Reddit Stock Portfolio: 10 Most Popular Tech Stocks To Consider

Published January 17, 2022 at 11:18 am EST Updated September 7, 2026 at 1:55 pm EDT

In this article, we discuss the 10 most popular tech stocks to consider on Reddit.

Reddit has become an important internet platform for the finance world in the past year or so as it plays host to millions of retail traders, a market force that has captured Wall Street interest since the GameStop and AMC Entertainment short squeeze saga in early 2021. In summer last year, the platform raised $700 million at a funding round, lifting the valuation by around 67% to more than $10 billion. In February 2021, Reddit had been valued at $6 billion, up nearly 100% from the valuation it had received in early 2020.

From 2021 to 2022: Retail Trading Trends

Since retail traders invested close to $1 trillion in equities last year, per conservative estimates, this has resulted in a market shift towards growth offerings and led to soaring valuations in the tech sector. Hedge funds have actively started keeping tabs on famous Reddit groups like WallStreetBets, PennyStocks, and FinancialIndependence to keep abreast with latest retail investor trends.

Some of the most popular tech stocks on Reddit presently include NVIDIA Corporation (NASDAQ:NVDA), Coinbase Global, Inc. (NASDAQ:COIN), and CrowdStrike Holdings, Inc. (NASDAQ:CRWD), among others discussed in detail below. Analysts expect retail investor interest in the market to slow down in 2022 as inflation fears lead to a mass exodus from growth towards value. The waning of the pandemic, one of the primary factors behind the retail stock trading boom, is also likely to play a role in this regard.

Photo by Adam Nowakowski on Unsplash

Our Methodology

The companies that are popular on Reddit and operate in the tech sector were selected for the list through a careful assessment of business fundamentals and analyst ratings to provide readers with some context for their investment choices.

Reddit Stock Portfolio: Most Popular Tech Stocks To Consider

10. Boxlight Corporation (NASDAQ:BOXL)

Number of Hedge Fund Holders: 4

HC Wainwright analyst Scott Buck recently initiated coverage of Boxlight Corporation (NASDAQ:BOXL) stock with a Buy rating and a price target of $4, underlining that revenue growth and margin expansion of Boxlight Corporation in the coming months would expand operating leverage and profitability. The analyst noted that Boxlight Corporation was also improving scale, providing a full suite of education technology solutions that reduced educator fatigue.

Boxlight Corporation has attracted major hedge fund interest in recent months as well. Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Renaissance Technologies is a leading shareholder in Boxlight Corporation with 980,700 shares worth more than $2.2 million.

Just like NVIDIA Corporation, Coinbase Global, Inc., and CrowdStrike Holdings, Inc., Boxlight Corporation is one of the stocks that is attracting the interest of institutional investors.

9. GAN Limited (NASDAQ:GAN)

Number of Hedge Fund Holders: 16

GAN Limited (NASDAQ: GAN) provides iGaming and sports betting software to gambling firms. In the wake of the pandemic, these firms have increasingly turned their attention to the digitization of business, often turning towards GAN Limited for their needs. The record online sports betting volumes during the Super Bowl are one indicator of the shift in the industry. GAN Limited has steadily grown since the May 2020 IPO, recently reporting a 300% year-on-year increase in quarterly revenue.

The performance of GAN Limited in the past few months has turned heads in the hedge fund industry too. At the end of the third quarter of 2021, 16 hedge funds in the database of Insider Monkey held stakes worth $55 million in GAN Limited, up from 15 the preceding quarter worth $76 million.

In its Q4 2020 investor letter, Symmetry Invest, an asset management firm, highlighted a few stocks and GAN Limited was one of them. Here is what the fund said:

“We have been following GAN for a long time while it was a small AIM-listed stock. The company had gained a strong market position in New Jersey when the state opened up the market for online casinos in 2014, and also exhibited solid growth and a compelling market position in Italy. But at the same time, it was loss-making, had to constantly raise new capital and the growth was not “overwhelming”. We still spent time familiarizing ourselves with the company, as we could see that their market position in the US could become a strength in due time. The first crucial news came in mid-2018 when the PASPA rule was removed, and all states in the US were free to self-regulate sports betting and casino. This presented itself a clear opportunity for GAN, but as they still did not have a sports betting product, we bided our time. When Pennsylvania, in 2019, also allowed sports betting and casino, and we saw how Fanduel/Betfair started to gain a strong market position building on GAN’s platform, we initiated a purchase. At the time the stock was still only increasing slightly, and the financials were still not good (it takes time for leading KPIs to affect the numbers). We continued to buy in light of willingness from more states to open up, and GAN signing on more and more customers. In May 2020, GAN chose to substitute the small AIM exchange for Nasdaq in the US. As reported revenue began to rise +100% YoY and margins followed, the stock reacted strongly. The stock thus ended up rising 1.000% from mid-2018 to mid-2020. Even during 2019, one could still buy the stock for 3-8 USD (the stock was listed in the UK and in pence at the time). Today it is traded for approximately 20 USD.

