Most tech stocks haven’t been doing well so far this year, but this isn’t a problem that all tech stocks face. The technology sector is broad, and there are always some stocks that still do well regardless of the broader market environment.
Many of these companies are leading the way in artificial intelligence, cloud computing, and cybersecurity. Their ability to adapt and launch new solutions has set them apart from the pack. For example, firms that reported robust growth in large customer contracts or unveiled breakthrough AI tools have seen their shares surge, even as industry giants have struggled with market volatility.
It’s worth looking into these winners if you’re looking for opportunities in this market.
A technician is connecting fiber optic cabling into a plug-and-play cassette module.
Methodology
For this article, I screened the best-performing tech stocks year-to-date.
I will also mention the number of hedge fund investors in these stocks. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
15. Nayax Ltd (NASDAQ:NYAX)
Number of Hedge Fund Holders In Q4 2024: 3
Nayax Ltd (NASDAQ:NYAX) is a global commerce payments and loyalty platform designed to help merchants scale their business.
The stock is up significantly so far in 2025 due to its impressive financial performance announced on March 4, 2025, where it reported full-year 2024 revenue of $314 million with recurring revenue growth of 47% year-over-year.
Nayax also provided bullish 2025 guidance with projected revenue of $410-425 million and adjusted EBITDA of $65-70 million due to strong confidence in continued growth. The company’s free cash flow reached $18 million for the year, showing improved operational efficiency.
Another major catalyst for the stock’s rise was the successful completion of a Notes and Warrants offering to classified investors in Israel. On March 7, 2025, Nayax announced it had accepted investor commitments totaling approximately $137.5 million in gross proceeds. These funds will be used for general corporate purposes, including debt repayment and potential acquisitions. It will give Nayax significant financial flexibility for future growth.
Plus, Nayax settled an investigation with the Israeli Competition Authority on February 3, 2025. That’s regarding its 2022 acquisition of On Track Innovations. The settlement involved a payment of approximately $701,000 to the State Treasury and removed regulatory uncertainty.
The consensus price target of $34.75 implies 6.9% downside.
NYAX stock is up 27.97% year-to-date.
14. SolarWinds Corp (NYSE:SWI)
Number of Hedge Fund Holders In Q4 2024: 21
SolarWinds Corp (NYSE:SWI) is a provider of simple, powerful, secure observability and IT management software for hybrid and multi-cloud environments.
The stock is up significantly so far in 2025 due to the announcement that the company will be acquired by private equity firm Turn/River Capital in an all-cash transaction valued at $4.4 billion. The deal offers shareholders $18.50 per share, which implies a 35% premium over the average closing price of SolarWinds stock during the previous 90 trading days. This acquisition was unanimously approved by SolarWinds’ board of directors and is expected to close in the second quarter of 2025.
While awaiting the completion of the acquisition, SolarWinds has continued to enhance its business operations. The company unveiled improvements to its Partner Program on February 4, 2025. It focuses on three key areas: increasing partner profitability, enhancing partner capabilities, and providing partners with the tools needed to succeed. SolarWinds also announced on April 8, 2025, that it would participate in the GITEX 2025 global events to showcase its latest product innovations.
Once the transaction is finalized, SolarWinds will transition to a privately held company, and its stock will no longer be traded on the New York Stock Exchange.
The consensus price target of $18 implies 2.65% downside.
SWI stock is up 29.75% year-to-date.
13. SatixFy Communications Ltd (NYSEAMERICAN:SATX)
Number of Hedge Fund Holders In Q4 2024: 2
SatixFy Communications Ltd (NYSEAMERICAN:SATX) is a leader in next-generation satellite communication systems based on in-house-developed chipsets.
The stock is up significantly so far in 2025 due to the announcement that MDA Space will acquire all outstanding shares of SatixFy in an all-cash transaction for $2.10 per share. This implies an equity value of approximately $193 million and came on the same day SatixFy announced strong full-year 2024 results showing 92% growth in revenue year-over-year to $20.6 million. The acquisition news caused SatixFy’s stock to surge by 65.83% in a single trading day.
