9 Best Performing New Tech Stocks to Invest In

On October 7, Drew Pettit, Citi research director of US equity strategy, and Keith Lerner, Truist Wealth Co-CIO, appeared on CNBC’s ‘Closing Bell Overtime’ together. Keith Lerner stated that his firm has been overweight tech and communications for most of the year and remains so. He acknowledged that there may be some similarities to the late 90s, but pointed out several quantifiable differences. First, the overall tech sector is currently trading at a risky valuation of around 30x, which is lower than the 50x seen in the late 90s. Second, heading into the March 2000 peak, the market was up over 100% on a year-over-year basis, compared to the tech sector’s current year-over-year increase of about 28%. Third, he noted that earners’ momentum today is stronger than it was back then.

Lerner concluded that while the current infrastructure and spending suggest a potential move toward 90s dynamics, fundamentally and technically, we’re not there yet, and the bull market has longer to go. The host then asked Pettit also agreed with Lerner that the NASDAQ has strong earnings momentum and that his team is raising its infrastructure investment estimates for AI. However, to hedge that risk, he recommends pairing tech with some cyclical beta. Pettit stated that his firm would have exposure beyond just tech, but still maintains a bias toward tech and growth because he believes the market remains an AI-dominant bull market and that trend ultimately continues.

Although, on October 1, Dan Primack, business editor at Axios, appeared on CNBC’s ‘The Exchange’ to discuss how the government shutdown impacts IPOs. Primack suggested that the impending government shutdown would cause companies to put their plans on hold, leading to the floodgates opening again once the shutdown ends. He noted that about a dozen companies are currently on file to go public.

That being said, we’re here with a list of the 9 best performing new tech stocks to invest in.

9 Best Performing New Tech Stocks to Invest In

Our Methodology

We sifted through the Finviz stock screener to compile a list of companies that went public in the last 3 years (including spinoffs) and had a high 6-month performance of over 30%. We then narrowed down our selection to 9 stocks with the most hedge fund ownership. The stocks are ranked in ascending order of their year-to-date performance. We’ve also added the hedge fund sentiment for each stock, as of Q2 2025.

Note: All data was sourced on October 7.

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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).

9 Best Performing New Tech Stocks to Invest In

9. SailPoint Inc. (NASDAQ:SAIL)

Number of Hedge Fund Holders: 27

6-Month Performance as of October 7: 33.25%

SailPoint Inc. (NASDAQ:SAIL) is one of the best performing new tech stocks to invest in. On September 30, SailPoint announced a series of new enhancements to its SailPoint Identity Security Cloud platform, which is designed to extend visibility, control, and scale across all enterprise identities. The new capabilities focus on cloud identity security, non-employee risk management, machine identity security, and connectivity updates.

A core focus of the enhancement is to govern not just human identities (both employees and non-employees), but also the growing number of machine and agent identities, which often pose security gaps due to being undiscovered or under-governed by legacy tools. The SailPoint Identity Security Cloud is built to cover every identity type and combines precise lifecycle controls with intelligent automation to provide adaptive identity security.

For instance, SailPoint Non-Employee Risk Management is strengthened so that the extended workforce is governed with the same accuracy as employees. A new integration with Microsoft Entra Verified ID allows for using third-party verifiable credentials and biometric verification for faster onboarding for non-employees. For the rapidly multiplying number of machine identities, SailPoint Machine Identity Security is designed for enterprise scale, delivering clear discovery, classification, and ownership.

SailPoint Inc. (NASDAQ:SAIL) delivers solutions to enable identity security for the enterprise in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.

8. Oddity Tech Ltd. (NASDAQ:ODD)

Number of Hedge Fund Holders: 36

6-Month Performance as of October 7: 52.23%

Oddity Tech Ltd. (NASDAQ:ODD) is one of the best performing new tech stocks to invest in. On October 8, KeyBanc lowered the firm’s price target on Oddity to $80 from $90, while keeping an Overweight rating on the shares. This sentiment came ahead of the company’s Q3 2025 earnings report, as KeyBanc believes that the setup is mixed across the Healthcare Information Technology landscape.

Earlier in Q2, Oddity Tech generated a net revenue of $241 million, which marked a 25% year-over-year increase from $193 million in Q2 2024. Gross profit also rose by 25% to $174 million, which resulted in a gross margin of 72.3%, up by 0.01%. Net income for the quarter was $49 million, and adjusted net income was $57 million, which was a 12% rise.

Due to the momentum and high-visibility backlog of repeat orders, Oddity raised its financial outlook for the full year ending December 31, 2025. Net revenue is now projected to be between $799-$804 million, which implies a 23% to 24% annual growth. This is higher than the prior forecast of $790 to $798 million. Oddity’s growth is driven by double-digit online revenue growth in both Il Makiage and SpoiledChild, as well as the accelerating international expansion.

