research President, appeared on CNBC’s ‘Squawk on the Street’ to discuss his outlook on market earnings and the current state of the AI sector. Yardeni maintained his bullish stance and noted that he previously underestimated the Fabulous Earnings Momentum (FEMO) of the market, which he now describes as very solid. He attributed the recent market weakness to a June swoon and what he calls AI fatigue, suggesting that investors are feeling exhausted by the ongoing efforts to determine how the AI landscape will evolve. He also pointed to renewed concerns similar to the DeepSeek phenomenon, specifically regarding the potential for cheaper, open-source models from China and broader questions about the long-term profitability of the AI business.

Despite these concerns, Yardeni highlighted that hardware demand remains exceptionally strong. He argued that companies will continue to invest in data centers, which in turn will have a positive impact on the overall economy. Addressing a sentiment shared by Jim regarding hyperscalers, Yardeni acknowledged the persistent question of how companies can be certain of their rate of return on heavy AI spending. However, he sided with the management of the hyperscalers, describing them as savvy and well-managed, and stating his assumption that they understand the business and that their investments in data centers will ultimately pay off.

Our Methodology

We used screeners to identify tech stocks with an RSI reading of less than 30, and limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. For this article, we also considered stocks from the fintech, medtech, edtech, and traveltech sectors. These stocks are also popular among analysts and elite hedge funds.

Note: All data was sourced on June 26. 

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. Insider Monkey’s quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).

11 Oversold Tech Stocks to Buy Now

11. Comtech Telecommunications Corp. (NASDAQ:CMTL)

Number of Hedge Fund Holders: 16

Comtech Telecommunications Corp. (NASDAQ:CMTL) is one of the oversold tech stocks to buy now. On June 15, Comtech Telecommunications agreed to sell most of its Satellite & Space Communications (S&S) segment to Gilat Satellite Networks for $157.5 million. Expected to close in late 2026, the transaction allows Comtech to focus exclusively on its public safety technology business, which will be rebranded as Allerium.

The company will use the net cash proceeds to reduce debt and strengthen its balance sheet, alongside amendments to its credit and preferred stock agreements. By simplifying its operating model, Comtech aims to accelerate growth in recurring software and AI-enabled emergency response services, targeting a more profitable and focused financial profile.

This divestiture marks the successful conclusion of Comtech’s strategic review process. Once transitioned, Allerium will prioritize the development of next-generation mission-critical solutions, moving beyond standard connectivity toward data-centric coordination for public safety agencies and mobile network operators.

Comtech Telecommunications Corp. (NASDAQ:CMTL) is a global provider of critical communications technology, operating through its Satellite and Space Communications and Allerium segments.

10. SunPower Inc. (NASDAQ:SPWR)

Number of Hedge Fund Holders: 23

SunPower Inc. (NASDAQ:SPWR) is one of the oversold tech stocks to buy now. On June 15, Cobalt Power Systems, a subsidiary of SunPower, partnered with Wunder Power to complete a 220.9 kW DC solar installation at San Francisco’s Waterfront Plaza. The project is expected to generate ~349,000 kWh of clean electricity annually. This installation represents a significant commercial milestone for Cobalt, showing its expertise in delivering complex solar solutions within challenging, dense urban environments.

The project required innovative engineering to safely install 554 high-efficiency modules on a post-tension concrete roof. Teams used custom-engineered anchor points to navigate beneath the roof membrane and strategically distributed over 3,000 ballast blocks to ensure seismic stability and meet structural loading requirements. This precision highlights the company’s ability to manage sophisticated installations in restricted urban spaces.

The successful completion of the Waterfront Plaza project strengthens the ongoing partnership between Cobalt and Wunder Power as they expand their reach across California and the US. SunPower CEO T.J. Rodgers noted that the unique elevated mounting system is designed to support future “Monolith II” dual-sided panels, which are intended to provide increased power output by absorbing light through both sides of the glass.

SunPower Inc. (NASDAQ:SPWR) is a US-based residential solar installation, storage, and technology provider. The company focuses on high-efficiency solar panels, battery systems, and financing solutions.

9. Verra Mobility Corporation (NASDAQ:VRRM)

Number of Hedge Fund Holders: 31

Verra Mobility Corporation (NASDAQ:VRRM) is one of the oversold tech stocks to buy now. On June 18, Verra Mobility announced a series of organizational changes to streamline operations and enhance customer focus, including the appointment of Stacey Moser as Chief Customer Officer. In this new role, Moser will unify sales, account management, and marketing across the company’s Commercial Services and Government Solutions businesses to drive greater alignment and responsiveness.

These changes follow a review by the company’s Transformation Committee, which recommended a more integrated operating model to reduce complexity. The company is accelerating a hybrid structure that centralizes key functions (such as Finance, Engineering, and Human Resources) under the CEO, while integrating customer-facing teams to improve execution and cost efficiency.

Concurrent with these updates, the company noted the upcoming departure of Jon Baldwin, Executive Vice President of Government Solutions, effective July 9. While the firm integrates its core customer-facing teams, it will continue to operate its T2 Systems business independently under Lin Bo’s leadership to maintain a dedicated focus on its parking sector clients.

Verra Mobility Corporation (NASDAQ:VRRM) provides smart mobility technology solutions. The company’s operations are divided into the following segments: Government Solutions, Commercial Services, and Parking Solutions.