Before the acquisition announcement, SatixFy had already been gaining momentum through significant business developments. The company secured approximately $2.3 million from the UK Space Agency for software development for digital satellite payloads. SatixFy also signed a milestone $39 million contract with Telesat to develop Landing Station Baseband Units for Telesat’s Lightspeed Network and secured over $10 million in new agreements with MDA Space for engineering models and space-grade chips.
The acquisition by MDA Space will bring to MDA a differentiated technology portfolio, including more than 60 patents issued and pending. It also includes SatixFy’s talented technical employee base of approximately 165 people globally who specialize in satellite communication technology.
The consensus price target of $2.25 implies 11.9% upside.
SATX stock is up 31.37% year-to-date.
12. Aeva Technologies Inc (NASDAQ:AEVA)
Number of Hedge Fund Holders In Q4 2024: 11
Aeva Technologies Inc (NASDAQ:AEVA) is a leader in next-generation sensing and perception systems that develops 4D LiDAR technology for autonomous vehicles, industrial robotics, and other applications.
The stock is up significantly so far in 2025 after securing a major development program award from a global top 10 passenger OEM for their next-generation production platform planned for multiple vehicle model lines. According to their March 2025 fourth quarter and full year 2024 results announcement, CEO Soroush Salehian said that 2025 would be a year of record revenues with significant growth while reducing spending.
Morgan Stanley boosted investor confidence by raising Aeva’s price target to $5.22 from $4.87 in March 2025. The analyst recognized Aeva’s product execution and highlighted a second major OEM win that showed the company’s potential to become a significant market player. The stock received additional positive attention when Aeva announced in January 2025 its transfer from the NYSE to the Nasdaq Global Select Market effective January 28, 2025.
The consensus price target of $7.14 implies 13.4% upside.
AEVA stock is up 32.53% year-to-date.
11. Sportradar Group AG (NASDAQ:SRAD)
Number of Hedge Fund Holders In Q4 2024: 31
Sportradar Group AG (NASDAQ:SRAD) is a leading global sports technology company that creates immersive experiences for sports fans and bettors by providing sports federations, news media, consumer platforms, and sports betting operators with solutions at the intersection of sports, media, and betting industries.
The stock is up significantly so far in 2025 due to the company’s Investor Day held in New York City on April 1, 2025. During this event, CEO Carsten Koerl, CFO Craig Felenstein, and senior business leaders presented the business strategy, growth drivers, and financial outlook to institutional investors and analysts. This transparency about the company’s future plans likely contributed to positive stock movement.
The consensus price target of $26.9 implies 17% upside.
SRAD stock is up 32.70% year-to-date.
10. WNS (Holdings) Ltd (NYSE:WNS)
Number of Hedge Fund Holders In Q4 2024: 19
WNS (Holdings) Ltd (NYSE:WNS) is a digital-led business transformation and services company that combines deep domain expertise with talent, technology, and AI to co-create innovative solutions for over 600 clients across various industries.
The stock is up significantly so far in 2025, fueled by favorable investor sentiment and reports of a potential lucrative merger in the business process management sector. This significant single-day increase coincided with the release of the company’s fiscal 2025 third quarter results, which showed revenue of $333.0 million. This implies a 2.1% increase compared to the same quarter last year and a 3.2% rise from the previous quarter.
Jefferies contributed to the positive outlook by maintaining a Buy rating on WNS, though they did revise their price target down to $55. The investment firm’s continued confidence despite the target adjustment helped maintain market enthusiasm. Barrington Analysts further boosted the stock by including WNS among their top stock picks for 2025.
The consensus price target of $62.3 implies 2.5% downside.
WNS stock is up 34.50% year-to-date.
9. PagSeguro Digital Ltd (NYSE:PAGS)
Number of Hedge Fund Holders In Q4 2024: 36
PagSeguro Digital Ltd (NYSE:PAGS) is a fintech company focused primarily on consumers, individual entrepreneurs, micro-merchants, small companies, and medium-sized companies in Brazil.