Oddity Tech Ltd. (NASDAQ:ODD) is a consumer tech company that builds digital-first brands for the beauty and wellness industries in the US and internationally.

7. CoreWeave Inc. (NASDAQ:CRWV)

Number of Hedge Fund Holders: 29

6-Month Performance as of October 7: 158.44%

CoreWeave Inc. (NASDAQ:CRWV) is one of the best performing new tech stocks to invest in. On October 1, Northland Securities analyst Nehal Chokshi reiterated a Buy rating on CoreWeave and set a price target of $165.00. The rating came ahead of CoreWeave’s Q3 2025 earnings report. As for Q2, the company marked a milestone by hitting both $1 billion in revenue and $200 million in adjusted operating income in the same quarter.

The contracted backlog totaled $30.1 billion, which represented an increase of $4 billion from Q1 and a doubling of the figure year-to-date. Despite the strong top-line growth, the company reported a net loss of $291 million for the quarter, though this was an improvement from the $323 million net loss reported in Q2 2024.

High operating expenses totaled $1.2 billion and contributed to this loss. Furthermore, interest expense increased to $267 million due to increased debt taken on to finance the scaling of infrastructure. CoreWeave is now expanding its AI infrastructure to meet the rising demand. The company is on track to deliver over 900 megawatts of active power by the end of the year.

CoreWeave Inc. (NASDAQ:CRWV) is a cloud platform that provides scaling, support, and acceleration for GenAI. The company builds the infrastructure that supports compute workloads for enterprises.

6. ZenaTech Inc. (NASDAQ:ZENA)

Number of Hedge Fund Holders: 1

6-Month Performance as of October 7: 182.84%

ZenaTech Inc. (NASDAQ:ZENA) is one of the best performing new tech stocks to invest in. On September 30, ZenaTech announced that it is developing a proprietary quantum computing hardware platform. The purpose of this platform is to power ZenaDrone’s AI drones for real-time, immense data applications and predictions.

The initial prototype is designed with a capacity of up to five qubits. It will serve as a foundation for scaling future systems that integrate directly with the company’s advanced AI drones. The platform is slated for application in defense projects and various commercial sectors.

Quantum computing is expected to transform defense by rapidly processing massive volumes of sensor and surveillance data. ZenaTech plans to apply this capability to its drone platforms under development to support the Department of War and NATO partner countries.

ZenaTech Inc. (NASDAQ:ZENA) is an enterprise software technology company that develops cloud-based software applications in Canada. The company specializes in AI drones, Drone as a Service/DaaS, Enterprise SaaS, and Quantum Computing solutions.

5. Pony AI Inc. (NASDAQ:PONY)

Number of Hedge Fund Holders: 19

6-Month Performance as of October 7: 230.38%

Pony AI Inc. (NASDAQ:PONY) is one of the best performing new tech stocks to invest in. On September 29, Citi analyst Jeff Chung initiated coverage of Pony AI with a Buy rating and $29 price target. This sentiment was posted as Citi believes that the robotaxi sector is at an inflection point. The firm is generally positive on the robotaxi market in China.

Pony AI reported significant revenue growth and strategic progress in its Q2 2025 financial results, with the total revenue for the quarter reaching $21.5 million, which was a 76% increase year-over-year. This was driven by multiple revenue streams: Robotaxi Service Revenue was $1.5 million, up 158%, with fare charging revenue specifically growing by over 300%. Additionally, Licensing & Application Revenue experienced a rise of 902%, and reached $10.4 million.

Despite the robust top-line growth, the company’s net loss widened. The reported net loss was $53.3 million, compared to $30.9 million in the same period last year. This was due to a 75% increase in total operating expenses, which amounted to $64.7 million. The company’s Robotruck services revenue also decreased by 10%.

Pony AI Inc. (NASDAQ:PONY), through its subsidiaries, engages in the autonomous mobility business in China, the US, and internationally.

4. Unusual Machines Inc. (NYSE:UMAC)

Number of Hedge Fund Holders: 4

6-Month Performance as of October 7: 239.49%

Unusual Machines Inc. (NYSE:UMAC) is one of the best performing new tech stocks to invest in. On September 30, Unusual Machines announced that the company secured a $12.8 million defense order from Strategic Logix. The order is for components that will supply Strategic Logix’s Rapid Reconfigurable Systems Line/RRSL.

The order reflects the growing demand for NDAA-compliant unmanned aerial vehicle/UAV solutions that can be deployed at scale. Unusual Machines serves as the primary supplier for the RRSL line, providing NDAA-compliant and BLUE UAS-listed components.

The order encompasses over 160,000 components manufactured by Unusual Machines, including ground control systems, the Aura Analog Camera, Aura VTX, Brave Flight Controller, and Brave ESC. The production and deliveries are scheduled to begin in Q4 2025.

