In this article, we will look at the 12 Best Tech Stocks to Invest In on the Dip.
The Nasdaq Composite shed 4% on Friday, June 5, its worst single-session loss since April 2025’s tariff turmoil. However, BTIG, a global financial services firm, is not calling the selloff a one-day event. Jonathan Krinsky, the firm’s technical strategist, warned that tech stocks face an additional 9%-10% downside from current levels. In fact, he called Friday’s drop the start of a larger unwind and characterized the sector as still broken technically, and that it doesn’t have a confirmed recovery yet in sight.
However, not everyone on Wall Street agrees with that line of thinking. For example, Steve Sosnick, chief strategist at Interactive Brokers, told MarketWatch that the anticipated flood of new supply from the upcoming SpaceX IPO is creating bad psychology and causing some investors to raise money to pay for it. For Valérie Noël, head of trading at Syz Bank, IPOs of SpaceX’s size tend to absorb liquidity. They also encourage some portfolio rebalancing, particularly when investors want to create room for a new position, Noël told the Financial Times.
Other expert observers see Friday’s selloff as the symptom of a kind of fragility that is ingrained in the current structure of the market. They cite LSEG Datastream data, which shows that the US tech sector now accounts for more than 39% of the S&P 500’s total market capitalization. This concentration is even higher than the 35% peak recorded during the dotcom bubble of March 2000. With such concentration levels, noted Walter Todd, chief investment officer at Greenwood Capital, it doesn’t take much to unravel the entire market.
Be that as it may, a Bespoke Investment Group analysis cited by Reuters argues that today’s leadership of the market by tech stocks isn’t anything close to the scenario during the dotcom bubble. For starters, the tech sector today accounts for more than a quarter of trailing 12-month net income among S&P 500 members. This is nearly twice the share it held at the dotcom bubble’s peak. Considering that some, such as David Lefkowitz, head of US equities at UBS Global Wealth Management, believe that the AI trade that has fueled much of the tech stock rally has further to go, it seems the sector still has plenty of runway left.
With that backdrop in mind, this article identifies 12 tech stocks worth considering during the current dip.
Our Methodology
To create this list, we used the Finviz stock screener to identify technology stocks that have declined more than 25% on a year-to-date basis as of June 10, 2026, but analysts see more than 25% upside potential. These stocks are also popular among analysts and elite hedge funds in Q1 2026. We ranked the stocks in ascending order based on the number of hedge funds that hold stakes in them.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research shows 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).
Best Tech Stocks to Invest In on the Dip
12. Broadridge Financial Solutions, Inc. (NYSE:BR)
Number of Hedge Fund Holders: 44
Stock Upside: 33.30%
Year-To-Date Performance: -32.77%
Broadridge Financial Solutions, Inc. (NYSE:BR) is one of the best tech stocks to invest in on the dip. On June 8, Broadridge Financial Solutions, Inc. announced that its Distributed Ledger Repo (DLR) platform processed $7.2 trillion in repo transactions during May 2026. The company noted that the average daily volume for the month amounts to $362 billion, a 220% year over year increase.
For context, the repo market is a short-term borrowing mechanism that financial institutions use to manage liquidity and collateral daily, and Broadridge’s DLR platform handles this activity using distributed ledger technology. According to the company, DLR allows tokenized securities to be settled and moved in real time within existing market workflows. Because it removes the need for manual reconciliations, the solution avoids settlement delays that typically slow down traditional repo infrastructure.
Horacio Barakat, Global Head of Digital Innovation at Broadridge, noted that the 220% year over year growth reflects a broader trend of institutional adoption. He said: “Institutions are increasingly looking for ways to improve liquidity efficiency and collateral mobility while maintaining operational simplicity. DLR is helping firms put tokenization to work in day-to-day market activity, delivering measurable benefits on an institutional scale.”
In August 2024, the DLR processed around $1 trillion, which then surged to $5.9 trillion by August 2025. The volume peaked at nearly $8 trillion by March this year.
Last month, on May 12, Broadridge announced an expansion of its tokenization capabilities that goes beyond the repo market. The company said plans were in motion to extend the DLR infrastructure to cover the issuance, trading, settlement, and servicing of tokenized securities across multiple asset classes. The goal, according to Frank Troise, President of Broadridge’s Global Capital Markets business, is to give institutions a single integrated framework through which they can operate across both traditional and digital markets.
Broadridge Financial Solutions, Inc. is a financial technology company. It provides investor communications, governance, capital markets, and wealth management solutions to financial institutions, corporations, and asset managers.
