5 Hot Tech Stocks To Buy Now

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In this article, we discuss the 5 hot tech stocks to buy now. If you want to read about some more hot tech stocks to buy now, go directly to 10 Hot Tech Stocks To Buy Now.

5. Palantir Technologies Inc. (NYSE:PLTR)

Number of Hedge Fund Holders: 35    

YTD Perf: 21.81%

3 Month Avg Volume: 32.9M

Palantir Technologies, Inc. (NYSE:UNH) builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. On January 26, pharmaceutical drug distributor Cardinal Health announced a partnership with software firm Palantir Technologies to provide a data-driven supply chain solution for drugs.

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Renaissance Technologies is a leading shareholder in Palantir Technologies, Inc. (NYSE:UNH) with 33 million shares worth more than $269.3 million. 

In its Q4 2021 investor letter, Tao Value, an asset management firm, highlighted a few stocks and Palantir Technologies, Inc. (NYSE:UNH) was one of them. Here is what the fund said:

“We have no new position this quarter and have made below changes to our portfolio. We also sold Palantir (PLTR) as I identified it subject to high retail bubble risk (using above method) and are not part of our core “Mindful Compounder” holdings.”

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