On November 13, Ray Wang, Constellation Research chairman and AI Forum co-founder, appeared on CNBC’s ‘Squawk Box’ to discuss the state of the tech sector, old tech vs. new tech, and AI sector growth outlook. Recently, AI-related stocks experienced a slight pullback, while some older tech names were performing better, signifying a divergence in the tech sector. Wang denies the existence of an AI bubble, yet he highlights the massive scale of the current tech market, citing $380 billion in data center spending and the top 10 tech stocks holding a combined valuation of $25 trillion against a $30 trillion US economy. This high concentration appeared to contradict his anti-bubble stance. Wang addressed this contradiction by making a distinction between the old tech and new tech sides of the market. He explained that the staggering numbers seen in the public markets relate to old tech, whereas the highly inflated valuations of new tech companies are contained within the private markets.
The fundamental difference, according to Wang, is that these AI-native companies operate with superior efficiency. He provided illustrative examples of this efficiency, such as a company of 20 people generating $200 million in ARR, or one with 10 million people generating the same $200 million in ARR, demonstrating the vastly higher revenue per employee and profit per employee achieved through digital labor. Wang asserted that the old guard of companies will ultimately be forced to adopt the new metrics, particularly relating to the percentage of digital labor and growth rates. He emphasized that the new companies are growing at rates of 10x or 100x, which is why their future valuations will look dramatically different. Wang concluded that the current numbers, though already staggering, are just the beginning.
That being said, we’re here with a list of the 9 best new tech stocks to buy right now.
Our Methodology
We first sifted through the Finviz stock screener to compile a list of new tech stocks that went public in the last 2 years. We then selected the 9 stocks that were the most popular among elite hedge funds and that analysts were bullish on. The stocks are ranked in ascending order of the number of hedge funds that have stakes in them, as of Q3 2025.
Note: All data was sourced on December 4.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
9 Best New Tech Stocks to Buy Right Now
9. MNTN Inc. (NYSE:MNTN)
Number of Hedge Fund Holders: 16
MNTN Inc. (NYSE:MNTN) is one of the best new tech stocks to buy right now. On December 4, Canaccord analyst Matthew Weber initiated coverage of MNTN with a Buy rating and $20 price target. Weber believes that the company is capitalizing on the long-term growth trend in connected TV/CTV and is successfully gaining market share for solving a critical market need.
Earlier in its Q3 2025 earnings report, MNTN recorded a revenue of $70 million, which was a 31% year-over-year increase after adjusting for the divestiture of Maximum Effort. The company achieved its first GAAP profitable quarter in 4 years, reporting net income of $6.4 million and GAAP EPS of $0.09 per share. This growth was driven by strong customer adoption of its Performance TV platform, with Active PTV Customers reaching 3,316, representing a 67% year-over-year growth.
For Q4 revenue guidance, the company expects a range of $85.5 to $86.5 million, which represents 34% year-over-year growth at the midpoint. For the full-year 2025, revenue guidance is projected to be between $288.5 and $289.5 million, reflecting 35.5% year-over-year growth at the midpoint.
MNTN Inc. (NYSE:MNTN) operates a technology platform that brings performance marketing to Connected TV/CTV.
Hedge Fund Resource Center