Strategic Logix is a US-based defense innovation and procurement company that leads a coalition of more than 140 small businesses. It is focused on strengthening US defense manufacturing and delivering low-cost and high-impact solutions.

Unusual Machines Inc. (NYSE:UMAC) engages in the commercial drone industry. The company offers small drones and essential components.

3. Astera Labs Inc. (NASDAQ:ALAB)

Number of Hedge Fund Holders: 56

6-Month Performance as of October 7: 284.52%

Astera Labs Inc. (NASDAQ:ALAB) is one of the best performing new tech stocks to invest in. On October 3, BofA initiated coverage of Astera Labs with a Neutral rating and $230 price target. BofA believes that Astera Labs is positioned to benefit from the AI scaling market with its PCIe and UALink retimers and switches. But at the same time, the firm also acknowledges that some of the company’s growth is threatened by competition.

In Q2 2025, Astera Labs achieved record revenue of $191.9 million, which marked a 20% sequential increase and a 150% year-over-year increase. The quarter’s non-GAAP diluted EPS was $0.44, and the company generated a record $135.4 million in cash flow from operating activities, concluding the quarter with $1.07 billion in cash and equivalents.

A key contributor to the quarter’s success was the ramp into volume production of the Scorpio P-Series switches, supporting PCIe 6 scale-out applications for customized rack-scale AI systems. The company views itself as well-positioned to capitalize on the AI Infrastructure 2.0 transition, which is projected to add a $5 billion market opportunity by 2030. For Q3, Astera Labs forecasts revenue to be between $203 and $210 million, which is a sequential increase of 6% to 9%.

Astera Labs Inc. (NASDAQ:ALAB) designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure.

2. Health In Tech Inc. (NASDAQ:HIT)

Number of Hedge Fund Holders: 2

6-Month Performance as of October 7: 539.52%

Health In Tech Inc. (NASDAQ:HIT) is one of the best performing new tech stocks to invest in. On September 30, Health In Tech and AlphaTON Capital Corp. (NASDAQ:ATON) signed a non-binding strategic Letter of Intent/LOI.

This LOI is meant to jointly develop HITChain, which is a blockchain-enabled healthcare insurance claims processing platform to be built on The Open Network/TON. The collaboration uses Health In Tech’s insurance expertise with AlphaTON’s blockchain infrastructure and security protocols to establish an immutable, transparent, and efficient claims ecosystem.

HITChain is designed to address issues within US healthcare claims processing, such as inefficiency, fraud, and opacity. Through a more streamlined system, the platform will reduce administrative costs and improve trust among stakeholders.

Health In Tech Inc. (NASDAQ:HIT) is an insurance technology platform company. It also provides a health intelligence/HI card to streamline the management of medical records and claims.

AlphaTON Capital Corp. (NASDAQ:ATON) is a clinical-stage immune-oncology company that researches and develops pharmaceutical and biotechnology products.

1. SuperX AI Technology Limited (NASDAQ:SUPX)

Number of Hedge Fund Holders: 2

6-Month Performance as of October 7: 620.29%

SuperX AI Technology Limited (NASDAQ:SUPX) is one of the best performing new tech stocks to invest in. On October 3, Super X AI Technology announced the launch of its new flagship product, the SuperX XN9160-B300 AI Server. This server is powered by NVIDIA’s Blackwell GPU (B300) and is designed to meet the demand for scalable, high-performance computing across AI training, ML, and HPC workloads.

The XN9160-B300 server is housed in an 8U chassis and is engineered for extreme performance. It features 8 NVIDIA Blackwell B300 GPUs within an NVIDIA HGX B300 module, supported by Dual Intel Xeon 6 Processors. A crucial capability is its massive memory pool: 2,304 GB of unified HBM3E memory is delivered across the 8 GPUs (288 GB per GPU), which is essential for managing the expansive Key/Value caches required by high-concurrency, long-context GenAI and LLMs.

The system uses the B300 Ultra’s superior FP4/NVFP4 precision and second-generation Transformer Engine to achieve monumental performance. According to NVIDIA, Blackwell Ultra delivers a decisive leap over the standard Blackwell by adding 50% more NVFP4 compute and 50% more HBM capacity per chip. Scaling is enabled by eight 800 Gb/s OSFP ports for InfiniBand or dual 400 Gb/s Ethernet, which allows for high-speed, low-latency connection of servers into vast AI Factories and SuperPOD clusters.

SuperX AI Technology Limited (NASDAQ:SUPX), through its subsidiary, OPS Interior Design Consultant Limited, provides interior design, fit-out, and maintenance services to residential & commercial clients in the interior design market in Hong Kong.

While we acknowledge the potential of SUPX 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 SUPX and that has 100x upside potential, check out our report about this cheapest AI stock.

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