In this article, we discuss the 10 tech penny stocks Reddit is buying. If you want to skip our detailed analysis of these stocks, go directly to the 5 Tech Penny Stocks Reddit is Buying.

Technology stocks have reached evaluations that many analysts now term sky-high and in dire need of correction. Of the top ten companies on the S&P 500 Index in terms of market capitalization, seven are technology firms, like Apple Inc. (NASDAQ: AAPL), Amazon.com, Inc. (NASDAQ: AMZN), and Facebook, Inc. (NASDAQ: FB). These account for more than 23% of the total index by weightage. David Bahnsen, the chief investment officer of The Bahnsen Group, an investment firm based in California, said earlier this year that tech stocks were poised for a reprice after meteoric gains during the pandemic that pushed valuations too high.

Amid fears of inflation and a drop in the prices