11. Leidos Holdings, Inc. (NYSE:LDOS)
Number of Hedge Fund Holders: 44
Stock Upside: 44.92%
Year-To-Date Performance: -31.53%
Leidos Holdings, Inc. (NYSE:LDOS) is one of the best tech stocks to invest in on the dip. On June 4, Leidos Holdings, Inc. announced the deployment of a new cloud-based satellite communications tool called the Joint Management Tool, or JMT. Leidos said the JMT is developed in partnership with the Defense Information Systems Agency (DISA) and US Space Command, and that the objective is to improve how military operators across the Department of War access and manage satellite communications (SATCOM) resources worldwide.
According to Leidos, the JMT solves the problem of fragmentation. It noted that before this tool, military operators used manual and time-intensive processes spread across multiple commands and agencies to manage global SATCOM resources. Now, the JMT consolidates service requests and operational oversight into a single enterprise environment. For that reason, operators have real-time visibility into available satellite communications assets. Put simply, commanders in the field can now see what connectivity resources are available, request access, and act faster without being slowed down by administrative bottlenecks.
The company said it expects the JMT’s automated dashboard to cut command-level reporting and analysis time by up to 85%. This tool replaces a legacy DISA system that had been in use since 2004. Leidos said it only took one year to develop and deploy the replacement, and that it used commercial off-the-shelf telecommunications modules for the development.
Leidos Holdings, Inc. is a technology and engineering company. It provides digital modernization, cybersecurity, artificial intelligence, cloud computing, and defense technology solutions to government and commercial customers.
10. Zscaler, Inc. (NASDAQ:ZS)
Number of Hedge Fund Holders: 46
Stock Upside: 54.96%
Year-To-Date Performance: -44.05%
Zscaler, Inc. (NASDAQ:ZS) is one of the best tech stocks to invest in on the dip. On June 9, Zscaler, Inc. announced the next phase of Project AI-Guardian, expanding the initiative to include technology alliance partners. This builds on earlier collaborations with global system integrators, extending interoperability across the Zero Trust Exchange and Zscaler’s AI Protect portfolio.
The expansion addresses challenges enterprises face as they adopt generative AI and agentic workflows. Point products often lack shared context, leaving gaps in security. Zscaler’s approach emphasizes a unified AI security platform that integrates signals, identity context, and enforcement across partner technologies.
Through the Zero Trust Exchange, Zscaler’s AI services now include the AI Access Graph, which maps identity and data connections, alongside AI attack surface modeling and governance tools. Partners enrich these insights, enabling enforcement across multiple platforms in real time.
New partners include AWS, Google Cloud, OpenAI, Databricks, and Coforge, joining founding GSIs like Cognizant, EY, Infosys, and Wipro. EVP Dhawal Sharma highlighted that “securing AI is an ecosystem effort,” with the initiative designed to extend zero trust controls across enterprise AI interactions.
Zscaler, Inc. is a cloud security company that provides software platforms designed to secure users, applications, and data across distributed enterprise networks. The company offers cloud-native solutions based on its Zero Trust architecture that help organizations protect against cyber threats.
9. Cognizant Technology Solutions Corporation (NASDAQ:CTSH)
Number of Hedge Fund Holders: 50
Stock Upside: 34.11%
Year-To-Date Performance: -36.22%
Cognizant Technology Solutions Corporation (NASDAQ:CTSH) is one of the best tech stocks to invest in on the dip. On June 8, Citi analyst Bryan Keane maintained a Neutral rating on Cognizant Technology Solutions Corporation while raising the firm’s price target on the stock from $51 to $55. This call comes after months of consistent cuts, where Keane slashed the target from $86 to $68 in April 2026, then further to $58, and most recently to $51 in May.
Independently of the analyst action, on June 5, Cognizant launched its Sovereign Physical AI Platform-as-a-Service. The company described it as a new offering designed to move AI-powered autonomous systems out of pilot projects and into the core operational infrastructure of enterprises.
Cognizant said the platform is available immediately across eight industries. The company added that it timed the launch against a significant market opportunity, which refers to its own internal research that found that AI exposure in physical jobs has grown faster than anticipated. That is, AI penetration in transportation jumped from 6% to 25%, and in construction from 4% to 12%. These numbers, the company said, reinforce the business case for embedding AI directly into operational workflows.
Cognizant appointed Vijay Narayan as its new Global Head for Physical AI, which makes him the point person to lead the initiative.
