10 Best Artificial Intelligence (AI) Stocks To Buy According to Financial Media

2. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 293

Microsoft Corporation (NASDAQ:MSFT) is a systems software company based in Redmond, Washington. Like other big tech companies, Microsoft Corporation (NASDAQ:MSFT) has been actively working on developing and investing in artificial intelligence technologies. For instance, the company has invested about $13 billion to date in OpenAI, the developer of ChatGPT. Microsoft Corporation (NASDAQ:MSFT) has also now integrated ChatGPT into its search engine, Bing. This May, the company announced its Responsible AI Transparency Report, which provided public information on its AI practices and goals as well. Considering these initiatives, many investors are viewing Microsoft Corporation (NASDAQ:MSFT) as a versatile player in the AI industry, with broad reach and much to offer.

Our hedge fund data for the first quarter shows 293 hedge funds long Microsoft Corporation (NASDAQ:MSFT), with a total stake value of $88.2 billion.