In this article, we will list the 5 Tech Stocks to Sell According to Billionaires. Please visit 10 Tech Stocks to Sell According to Billionaires if you’d like to see an extended list and the methodology behind it.
5. Pony AI Inc. (NASDAQ:PONY)
QoQ Decline in Billionaire Holdings: 60.09%
Pony AI Inc. (NASDAQ:PONY) features on the list of tech stocks to sell according to billionaires, with billionaire holdings falling from about $238.68 million in Q4 2025 to $95.25 million in Q1 2026, a drop of roughly $143.43 million.
Not every billionaire has been selling, though.
On June 8, 2026, Cathie Wood added to ARK’s position in Pony AI Inc. (NASDAQ:PONY), buying 45,949 shares worth roughly $396,080 as the firm keeps building exposure to self-driving companies.
Even so, on May 27, 2026, Macquarie analyst Eugene Hsiao lowered his price target on Pony AI Inc. (NASDAQ:PONY) to $24 from $25 while keeping an “Outperform” rating, saying first-quarter revenue beat Macquarie’s estimate and Bloomberg consensus by roughly 60% on 400% robotaxi revenue growth and strong domain controller sales. Macquarie raised its 2026 fleet forecast but lowered the price target due to higher operating expenses.
Separately, Reuters reported on May 26, 2026, that Pony AI Inc. (NASDAQ:PONY) has not been affected by China’s safety review of autonomous driving, which followed a robotaxi outage involving Baidu’s Apollo Go in Wuhan.
CEO James Peng said the business has not been impacted and that Pony AI Inc. (NASDAQ:PONY) is pushing ahead with expansion into more cities. The company also raised its year-end robotaxi fleet target to 3,500 vehicles, from 1,700 currently and an earlier goal of 3,000, and now expects full-year robotaxi revenue to exceed 3.5 times 2025 levels, up from 3 times previously. Net loss widened to $53.5 million in the quarter from $37.4 million a year earlier.
Pony AI Inc. (NASDAQ:PONY) develops full-stack autonomous driving technology and artificial intelligence systems for vehicles. They are a global leader in operating commercial robotaxis and robotrucks, as well as in providing self-driving software/hardware solutions to major automakers and mobility networks.
4. Infosys Limited (NYSE:INFY)
QoQ Decline in Billionaire Holdings: 63.58%
Infosys Limited (NYSE:INFY) is among the tech stocks to sell according to billionaires. Billionaire stake decreased significantly from approximately $1.03 billion in Q4 2025 to $375.30 million in Q1 2026, a reduction of about $655.12 million.
Yet that selling pressure has come even as Infosys Limited (NYSE:INFY) continues to secure new business.
On June 16, 2026, Infosys Limited (NYSE:INFY) announced a long-term collaboration with Valmet, a technology provider serving the process industries. Under the deal, Infosys will modernize Valmet’s core IT services and deliver end-to-end IT transformation aimed at improving operational efficiency and aligning IT operations with business priorities.
The partnership centers on Valmet’s “Lead the Way” strategy. Infosys Limited (NYSE:INFY) plans to apply its industry expertise to cut operational costs, optimize existing resources, and support proactive management of Valmet’s enterprise-wide IT operations, while building what the companies described as a more resilient IT foundation.
To carry out the work, Infosys Limited (NYSE:INFY) will use Infosys Topaz Fabric, its agentic services suite, to add intelligence across IT operations with what the company calls a “human-in-the-loop” approach for governance and accuracy. Infosys will also tap Infosys Cobalt, its cloud platform, to build scalable and secure cloud foundations as part of the modernization push.
Arto Huuskonen, VP IT Transformation at Valmet, said the collaboration would help the company build a resilient, future-ready digital foundation and accelerate its transformation journey. Jasmeet Singh, EVP and Global Head of Manufacturing at Infosys Limited (NYSE:INFY), said the partnership aims to accelerate innovation and create scalable impact aligned with Valmet’s long-term goals.
Infosys Limited (NYSE:INFY) is a global technology services and consulting company that helps businesses digitally transform their operations. It provides a wide range of services, including custom software development, artificial intelligence (AI) solutions, cloud computing, and IT outsourcing.
3. Pagaya Technologies Ltd. (NASDAQ:PGY)
QoQ Decline in Billionaire Holdings: 64.93%
Pagaya Technologies Ltd. (NASDAQ:PGY) features on the list of tech stocks to sell according to billionaires, with billionaire holdings declining from around $177.95 million in Q4 2025 to $62.40 million in Q1 2026, a decrease of about $115.55 million.
That selloff has not stopped Pagaya Technologies Ltd. (NASDAQ:PGY) from posting wins on both the analyst and capital markets fronts.
On June 15, 2026, Pagaya Technologies Ltd. (NASDAQ:PGY) announced the closing of an upsized $800 million AAA-rated personal loan ABS transaction, named PAID 2026-4. The deal drew 39 unique investors and brought Pagaya’s year-to-date personal loan ABS issuance to nearly $4 billion, marking the company’s third upsized personal loan ABS transaction this year.