GAN is therefore a great example of how you can follow a company for a long time, do your analysis, and be ready to buy in when the business model is facing the crucial inflection point.”

8. Robinhood Markets, Inc. (NASDAQ:HOOD)

Number of Hedge Fund Holders: 20

Robinhood Markets, Inc. (NASDAQ:HOOD) has truly revolutionized personal finance by pioneering commission-free trades that have made the stock market more accessible to a younger generation of investors. Reddit users, who fall under this category, have been piling into Robinhood Markets, Inc. since it debuted on the market in summer last year. However, data breaches and a decline in quarter-over-quarter funded accounts have hit the progress of Robinhood Markets, Inc. in recent weeks.

Even though there is short-term pessimism around Robinhood Markets, Inc., the long-term outlook on the company remains bullish, as indicated by hedge fund interest.

At the end of the third quarter of 2021, 20 hedge funds in the database of Insider Monkey held stakes worth $4.6 billion in Robinhood Markets, Inc..

Reddit investors are piling into new stocks like Robinhood, in addition to buying established names like NVIDIA Corporation, Coinbase Global, Inc., and CrowdStrike Holdings, Inc..

7. Upstart Holdings, Inc. (NASDAQ:UPST)

Number of Hedge Fund Holders: 23

Upstart Holdings, Inc. (NASDAQ:UPST) owns and operates a lending platform that uses artificial intelligence. The company recently announced that it would be partnering with the AgFed Credit Union in Washington to expand personal lending services in the area. The latter has been a partner of Upstart Holdings, Inc. since September last year and uses the Upstart Referral Network for qualified loan application processing. The network refers creditworthy borrowers to the Union.

Upstart Holdings, Inc. is also steadily climbing the hedge fund ladder. Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Third Point is a leading shareholder in Upstart Holdings, Inc. with 12.4 million shares worth more than $3.9 billion.

In its Q2 2021 investor letter, Vulcan Value Partners, an asset management firm, highlighted a few stocks and Upstart Holdings, Inc. was one of them. Here is what the fund said:

“During the quarter, we purchased Upstart Holdings Inc. Upstart Holdings, Inc. is an artificial intelligence (AI) and cloud-based lending platform. The company uses AI models to underwrite superior loans with lower interest rates, lower default rates, higher approval rates, and increased underwriting automation. Consumers can access Upstart-powered loans through its banking partners’ websites; however, most of its loans are underwritten on Upstart.com. Upstart has a fee-based revenue model and retains only a small portion of the loans, while the majority of the loans end up on the balance sheets of its partner banks or are sold into the capital markets. We believe Upstart Holdings, Inc.’s technology is superior to the FICO score, which is ubiquitous within the consumer credit markets. With an excellent product and a large total addressable market, we believe that Upstart Holdings, Inc.’s prospects are bright.”

6. DraftKings Inc. (NASDAQ:DKNG)

Number of Hedge Fund Holders: 28

DraftKings Inc. (NASDAQ:DKNG) is a digital sports entertainment and gaming firm. Craig-Hallum analyst Ryan Sigdahl recently maintained a Buy rating on DraftKings Inc. stock with a price target of $51. In a bullish investor note, the analyst underlined that the valuation of DraftKings Inc. seemed justified given the “scarcity” of names in the sector to play megatrends in online sports betting. The analyst also backed DraftKings Inc. to improve margins ahead of long-term targets.

The positive analyst sentiment around DraftKings Inc. is reflected in hedge fund numbers as well. At the end of the third quarter of 2021, 28 hedge funds in the database of Insider Monkey held stakes worth $1.3 billion in DraftKings Inc., up from 26 the preceding quarter worth $927 million.

Along with NVIDIA Corporation, Coinbase Global, Inc., and CrowdStrike Holdings, Inc., DraftKings Inc. is one of the stocks on the radar of growth investors.

In its Q2 2021 investor letter, Alger, an asset management firm, highlighted a few stocks and DraftKings Inc. was one of them. Here is what the fund said:

“DraftKings is an online gaming operator. Its legacy Daily Fantasy Sports (DFS) allows users to virtually draft teams of players from professional sports leagues and potentially earn a payout based on how athletes perform. DraftKings Online Sports Betting (OSB) involves the company taking wagers or bets from customers on sporting events. The company’s third offering, Online Casino (iGaming), involves customers betting real money when playing casino games like slots and blackjack online.

