Why These 15 Tech Stocks Are up the Most So Far in 2025

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5. Xunlei Ltd (NASDAQ:XNET)

Number of Hedge Fund Holders In Q4 2024: 4

Xunlei Ltd (NASDAQ:XNET) is a leading technology company providing distributed cloud services in China with offerings spanning subscription services, cloud computing, and live-streaming.

The stock is up significantly so far in 2025 due to the announcement of Xunlei’s definitive agreement to acquire Shanghai Kuanghui Internet Technology Co., Ltd., the operator of Hupu, for RMB500 million.

This is a move that could improve Xunlei’s content ecosystem with premium sports content and a vibrant community. The acquisition is expected to be completed in the first half of 2025. Institutional investors have shown confidence in Xunlei, with 65.42% of total outstanding shares held by institutions such as Renaissance Technologies LLC, Dimensional Fund Advisors, and Morgan Stanley Investment Management.

Xunlei announced its fourth quarter and full year 2024 financial results, reporting total revenues of $84.3 million for Q4, up 9.3% year-over-year. The company saw particularly strong growth in its Live-streaming and other internet value-added services segment, which increased by 80.7% year-over-year to $27.2 million.

XNET stock is up 80.90% year-to-date.

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