Why These 15 Software Stocks Are Skyrocketing So Far in 2025

Page 8 of 14

7. Tuya Inc (NYSE:TUYA)

Number of Hedge Fund Holders In Q3 2024: 14

Tuya Inc (NYSE:TUYA) is a cloud IoT platform for smart devices.

The stock is up significantly as it integrated DeepSeek’s LLM capabilities into its cloud developer platform. In Q3 it posted 33.6% sales growth to $81.6 million. Analysts are optimistic about its Q4 2024 results scheduled for February 26, 2025.

Moreover, it integrated  Google’s Device and Structure APIs into its platform.

TUYA stock is up 66.48% year-to-date.

Page 8 of 14