The stock is up significantly so far in 2025 due to solid Q3 2024 performance with a 37% increase in Total Payment Volume, 20% revenue growth, and 30% net income rise. The company has expanded its client base significantly, adding over 2 million new clients in the past year, with its Micro, Small, and Medium Businesses segment seeing a 28% year-over-year increase in TPV.
Citi upgraded it from Neutral to Buy with a price target increase from $7.00 to $10.00. That’s a 22% upside potential. Adjusted 12-month forward-looking GAAP net income estimates have been raised to R$2.4 billion for 2025 and R$2.7 billion for 2026. This implies an increase of 10% and 14% respectively.
The consensus price target of $11.6 implies 37% upside.
PAGS stock is up 35.30% year-to-date.
8. StoneCo Ltd (NASDAQ:STNE)
Number of Hedge Fund Holders In Q4 2024: 24
StoneCo Ltd (NASDAQ:STNE) is a leading provider of financial technology and software solutions that empower merchants to conduct commerce seamlessly across multiple channels and help them grow their businesses.
The stock is up significantly so far in 2025 as it released stellar Q4 2024 results in March, which significantly exceeded forecasts and led to a 14.93% single-day stock surge on March 19.
StoneCo reported net income growth of 41% year-over-year. It also has a strong 14% compounded annual growth rate in revenue and a 92% CAGR in EPS.
CEO Pedro Zinner announced strategic initiatives to enhance balance sheet efficiency and reduce capital costs throughout 2025, fostering positive investor sentiment despite his cautionary outlook about higher long-term interest rates potentially affecting economic activity. The company further boosted investor confidence by announcing a new share repurchase program of up to 2 billion Brazilian reals late last year.
The consensus price target of $14.5 implies 20% upside.
STNE stock is up 51.32% year-to-date.
7. Yalla Group Ltd (NYSE:YALA)
Number of Hedge Fund Holders In Q4 2024: 6
Yalla Group Ltd (NYSE:YALA) is a prominent online social networking and gaming company based in the Middle East and North Africa region, operating two primary mobile applications: Yalla, a voice-centric group chat platform, and Yalla Ludo, a casual gaming application.
The stock is up significantly so far in 2025 as it has tagged 2025 as its “Year of the Game,” aiming to take its business to the next level by building on its strong foundation in the region’s gaming sector. This initiative comes after Yalla successfully built a base of mostly casual gamers and social app users that crossed the 40 million threshold in the third quarter of 2024.
Yalla is strengthening its competitive position by developing a pipeline of mid- and hardcore games while partnering with local organizations across the region to stage live tournaments. These efforts are designed to boost its brand among serious gamers and expand beyond its casual gaming roots. Despite the strong stock performance, some analysts note that Yalla Group is being held back by insufficient growth, with earnings projected to decrease by 13%.
YALA stock is up 58.62% year-to-date.
6. Digital Turbine Inc (NASDAQ:APPS)
Number of Hedge Fund Holders In Q4 2024: 12
Digital Turbine Inc (NASDAQ:APPS) is a mobile growth platform offering pre-installed app services and content monetization solutions for device manufacturers and mobile carriers.
The stock is up significantly so far in 2025 as Strategic alliances with leading mobile brands like Motorola, Nokia, ONE Store, Xiaomi, Telecom Italia Brazil, T-Mobile US, and TIM have extended Digital Turbine’s global footprint across various regions and device ecosystems. On January 23, 2025, the company announced a new partnership with TIM to enhance mobile user experience in Brazil. This followed their October 2024 expanded partnership with ONE Store to globalize alternative app growth.
The company reported Q3 fiscal 2025 financial results on February 5, 2025, with revenue totaling $134.6 million. This implies a 13% increase quarter-over-quarter. Their App Growth Platform continues to benefit from increased spending from leading advertising agencies and brand advertisers. The quarterly report showed Non-GAAP adjusted EBITDA of $22.0 million, up 44% quarter-over-quarter but down 13% year-over-year.
The consensus price target of $2.38 implies 18.66% downside.
