5 Best Technology Penny Stocks to Buy

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In this piece, we will take a look at the five best technology penny stocks to buy. If you want to take a deeper look at the technology industry and the latest developments, then head on over to 10 Best Technology Penny Stocks to Buy.

5. VNET Group, Inc. (NASDAQ:VNET)

Number of Q1 2023 Hedge Fund Investors: 25

VNET Group, Inc. (NASDAQ:VNET) is a Chinese firm headquartered in Beijing, China. It provides hosting facilities for data centers, servers, networking equipment, and other infrastructure. The firm’s first quarter results mirrored China’s sluggish economic recovery, as it posted a 9.7% annual revenue growth.

As of this year’s first quarter, 25 out of the 943 hedge funds part of Insider Monkey’s database had held a stake in VNET Group, Inc. (NASDAQ:VNET). The firm’s largest hedge fund shareholder is Seth Fischer’s Oasis Management with a $11 million investment.

Follow 21Vianet Group Inc. (NASDAQ:VNET)

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