14 Best New Tech Stocks To Buy Now

6. Kyndryl Holdings Inc. (NYSE:KD)

Market Capitalization as of September 13: $5.29 billion

Number of Hedge Fund Holders: 36

Kyndryl Holdings Inc. (NYSE:KD) is an American multinational information technology infrastructure services provider, created from the spin-off of IBM’s infrastructure services business in 2021. It offers a wide range of services, including infrastructure management, application services, cloud migration, and cybersecurity.

The company, with strong infrastructure services established under IBM GTS, aims to return to revenue growth earlier than expected. It anticipates positive revenue growth in Q4 2025, driven by optimism about AI adoption.

As of FQ1 2025, the revenue was $3.74 billion, which recorded a 10.83% year-over-year decline. The earnings per share were $0.13. The decline in revenue was primarily driven by the intentional exit from negative and low-margin revenue streams within ongoing customer relationships.

Kyndryl Bridge delivers over 110 million automation monthly, yielding nearly $3 billion in annual productivity benefits. Kyndryl Consult, which accounts for 17% of the revenue and is a $2.5 billion revenue stream, is growing by double digits.

Kyndryl Consult revenues grew 14% year-over-year. Kyndryl Consult signings grew even faster, up 49%. Total signings grew 14% year-over-year in the fiscal first quarter of 2025.

Kyndryl Holdings Inc. (NYSE:KD) is using GenAI technologies to enhance business outcomes for customers in travel, healthcare, and manufacturing. The recent partnership with NVIDIA will further accelerate AI adoption. 36 hedge funds are long in the company right now, with the largest stake at $116,706,398, held by Greenlight Capital.

The company is positioned for strong growth with its Kyndryl Bridge and Kyndryl Consult platforms. Expertise in AI, cloud migration, and cybersecurity enhances customer outcomes, while partnerships with hyper scalers like SAP and NVIDIA open new opportunities, making this a top new stock.

Greenlight Capital stated the following regarding Kyndryl Holdings, Inc. (NYSE:KD) in its Q2 2024 investor letter:

“In addition to gold, we had four material winners in our long portfolio this quarter. Kyndryl Holdings, Inc. (NYSE:KD) rose from $21.76 to $26.31. The company had another good report, with results and guidance exceeding expectations on all key metrics. KD also pulled forward its target to achieve constant currency revenue growth, now starting in the fourth quarter of the current fiscal year.”