DFS is legal in most states, while approximately 25% of the country’s population has access to OSB and approximately 10% has access to iGaming. Within a year, we expect approximately 40% or more of the population to have access to OSB as legalization moves rapidly.

The company reported a strong quarter, with revenues exceeding expectations by more than 30%. We think the stock underperformed due to the time period between the conclusion of March Madness and the start of the NFL season being a weaker betting period and concerns about more intense competition. Concerns around tough comps have also hindered performance of DraftKings shares. We note that monthly state data continues to be robust, showing no signs of slowing from reopening. We also believe DraftKings is increasing its potential to gain market share by moving its tech-platform to SBTech, which is a sports betting platform the company acquired as part of a SPAC deal. Legalization of sports betting by states has also been robust.”

5. Palantir Technologies Inc. (NYSE:PLTR)

Number of Hedge Fund Holders: 35

Palantir Technologies Inc. (NYSE:PLTR), which operates as an application software firm for the defense industry, has recently announced two partnerships that will help it gain further mainstream recognition as a pure software play. In early December, Palantir Technologies Inc. revealed that it was partnering with German firm Merck to work on a data analytics platform to manage the chip shortage. The platform, dubbed Athinia, will use artificial intelligence to streamline supply chain operations.

Palantir Technologies Inc. also recently teamed up with Hyundai Heavy Industries to develop a big data platform for the core business of the latter. The two firms have also agreed to commercialize new big data solutions. Hedge funds seem exceedingly bullish on Palantir Technologies Inc.. At the end of the third quarter of 2021, 35 hedge funds in the database of Insider Monkey held stakes worth $1.6 billion in Palantir Technologies Inc., up from 26 in the preceding quarter worth $1.3 billion.

In its Q4 2020 investor letter, Guardian Fund, an asset management firm, highlighted a few stocks and Palantir Technologies Inc. was one of them. Here is what the fund said:

“In October, we bought a stake in Palantir. Earlier, in June, our concentrated Tech Fund, which has a mandate to also buy shares in the secondary market, bought shares of Palantir from insiders, before the direct listing. At the price we bought, the equity had much more upside than downside. Palantir is operating a software platform that functions as the digital infrastructure for data-driven operations and decision making. The software helps to structure and capture context in data of large corporations. Governments are increasingly realizing that they have to deal with serious data challenges and cyber risk. As most governments cannot attract the most talented software engineers, they need private enterprises such as Palantir to help them build solid infrastructure. Foundry, Palantir’s software for enterprises, is used by companiesto make safer cars and airplanes or to accelerate cancer research. The speed to bring new clients on board is improving and revenues will grow faster than expenses. Palantir has a long runway of growth ahead.”

4. Coinbase Global, Inc. (NASDAQ:COIN)

Number of Hedge Fund Holders: 50

Bank of America analyst Jason Kupferberg recently upgraded Coinbase Global, Inc. stock to Buy from Neutral with a price target of $340, citing “increasing” signs of revenue diversification beyond retail crypto trading as one of the primary reasons behind the upgrade. The analyst further noted that the subscription and services revenue of Coinbase Global, Inc. seemed to be growing as well, an indicator of the accelerated trends away from retail coin trading.

Coinbase Global, Inc. has been on the radar of major hedge funds ever since it debuted on the market last year. Among the hedge funds being tracked by Insider Monkey, New York-based firm ARK Investment Management is a leading shareholder in Coinbase Global, Inc. with 6.9 million shares worth more than $1.5 billion.

In its Q3 2021 investor letter, Hayden Capital, an asset management firm, highlighted a few stocks and Coinbase Global, Inc. was one of them. Here is what the fund said:

“Coinbase (COIN): We established a new position in Coinbase, the dominant US crypto exchange and brokerage, this quarter. Given the misperceptions and early-stage nature of the industry, I thought it would be helpful for our partners’ understanding to share a report outlining our thesis, which we published on October 31st.

At a high level, we believe the crypto economy is in the middle of “crossing the chasm” into mainstream adoption & use cases, which will result in millions of mainstream users needing to transact in crypto in some form.

