We recently compiled a list of the Why These 15 Tech Stocks Are up the Most So Far in 2025. In this article, we are going to take a look at where Xunlei Limited (NASDAQ:XNET) stands against the other tech stocks.

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.

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).

An artfully detailed shot of a computer monitor displaying a streaming video from Xunlei Media Player, demonstrating the company's online media capabilities.

Xunlei Limited (NASDAQ:XNET)

Number of Hedge Fund Holders In Q4 2024: 4

Xunlei Limited (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 Limited (NASDAQ:XNET)'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 Limited (NASDAQ:XNET) 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.

Overall XNET ranks 5th on our list of the tech stocks that are up the most so far in 2025. While we acknowledge the potential of XNET as an investment, 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 XNET 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.

 

Disclosure: None. This article is originally published at Insider Monkey.