10 Best AI Stock Picks of Billionaire Steve Cohen

3. Microsoft Corp (NASDAQ:MSFT)

Steve Cohen‘s Q1’2024 Stake: $430,505,947

Billionaire Steve Cohen doubled down on his stake in Microsoft Corp (NASDAQ:MSFT) in the first quarter of 2024 as he upped his stake in Microsoft Corp (NASDAQ:MSFT) by 125%, concluding the period with a $430 million stake in Microsoft Corp (NASDAQ:MSFT).

Microsoft Corp (NASDAQ:MSFT)  is continuing to unleash AI-packed products, both hardware and software, causing giants like Alphabet and Apple to scramble and play catch-up. Microsoft Corp (NASDAQ:MSFT) recently revealed AI-powered Copilot+ PCs, which will have AI chips, Windows 11 and Copilot software.

Vulcan Value Partners stated the following regarding Microsoft Corporation (NASDAQ:MSFT) in its first quarter 2024 investor letter:

“Microsoft Corporation (NASDAQ:MSFT) is the world’s largest software company with a broad range of offerings including Microsoft office, gaming, Azure cloud computing, LinkedIn, and more. It was a material contributor for the second consecutive quarter, and we discussed it at length in last quarter’s letter. The company continues to execute well.”