Coinbase is well positioned in the Western, regulated markets to capture this influx – considering their dominant market share / mindshare, their focus on the casual user and thus superior userexperience compared to alternatives, and their position as a “toll-booth” for this industry. Longer-term, we also believe Coinbase has “super-app” ambitions, and will be the primary gateway for both the general population and institutions to interact with the crypto economy…” (Click here to see the full text)

3. Advanced Micro Devices, Inc. (NASDAQ:AMD)

Number of Hedge Fund Holders: 65

Advanced Micro Devices, Inc. (NASDAQ:AMD) makes and sells GPUs, CPUs, and server chips, all products that cater to different consumers in the computer markets. GPU prices have skyrocketed in the past few months because of a chip shortage. In the fourth quarter results due in a couple of weeks, analysts expect Advanced Micro Devices, Inc. to report an increase in shipments and average selling price for this segment, which comprises a significant portion of overall revenue for Advanced Micro Devices, Inc..

Advanced Micro Devices, Inc. has been one of the best-performing stocks of the year and hedge funds have duly noted this performance. Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in Advanced Micro Devices, Inc. with 19.6 million shares worth more than $2 billion.

In its Q4 2020 investor letter, Artisan Partners Limited Partnership, an asset management firm, highlighted a few stocks and Advanced Micro Devices, Inc. was one of them. Here is what the fund said:

“We also exited our positions in Advanced Micro Devices. Our investment campaign in Advanced Micro Devices (AMD) began in the second half of 2018, and we have seen a new management team reinvigorate the company’s product portfolio of microprocessors for PCs and servers, graphics processors, and video game consoles. These new, higher-margin products have helped the company partially close its margin gap with peers and capture share from market leader Intel. While we believe there is meaningful runway for further share gains and margin expansion, AMD has appreciated far beyond our mid-cap market cap mandate, and we exited our position.”

2. CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Number of Hedge Fund Holders: 74

Canaccord analyst Michael Walkley recently reiterated a Buy rating on CrowdStrike Holdings, Inc. stock with a price target of $330, noting that the recent pullback in share price of the firm had created a compelling entry point for “long-term oriented” investors. The analyst also lauded CrowdStrike Holdings, Inc. as a foundational name in the cybersecurity business, backing the firm to perform well in 2022 given the “defensible technology moat and accelerating platform uptake”.

The bullish analyst sentiment around CrowdStrike Holdings, Inc. is reflected in hedge fund data too. Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Tiger Global Management LLC is a leading shareholder in CrowdStrike Holdings, Inc. with 7.5 million shares worth more than $1.8 billion.

In its Q1 2021 investor letter, Carillon Tower Advisers, an asset management firm, highlighted a few stocks and CrowdStrike Holdings, Inc. was one of them. Here is what the fund said:

“CrowdStrike provides cloud-based software used in the security of computers, servers, and mobile phones. The stock pulled back a bit during the quarter as investor sentiment shifted away from stocks with higher valuation multiples. We remain shareholders, as the protection of enterprise assets and cloud workloads from various forms of cyberattacks remains more important than ever for many enterprises, and we believe this will continue to result in a strong demand environment for CrowdStrike’s innovative products and services.”

1. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 83

NVIDIA Corporation has witnessed increased hedge fund activity since supply chain issues created a chip shortage and led to a dramatic increase in prices. At the end of the third quarter of 2021, 83 hedge funds in the database of Insider Monkey held stakes worth $10 billion in NVIDIA Corporation, compared to 86 the preceding quarter worth $9 billion.

Even as analysts predict that chip shortages will last well into 2022, there are several other reasons to invest in NVIDIA Corporation as well. The company is expanding the suite of products it presently offers in the metaverse and artificial intelligence domains, two high-growth sectors that are expected to witness over $1 trillion in investment over the next few years.

In its Q1 2021 investor letter, Vulcan Value Partners, an asset management firm, highlighted a few stocks and NVIDIA Corporation was one of them. Here is what the fund said:

“NVIDIA Corp. is the dominant supplier of Graphics Processing Units (GPUs) worldwide. NVIDIA’s GPUs are at the intersection of a number of important computing trends including the movement to the Cloud, artificial intelligence, autonomous vehicles, edge computing, gaming, and more. We previously owned NVIDIA and sold it in the third quarter of 2020 as the price to value gap closed and our margin of safety was reduced. As with all our MVP companies, we continued to follow NVIDIA closely. Since that time, NVIDIA reported excellent results and its value has compounded rapidly. The technology selloff at the beginning of the year negatively affected the stock price while our estimate of NVIDIA’s value per share increased. This happy combination of events created a margin of safety and an opportunity to once again add NVIDIA to the portfolio.”

You can also take a peek at 10 Best Healthcare Dividend Stocks to Buy Now and 10 Dividend Stocks with Over 20 Years of Dividend Increases.

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