On July 3, the Global Head of Tech Research at Wedbush, Dan Ives, joined CNBC to suggest that he expects a multi-year tech rally. Ives stated that he believes they are only at the beginning of a golden age for tech. Certain areas within technology currently exhibit elevated valuations, which has led some to draw comparisons to frothy times in recent market history. Ives countered this by calling such comparisons apples to oranges, and argued that the current AI trend is the biggest tech trend that the market has seen in the last 4 to 5 decades. He believes that focusing solely on valuations would have caused investors to miss every transformational tech stock over the past 2 decades. He advised looking at growth prospects over the next 3 to 5 years and asserted that tech is undervalued relative to its potential.
He attributed this disconnect to bears who cannot fully grasp the impact of AI in their spreadsheets, which explains his firm’s strong bullish stance across software, cybersecurity, and the broader tech ecosystem. Ives also mentioned where he expects the real outperformance within his tech coverage universe. He believes that while the MAG7 stocks could see a 20% increase in the second half of this year, the true outperformance would be in software and cybersecurity. He stated that this is where the AI revolution’s use cases will play out that farthest.
A techie working at a server station in a telecommunications building.
Methodology
We sifted through the Finviz stock screener to compile a list of the top tech stocks that went public in the last 2 years. We then selected the 16 stocks with an upside potential of over 25% as of July 10. The stocks are ranked in ascending order of their upside potential. We have also added the hedge fund sentiment for each stock, as of Q1 2025, which was sourced from Insider Monkey’s database.
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).
16 Best New Tech Stocks With Huge Upside Potential
16. Ingram Micro Holding Corporation (NYSE:INGM)
Number of Hedge Fund Holders: 13
Average Upside Potential as of July 10: 18.20%
Ingram Micro Holding Corporation (NYSE:INGM) is one of the best new tech stocks with huge upside potential. On July 5, Ingram Micro Holding reported that the company experienced a significant cybersecurity incident over the July 4th holiday weekend in 2025.
The company initially detected ransomware on certain internal systems, which prompted immediate action to secure the environment, such as proactively taking some systems offline and implementing other mitigation measures.
Ingram launched an investigation with cybersecurity experts and notified law enforcement. The cyberattack was attributed to the SafePay ransomware group and reportedly began a day prior, on July 3. The company confirmed on July 8 that the incident was contained and remediated, and by late July 9, Ingram Micro had restored operations globally.
Ingram Micro Holding Corporation (NYSE:INGM) distributes IT products, cloud, and other services in North America, Europe, the Middle East, Africa, the Asia-Pacific, Latin America, and internationally.
15. OneStream Inc. (NASDAQ: OS)
Number of Hedge Fund Holders: 22
Average Upside Potential as of July 10: 20.16%
OneStream Inc. (NASDAQ:OS) is one of the best new tech stocks with huge upside potential. Earlier in May, OneStream unveiled a series of enhancements at its Splash 2025 user conference. The new offerings include Productivity Tools, a certified Power BI Connector integration with Microsoft Fabric, and the release of Version 9 of the OneStream Platform.
The OneStream Productivity Tools consist of Allocations, which is a user-friendly and no-coding solution to enable finance professionals to easily build and manage allocation models. Another tool would be Analytic Drill-Down, which is a dynamic interface that allows front-line users to drill into multiple dimensions for real-time variance analysis. Then there’s Admin Assist, which is a collection of 35+ reports and utilities that streamline security, metadata, and performance management.
OneStream also expanded its data integration capabilities with the Power BI Connector for Microsoft Fabric. The new integration allows users to natively combine and analyze OneStream data with other enterprise sources within Microsoft Fabric. This fosters new insights across the business by using an end-to-end, intelligent solution widely adopted by finance leaders. Additionally, Version 9 of the OneStream Platform reached general availability.
OneStream Inc. (NASDAQ:OS) delivers a unified, AI-enabled, and extensible software platform in the US and internationally.
