10 Best Tech Stocks To Buy Right Now Under $10

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1. Wipro Ltd. (NYSE:WIT)

Number of Hedge Fund Holders: 46

Share Price as of September 10: $6.21

Wipro Ltd. (NYSE:WIT) is one of the six leading Indian Big Tech companies and provides information technology, consulting and business process services. Services include application development, digital transformation, cloud computing, cybersecurity, and business process outsourcing, helping businesses improve their operations, reduce costs, and enhance customer experience.

The overall revenue for FQ1 2025 was $2.63 billion, reflecting a year-over-year decline of 5.76%. Americas 2 had a sequential drop of 0.7%, and Europe and APMEA declined 1.4% and 4.2% respectively.

However, Americas 1 delivered a sequential growth of 0.4% in quarter one, which is important to recognize because it had a good year in the fiscal full-year 2024 with the health and technology sectors leading the way.

In the first quarter of 2025, the company secured 10 deals worth over $1 billion. One deal was with a US communication services provider for a 5-year contract to provide managed services. Another deal was with a US automotive manufacturer to streamline their global infrastructure services. It also launched iAspire, an AI-powered career development platform, to help its employees grow and progress (225,000+ employees are trained, and 30,000 have received advanced AI training).

The company is focusing on strengthening relationships with major clients and partners. Its collaborating with technology providers to develop new solutions. Even in a challenging market, the revenue from the top 10 accounts grew by 1.3% sequentially and 3.8% year-over-year for Wipro Ltd. (NYSE:WIT). This shows how well-positioned the company is for growth.

46 hedge funds have a total of 5,622,699 shares in the company. The largest stakeholder is Millennium Management, with a position of $34,298,464.

While we acknowledge the growth potential of Wipro Ltd. (NYSE:WIT), our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: $30 Trillion Opportunity: 15 Best Humanoid Robot Stocks to Buy According to Morgan Stanley and Jim Cramer Says NVIDIA ‘Has Become A Wasteland’.

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