Cognizant Technology Solutions Corporation is a global information technology services and consulting company. It helps businesses modernize their technology infrastructure, develop software, migrate to the cloud, and implement artificial intelligence solutions.
8. Fidelity National Information Services, Inc. (NYSE:FIS)
Number of Hedge Fund Holders: 58
Stock Upside: 42.57%
Year-To-Date Performance: -39.84%
Fidelity National Information Services, Inc. (NYSE:FIS) is one of the best tech stocks to invest in on the dip. On June 8, Fidelity National Information Services, Inc. announced a strategic alliance with Fuse to deliver a next-generation loan and lease origination platform. Fuse Finance is a US-based B2B fintech company that provides an AI-native, cloud-native loan origination system and account opening platform.
Fidelity said in a statement that the partnership targets legacy loan origination systems, which are slowing lenders down at exactly the moment speed matters most. These systems created heavy IT dependencies, and required vendor intervention for even basic policy changes. They also struggle to connect with the growing ecosystem of third-party data providers that modern credit strategies rely on, noted Fidelity.
Accordingly, the Fuse platform will allow lenders to update policies, pricing, and procedures on their own without hard-coding or waiting on a vendor. It also features an open API framework and a self-serve API builder to make integrations across dealer channels, data providers, and downstream servicing systems easy.
Fidelity said the partnership links Fuse’s origination layer directly to FIS Asset Finance and FIS AutoSuite. The result is a complete origination-to-servicing ecosystem. For dealers, this system will provide real-time application status visibility and self-service document submission. On their part, lenders will gain instant counteroffers and built-in automation that reduces manual underwriting touchpoints. So, Fidelity expects lower operating costs and improved decision consistency for the users.
Fidelity National Information Services, Inc. is a financial technology company. It provides banking, payments, capital markets, and merchant solutions to financial institutions and businesses worldwide.
7. Accenture plc (NYSE:ACN)
Number of Hedge Fund Holders: 64
Stock Upside: 40.66%
Year-To-Date Performance: -35.34%
Accenture plc (NYSE:ACN) is one of the best tech stocks to invest in on the dip. On June 8, JPMorgan analyst Tien Tsin Huang cut his price target on Accenture plc (NYSE:ACN) from $247 to $201, while holding on to an Overweight rating.
Huang said his firm decided to move its estimates away from the top end of Accenture’s third-quarter guidance to closer to the middle. This, he said, reflects weaker-than-expected results from industry peers and growing debate on Wall Street about AI tokenomics since Accenture last reported earnings on March 19.
Under the revised estimates, Huang now expects Accenture to exit fiscal year 2026 with fourth-quarter organic revenue growth of 2.5% in constant currency terms. The growth margin comes to 5% when including acquisitions. Still, this is a modest figure for a company of Accenture’s scale that used to command higher growth multiples, he noted.
The analyst also noted that Accenture’s stock had already fallen 12% since its last earnings release, even as the broader S&P 500 gained 12% over the same period. If anything, this underperformance shows just how much investor confidence in the company’s near-term growth story has eroded, noted Huang. He added that Accenture’s large deal bookings may cool off in the third quarter after a strong start to 2026, and that this would pile more pressure on an already cautious outlook.
Accenture plc (NYSE:ACN) is a global professional services and technology consulting company. It helps enterprises implement digital transformation, cloud computing, artificial intelligence, and enterprise software solutions at scale.
6. Adobe Inc. (NASDAQ:ADBE)
Number of Hedge Fund Holders: 86
Stock Upside: 30.32%
Year-To-Date Performance: -32.03%
Adobe Inc. (NASDAQ:ADBE) is one of the best tech stocks to invest in on the dip. On June 8, TD Cowen analyst Derrick Wood lowered his price target on Adobe Inc. from $310 to $285 while keeping a Hold rating on the stock.
Wood said the cut was supported by a set of mixed but largely concerning data points he gathered ahead of Adobe’s earnings release on June 11. The analyst noted that the most worrying data point is a steady deceleration in third-party credit card data, which managed just 1.5% year over year growth in the most recent quarter. The growth had come in at about 3%, 4.5%, 4%, and 6% in the four quarters before. Adobe uses third-party credit card data as a proxy for real-world spending on its products.
On top of that spending slowdown, Wood noted that checks with Adobe’s channel partners and consultants painted a softer picture for three of the company’s key products. To the analyst, the feedback indicates that pricing tailwinds, which had previously helped Adobe grow revenue by charging more for upgraded plans, are now fading.