APPS stock is up 72.78% year-to-date.
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.
4. Alpha Technology Group Ltd (NASDAQ:ATGL)
Number of Hedge Fund Holders In Q4 2024: 1
Alpha Technology Group Ltd (NASDAQ:ATGL) is a Hong Kong-based AI company that focuses on AI-related technologies with ERP systems to provide AI-driven automation processes for customers.
The stock is up significantly so far in 2025, mostly due to DeepSeek. ATGL’s AI solution architecture uses large language models as its engine to provide intelligent process reconstruction through its self-developed AI optical character recognition system. The company has successfully won AI service contracts with three of the four major families in Hong Kong and has become their AI transformation partner. ATGL’s integration of open-source models like DeepSeek-R1 has significantly impacted its cost structure and competitive advantage.
A major development occurred on March 27, 2025, when ATGL partnered with The Hong Kong University of Science and Technology to establish the “AlphaMind Lab,” an AI research institute focused on developing the revolutionary “Alpha Engine.” This initiative aims to overcome traditional AI development bottlenecks related to data quality and manual annotation. The primary goal is to drastically reduce the time required to develop a dedicated AI model from the traditional 6-9 months to just 3 days through a “training AI with AI” autonomous learning architecture.
ATGL stock is up 84.14% year-to-date.
3. Netclass Technology Inc (NASDAQ:NTCL)
Number of Hedge Fund Holders In Q4 2024: N/A
Netclass Technology Inc (NASDAQ:NTCL) is a B2B smart education IT solutions provider with offices in Shanghai, Hong Kong, and Singapore. It had its IPO recently.
The most significant catalyst for the stock’s surge in 2025 was the March 10 announcement of acquiring a 51% stake in Tokyo-based CreateSolutions Co., Ltd. This strategic acquisition expanded NetClass’s operational footprint into Japan, diversified its customer base, and strengthened its software development capabilities, aligning with its long-term Asian expansion strategy. The market responded with a sharp rally, as investors saw this move as a major step toward accelerating revenue growth and product innovation.
Plus, NTCL announced that underwriters had fully exercised their over-allotment option to purchase an additional 270,000 Class A ordinary shares at $5.00 each, generating additional gross proceeds of $1.35 million. This brought the total IPO proceeds to $10.35 million.
NTCL stock is up 92.31% year-to-date.
2. OneConnect Financial Technology Co Ltd (NYSE:OCFT)
Number of Hedge Fund Holders In Q4 2024: 2
OneConnect Financial Technology Co Ltd (NYSE:OCFT) is a leading technology-as-a-service provider for financial institutions in China.
The most impactful news in 2025 was the receipt of a privatization proposal in early March, which caused the stock to jump over 21% in a single day and contributed to a 70% gain in the past three months. Trading in OCFT shares was also temporarily halted on the Hong Kong Stock Exchange following the privatization news, adding to the volatility.
Earlier in April, the company completed the sale of its Ping An OneConnect Bank (Hong Kong) unit to Lufax Holding for HK$933 million, resulting in an estimated gain of RMB 262 million and streamlining its business to focus on core technology offerings.
OCFT stock is up 150.62% year-to-date.
1. MicroAlgo Inc (NASDAQ:MLGO)
Number of Hedge Fund Holders In Q4 2024: 1
MicroAlgo Inc (NASDAQ:MLGO) is a company focused on quantum computing technology.
The most dramatic catalyst for MLGO’s stock surge in 2025 was the announcement in late March that the company would issue new shares at $0.8 each to settle a $20 million convertible bond agreement. This triggered a 321% spike in the stock, with trading volume exceeding 246 million shares.
Shortly after, WiMi Hologram Cloud increased its control over MicroAlgo to nearly 68% and committed to a ten-year lock-up of its shares, causing another 17% jump and fueling speculation about long-term strategic support. The company also announced advances in quantum algorithms, specifically enhancing the Grover quantum search algorithm, which added to the positive sentiment.
MLGO stock is up 215.43% year-to-date.
While we acknowledge the potential of MLGO, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than MLGO but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
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