10 AI News Making Waves on Wall Street

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1.    Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 279

Microsoft Corporation (NASDAQ:MSFT) provides AI-powered cloud, productivity, and business solutions, focusing on efficiency, security, and AI advancements. On February 10th, Stifel Nicolaus analyst Brad Reback maintained a “Buy” rating on the stock and retained the price target of $515.00. While Reback’s rating comes from several factors, the highlight is Microsoft’s Azure AI Foundry, an integrated platform for Developers and IT Administrators to design, customize, and manage AI applications and agents. The firm sees it as a key differentiator for Azure, given that it offers a robust platform for integrating large language models (LLMs) into applications. The offering currently boasts around 60,000 customers, attracting more developers and applications. Additionally, Microsoft’s strategic investments in AI and application server innovations also place it strategically against competitors, ensuring its leadership in the AI space.

While we acknowledge the potential of MSFT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than MSFT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stock To Buy Now and Complete List of All AI Companies Under $2 Billion Market Cap.

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