In this article, we will discuss the 14 Tech Stocks to Sell Now According to Ken Fisher.
On September 4, 2025, global markets were mostly higher as cooling U.S. labor data and dovish Federal Reserve comments pointed to a possible rate cut this month. As such, Wall Street indexes climbed alongside European equities, while Chinese bourses fell overnight as Beijing wanted to cool off the stock rally, particularly the tech sector, resulting in a 6% decline in the tech-heavy STAR 50 index, its steepest drop since April. While optimism exists in the broader market, cracks are showing in the fastest-growing tech companies. Salesforce tumbled nearly 5% after experiencing challenges in the monetization of its AI products. Similarly, Nvidia and other tech giants also failed to impress investors.
Amid this tech backdrop, it’s important to discuss Ken Fisher, son of growth-investing pioneer Philip Fisher, who is known for his emphasis on price-to-sales multiples as a measure of value. The investment strategist believes that sales are a much more reliable indicator of business strength than volatile earnings. Particularly, for the tech stocks, he treats spending on research like a commodity, preferring stocks with stronger fundamentals in relation to market cap.
With this background in mind, we will move to our list of the 14 Tech Stocks to Sell Now According to Ken Fisher.
Ken Fisher of Fisher Asset Management
Our Methodology
To curate our list of the 14 Tech Stocks to Sell Now According to Ken Fisher, we used Ken Fisher’s Fisher Asset Management portfolio for Q2 2025 to extract a list of technology stocks where he reduced his stake by at least 30% or more. Finally, we ranked these stocks in ascending order of the percentage of the stake sold. We also considered the hedge fund sentiment surrounding these stocks using Insider Monkey’s hedge fund database, which tracks over 1,000 hedge funds, as of Q2 2025.
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).
14. SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)
Percentage of stake sold by Fisher Asset Management in Q2 2025: 43%
Fisher Asset Management’s Q2 Stake Value: $7,924,542
Number of Hedge Fund Holders: 43
SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) is one of the 14 Tech Stocks to Sell Now According to Ken Fisher.
On September 2, 2025, SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) acquired Curo Fund Services, a South African fund administration leader, which manages over $170.4 billion in assets.
Under the deal, which is yet to be approved by the South African Competition Commission, around 300 Curo employees will join SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in Cape Town. The fund already leverages SSNC’s fund accounting and asset servicing technologies and will operate independently within SS&C’s Global Investor & Distribution Solutions group.
SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) expects this move to enhance innovation, service delivery, and growth across South Africa and the African continent, while ensuring continuity for Curo’s existing clients.
SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) serves over 22,000 organizations globally by providing software and services for the financial services and healthcare industries.
13. Advanced Micro Devices, Inc. (NASDAQ:AMD)
Percentage of stake sold by Fisher Asset Management in Q2 2025: 44%
Fisher Asset Management’s Q2 Stake Value: $108,579,873
Number of Hedge Fund Holders: 113
Advanced Micro Devices, Inc. (NASDAQ:AMD) is included in our list of the 14 Tech Stocks to Sell Now According to Ken Fisher.
Bank of America reported on September 3, 2025, that Advanced Micro Devices, Inc. (NASDAQ:AMD), despite being an outperformer in the sector, has become the most under-owned U.S. semiconductor stock among active managers. Active ownership fell to 20% in August from 23% in May and 39% a year earlier.
Meanwhile, Advanced Micro Devices, Inc. (NASDAQ:AMD)’s relative weighting has gone down by 80% year-over-year compared to the S&P 500. This is in line with consensus forecasts, which project 22% sales growth and AMD’s continued gains over the Philadelphia Semiconductor Index. At the same time, the investment firm reiterated its ‘Buy’ rating on AMD, thanks to strong tailwinds from rising artificial intelligence adoption and the company’s sustained market share gains against Intel.
Advanced Micro Devices, Inc. (NASDAQ:AMD) focuses on designing and developing semiconductors, offering CPUs, GPUs, AI accelerators, and embedded solutions. It serves data centers, client computing, gaming, and specialized applications globally.
12. Salesforce, Inc. (NYSE:CRM)
Percentage of stake sold by Fisher Asset Management in Q2 2025: 48%
Fisher Asset Management’s Q2 Stake Value: $1,152,671,630
Number of Hedge Fund Holders: 121
Salesforce, Inc. (NYSE:CRM) is one of the 14 Tech Stocks to Sell Now According to Ken Fisher.
On August 29, 2025, Salesforce, Inc. (NYSE:CRM) Chair and CEO Marc Benioff sold shares worth $564,422 at prices ranging from $253.67 to $257.19. At the same time, Benioff exercised options to acquire 2,250 shares at $161.50, valued at $363,375.
However, Benioff remains highly invested in Salesforce, Inc. (NYSE:CRM), owning over 11.9 million shares and indirectly controlling over 10 million through the Marc Benioff Fund LLC and additional trust holdings. At the same time, the company continues to reinforce investor confidence in its long-term growth trajectory with robust fundamentals.
Salesforce, Inc. (NYSE:CRM) helps businesses globally to connect with customers, analyze data, and streamline operations across industries through its customer relationship management (CRM) and AI-powered enterprise software solutions. It is one of the stocks to sell.