The analyst also flagged that customers are buying very few AI credits, which Adobe has been counting on to monetize its AI features. What this means is that the company’s strategy of using AI as a new revenue stream has yet to gain meaningful traction with its user base, said Wood.
Adobe Inc. is a software company that provides digital media, digital experience, and creative productivity solutions. It operates primarily through Creative Cloud, Document Cloud, and Experience Cloud, through which it offers digital tools like Photoshop, Illustrator, and Acrobat.
5. Shopify Inc. (NASDAQ:SHOP)
Number of Hedge Fund Holders: 88
Stock Upside: 35.84%
Year-To-Date Performance: -31.40%
Shopify Inc. (NASDAQ:SHOP) is one of the best tech stocks to invest in on the dip. On June 2, Shopify Inc.’s Board of Directors authorized an additional $3 billion for the repurchase of its Class A subordinate voting shares. The move brings the company’s total buyback authorization to $5 billion.
As of June 1, the company had repurchased about $1.45 billion in shares under its current authorization. So, the $3 billion top-up refreshes and significantly enlarges the runway for continued buybacks. The original $2 billion share repurchase program was authorized in February and was announced alongside Shopify’s Q4 2025 earnings. In those earnings, the company reported full-year revenue of $11.6 billion, a 30% year over year growth, and $2 billion in free cash flow.
Separately, on May 25, Manus AI announced the launch of a native Shopify integration that will enable users to build, manage, and grow a Shopify store entirely through a conversational chat interface. Manus explained that all a user needs to do is describe their business idea in a single prompt, and it drafts the full storefront.
Beyond store creation, the integration allows users to drop a spreadsheet and product photos into the chat, and Manus will write product listings, match images to SKUs, and draft descriptions in the store’s brand voice. Manus can also query the store’s actual Shopify data to identify slow-moving products, flag top-performing collections, or surface repeat customer behavior. The platform can also generate marketing campaigns grounded in real store performance metrics.
Shopify Inc. is a commerce technology company. It provides a cloud-based platform enabling businesses to create, manage, and scale online and offline retail operations.
4. Palantir Technologies Inc. (NASDAQ:PLTR)
Number of Hedge Fund Holders: 96
Stock Upside: 51.43%
Year-To-Date Performance: -25.70%
Palantir Technologies Inc. (NASDAQ:PLTR) is one of the best tech stocks to invest in on the dip. On June 9, Reuters reported that the UK government has formally launched a comprehensive review of its £330 million ($441 million) NHS contract with Palantir Technologies Inc.. The report detailed that political pressure is mounting on ministers to invoke a break clause and exit the deal when its initial term expires in early 2027.
Palantir won the contract in 2023, and it was built around the company’s Federated Data Platform (FDP). FDP is a system designed to integrate fragmented NHS data across England to improve patient care coordination, hospital operations, and health planning.
Technology Minister Liz Kendall confirmed the review on Tuesday, telling Times Radio that the Health Secretary is examining every aspect of the contract to determine whether to extend it or terminate it outright at the 2027 break point, said Reuters. Reuters added that the trigger for the formal review was a 70-page report published on June 3 by the cross-party Science, Innovation and Technology Committee. The dossier urged ministers to exercise the break clause and walk away. It further described Palantir’s involvement in NHS infrastructure as an unacceptable point of weakness, pointing to the risks of over-reliance on a small number of US technology providers for critical public health data.
However, Palantir’s UK executive vice-chair Louis Mosley argued that calls to remove the company are driven by ideology rather than operational reality, said Reuters. Mosley warned that exiting the contract could harm patient care and disrupt some of the NHS’s most pressing digital transformation efforts.
Palantir Technologies Inc. is a software company that develops data analytics and artificial intelligence platforms for government agencies and commercial enterprises. The company’s flagship platforms include Foundry, Gotham, and Artificial Intelligence Platform (AIP), which help organizations integrate vast amounts of data, automate decision-making, and deploy AI-driven solutions.
3. Intuit Inc. (NASDAQ:INTU)
Number of Hedge Fund Holders: 92
Stock Upside: 65.8%
Year-To-Date Performance: -55.65%
Intuit Inc. (NASDAQ:INTU) is one of the best tech stocks to invest in on the dip. Intuit Inc. holds a Moderate Buy rating from 23 analysts, with an average 12‑month target of $471.36 (65.8% upside), ranging between $276.00 and $875.00.
