5 Best Stocks for Beginners with Little Money According to Reddit

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In this article, we discuss 5 best stocks for beginners with little money according to Reddit. If you want to read our detailed analysis of the growing trend of retail investors and the overall stock market, go directly to read 10 Best Stocks for Beginners with Little Money According to Reddit

5. Chindata Group Holdings Limited (NASDAQ:CD)

Number of Hedge Fund Holders: 22
Share price as of September 13: $8.32

Chindata Group Holdings Limited (NASDAQ:CD) is a Chinese data center solution provider. The company specializes in the development, operation, and management of high-performance data centers. It is one of the best cheap beginner stocks on our list with a share price of $8.32, as of September 13.

CD gained the attention of the Reddit community after it posted a 60% year-over-year growth in its quarterly revenue in the first quarter of 2023. The community sees this as a company that understands the needs of the tech industry, operates using renewable energy, and can easily expand as needed.

At the end of June 2023, 22 hedge funds in Insider Monkey’s database owned investments in Chindata Group Holdings Limited (NASDAQ:CD), growing from 20 in the previous quarter. The collective value of these stakes is over $186 million.

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