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.
8. Leidos Holdings Inc. (NYSE:LDOS)
Number of Hedge Fund Holders: 44
Leidos Holdings Inc. (NYSE:LDOS) is one of the oversold tech stocks to buy now. On June 25, Leidos partnered with The Modern Data Company to help federal agencies unify fragmented data for AI and analytics without requiring extensive system overhauls. By integrating Modern Data’s DataOS into Leidos’ HeadWay Mission OS, the collaboration creates a secure layer that connects data across disconnected cloud and on-premise environments.
The solution allows agencies to transform siloed information into secure, reusable data products, accelerating AI readiness while maintaining consistent governance and compliance. This approach enables agencies to unlock legacy data and improve operational insights more rapidly than traditional, multi-year migration projects.
This initiative supports Leidos’ NorthStar 2030 strategy, which focuses on providing scalable digital modernization for government customers. By automating data access and strengthening reliability, the partnership aims to solve the industry-wide challenge of data accessibility, directly addressing the difficulty agencies face in preparing trusted data for modern AI applications.
Leidos Holdings Inc. (NYSE:LDOS), along with its subsidiaries, offers services and solutions for government and commercial customers in the U.S. The company operates through segments including National Security & Digital, Health & Civil, Commercial & International, and Defense Systems.
7. Cognizant Technology Solutions Corporation (NASDAQ:CTSH)
Number of Hedge Fund Holders: 50
Cognizant Technology Solutions Corporation (NASDAQ:CTSH) is one of the oversold tech stocks to buy now. On June 11, Cognizant selected Oracle Fusion Cloud Recruiting, part of Oracle Fusion Cloud Human Capital Management, to advance its talent acquisition strategy. This partnership aims to streamline hiring workflows and enhance candidate experiences across more than 60 countries. The move is designed to support Cognizant’s plans to scale its global workforce of over 350,000 employees.
The company chose Oracle for its embedded AI capabilities and the flexibility to build custom solutions tailored to its specific business objectives. Specifically, Cognizant plans to use Oracle AI Agent Studio to develop custom AI agents that manage unique recruiting processes. This unified platform will allow the firm to balance standardized hiring practices with region-specific requirements.
By integrating automation and AI, Cognizant Technology Solutions Corporation (NASDAQ:CTSH) expects to improve hiring efficiency and better engage prospective talent. Oracle executives noted that the platform is built to handle the global scale required by organizations of Cognizant’s size, helping them build a future-ready workforce. This adoption further strengthens the existing long-term partnership between the two technology companies.
Cognizant Technology Solutions Corporation (NASDAQ:CTSH) provides information technology, consulting, and business process outsourcing services. The company’s services include AI, application services, business process services, core modernization, and cloud solutions.
6. Accenture (NYSE:ACN)
Number of Hedge Fund Holders: 64
Accenture (NYSE:ACN) is one of the oversold tech stocks to buy now. On June 24, Coretura, a software-defined vehicle platform JV between Daimler Truck and Volvo Group, signed an engineering agreement with Accenture to accelerate the development of a unified software stack for commercial vehicles. The collaboration aims to create a reusable, generation-independent platform that standardizes software across trucks and buses, enabling continuous performance upgrades and features over a 15-plus-year vehicle lifecycle.
Accenture will serve as the primary engineering partner, providing expertise in electrical architecture, software abstraction, and AI-driven development. This partnership is designed to accelerate the delivery of Coretura’s platform (targeted for initial commercialization by the end of the decade) while allowing Coretura to retain full strategic ownership and architectural control.
The initiative represents a shift away from the industry’s current fragmented approach, where manufacturers typically build software projects from scratch. By adopting a shared platform, Coretura and Accenture (NYSE:ACN) aim to reduce costs and secure consistent time-to-market for manufacturers globally.
Accenture (NYSE:ACN) is a global professional services company specializing in strategy, consulting, technology, and digital transformation. Headquartered in Dublin, Ireland, the company provides services in cloud computing, AI, security, and operations, helping organizations modernize systems and drive innovation across industries.
While we acknowledge the potential of ACN 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 ACN and that has 100x upside potential, check out our report about the cheapest AI stock.
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