In this article, we will list the 5 Best Tech Stocks to Invest In on the Dip. Please visit 12 Best Tech Stocks to Invest In on the Dip if you would like to see the extended list and the methodology behind it.

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 (NASDAQ:SHOP) 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. (NASDAQ:SHOP) 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. (NASDAQ:PLTR). 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. (NASDAQ:PLTR) 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. (NASDAQ:INTU) 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. (NASDAQ:INTU) 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. (NASDAQ:INTU) 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. (NYSE:CRM) 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. (NYSE:CRM) 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. (NYSE:NOW) 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. (NYSE:NOW) is a software company. It provides cloud-based platforms for digital workflow automation, IT service management, customer service, and enterprise operations.

READ NEXT: 8 Best Defensive Stocks to Buy Amid Geopolitical Tensions and 10 Best Forever Stocks to Buy According to Analysts.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email below.