However on June 2, Goldman Sachs analyst Gabriela Borges downgraded Intuit Inc. from Neutral to Sell and slashed the price target from $519 to $276.
Borges’s main concern is TurboTax, Intuit’s flagship product that contributes about 25% of its total revenue and operating income. The analyst believes the product faces an existential threat from a new generation of AI-powered tax-filing tools. Borges pointed to Prime Meridian, Perplexity Tax, and Chime Tax and said they are now graduating beyond viral buzz into credible, scalable products with proper go-to-market strategies. As such, they are a real threat to TurboTax’s market dominance going forward.
The analyst estimated that the AI models can process a standard individual tax return for just $0.12. In comparison, users pay up to $162 to TurboTax. This cost gap is so wide that AI-native competitors can profitably undercut TurboTax without needing heavy investor subsidies, Borges noted. His base-case projection for TurboTax alone assumes that if just 20% of US tax filers shift to AI-only solutions, TurboTax revenue could end up roughly 18% below FY2025 levels by 2030.
The analyst also flagged that Mailchimp was supposed to achieve double-digit growth by the end of FY2026, but instead posted a slight year over year decline in the most recent quarter. Mailchimp is Intuit’s email marketing and automation platform that contributes about 7% of revenue. Borges expects the revenue deceleration to continue as Intuit adjusts its cost structure to a lower-growth reality.
Intuit Inc. is a financial software company. It provides consumer and business solutions through products such as TurboTax, QuickBooks, Credit Karma, and Mailchimp.
2. Salesforce, Inc. (NYSE:CRM)
Number of Hedge Fund Holders: 101
Stock Upside: 37.72%
Year-To-Date Performance: -33.81%
Salesforce, Inc. (NYSE:CRM) is one of the best tech stocks to invest in on the dip. On June 2, Truist Securities analyst Terry Tillman maintained a Buy rating and $280 price target on Salesforce, Inc. after attending the company’s deep-dive product webinar on its Headless 360 architecture and Slack.
Based on what the analyst gathered, Headless 360 is Salesforce’s way of making its data, workflows, and AI agents accessible via any AI interface. It is a technical design that frees Salesforce’s capabilities from being locked inside its own platform, and which allows them to plug into the broader AI ecosystem that enterprises are increasingly building around.
Tillman said a key takeaway from the webinar was that customers who are adopting headless architectures are actually consuming more of the Salesforce platform. This is an important data point that addresses one of the central fears hanging over the stock, that AI tools would allow enterprises to route around Salesforce rather than deepen their reliance on it, Tillman noted.
The analyst highlighted that the presentation injects optimism at a time when the Salesforce stock is under immense pressure. At the time of the note, the shares were trading at $200.11, down roughly 36% over the prior year. He noted that the shares were weighed down by broader sector concerns about whether enterprise software companies can successfully monetize AI or whether AI will simply shrink their total addressable markets.
Salesforce, Inc. is a cloud-based customer relationship management software company. It helps businesses manage sales, customer service, marketing, and data analytics through its integrated platform.
1. ServiceNow, Inc. (NYSE:NOW)
Number of Hedge Fund Holders: 108
Stock Upside: 26.20%
Year-To-Date Performance: -30.17%
ServiceNow, Inc. (NYSE:NOW) is one of the best tech stocks to invest in on the dip. On May 28, ServiceNow, Inc. expanded its partnership with Wipro to deploy agentic AI workflows at scale across core enterprise functions. The move deepens a collaboration that the two companies first established in 2024.
For context, ServiceNow has been pushing what it calls the agentic enterprise, a model where AI autonomously initiates, orchestrates, and executes work across complex systems with minimal human intervention. According to the company, many organizations that want to adopt agentic enterprise face an execution gap, that is, AI investments sit in pilots and never reach the operational scale where they deliver measurable outcomes. Therefore, their coming together with Wipro is a strategy to position its AI platform as the governance and workflow backbone through which that gap gets closed.
The combined platform, which integrates Wipro’s unified suite of AI-powered enterprise solutions with the ServiceNow AI Platform, enables every AI-driven action organizations take to be traceable, accountable, and consistent with the enterprise’s governance rules. ServiceNow notes that this is the most important differentiator. According to Amit Zavery, ServiceNow’s President and CEO, their platform ensures that agentic AI runs inside governed workflows, which is fundamentally different from, and more trustworthy than, AI operating outside an enterprise’s control layer.
ServiceNow, Inc. is a software company. It provides cloud-based platforms for digital workflow automation, IT service management, customer service, and enterprise operations.
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