The transaction also pushed Pagaya Technologies Ltd. (NASDAQ:PGY)’s total issuance since 2018 to $40 billion across 91 ABS deals, backed by more than 165 institutional investors spanning its personal loan, auto, and point-of-sale programs. Collateral for this latest deal included personal loans from new network partners Upstart and Achieve.
Sahil Chandiramani, Head of Capital Markets at Pagaya Technologies Ltd. (NASDAQ:PGY), said the upsizing of the company’s last two PAID transactions reflected the strength of its funding platform and the confidence institutional investors continue to place in its underwriting and asset performance. He added that the transaction expands Pagaya’s capacity to support existing and new lending partners as they grow.
That update followed news on June 10, 2026, when Texas Capital initiated coverage of Pagaya Technologies Ltd. (NASDAQ:PGY) with a “Buy” rating and a $27 price target. The firm described the company as an AI technology-enabled provider of consumer credit underwriting and capital markets solutions, and said its services business model should produce a better risk and reward profile for investors and rating agency stakeholders, calling the stock attractive at current levels.
Pagaya Technologies Ltd. (NASDAQ:PGY) is a fintech company that uses AI to help lenders approve and manage consumer credit.
2. NICE Ltd. (NASDAQ:NICE)
QoQ Decline in Billionaire Holdings: 65.15%
NICE Ltd. (NASDAQ:NICE) is among the tech stocks to sell according to billionaires. Billionaire stake fell from roughly $116.45 million in Q4 2025 to $40.58 million in Q1 2026, a drop of about $75.87 million.
That pullback came alongside a more cautious analyst view following a closer look at NICE Ltd. (NASDAQ:NICE)’s strategy.
On June 10, 2026, Wedbush lowered its price target on NICE Ltd. (NASDAQ:NICE) to $100 from $120 while keeping a “Neutral” rating on the shares. The call followed the firm’s attendance at NICE’s 2026 Investor Day at Nice World, where management outlined the company’s shift from a seat-based CCaaS provider toward an orchestrated CX-AI platform, with the recently acquired Cognigy now natively integrated into CXone.
CEO Scott Russell told investors the market opportunity is expanding rather than zero-sum, pointing to expanding personal and enterprise AI agents that are driving up interaction volumes, along with an on-premise customer base that has yet to migrate.
Wedbush said it came away more constructive on the platform vision and the AI monetization data presented at the event. Even so, the firm cited a persistent gap between that narrative and NICE Ltd. (NASDAQ:NICE)’s mid-single-digit reported revenue growth rates as the reason it remains on the sidelines.
Wedbush added that many questions still remain about growth and the AI challenges ahead, which it said warrant a lower multiple.
NICE Ltd. (NASDAQ:NICE) offers enterprise software solutions in the areas of financial crime compliance and customer engagement. The company leverages artificial intelligence (AI) to enhance the global customer experience, compliance, and operations.
1. Snap Inc. (NYSE:SNAP)
QoQ Decline in Billionaire Holdings: 77.57%
Snap Inc. (NYSE:SNAP) features on the list of tech stocks to sell according to billionaires. Billionaire stake dropped from approximately $840.62 million in Q4 2025 to $188.56 million in Q1 2026, marking a decline of about $652.05 million.
Even with that sharp decline, Snap Inc. (NYSE:SNAP)’s latest product launch is drawing a notably split reaction on Wall Street.
On June 16, 2026, Snap Inc. (NYSE:SNAP) debuted its Specs augmented reality glasses for both developers and consumers, priced at $2,195 per pair.
Following the launch, Rosenblatt kept a “Neutral” rating on Snap Inc. (NYSE:SNAP) with a $6.40 price target in a note on June 17, 2026, saying it opens up a debate, since Snap’s co-founders believe the AR glasses will represent the next big wave of computing against what the analyst called a reasonably skeptical stance.
Rosenblatt said Specs may or may not work as a business, adding that expectations are low and that, at a minimum, there could be patent value.
B. Riley took a more upbeat view in a note on June 17, 2026, calling the Specs launch a positive medium-term development. The firm said the wearable-focused, developer-enabled platform could expand use cases across consumer and enterprise categories, though it noted the high initial pricing may limit early adoption. It said iterative improvements and potential cost reductions over time could drive broader traction, calling Specs a potentially transformative product that complements Snap Inc. (NYSE:SNAP)’s core social platform and strengthens its position in next-generation human-computer interaction. B. Riley has a “Buy” rating and a $10 price target on the shares.
Snap Inc. (NYSE:SNAP) is an American technology and social media company that develops and maintains technological products and services. The company’s core products include Snapchat, Lens Studio, and Spectacles.
While we acknowledge the potential of SNAP to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SNAP and that has 100x upside potential, check out our report about the cheapest AI stock.
READ NEXT: 9 Most Undervalued Silver Mining Stocks to Buy Now and 10 Best Coal Stocks to Invest In According to Hedge Funds.
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.
Hedge Fund Resource Center