10 Best Fortune 500 Stocks To Buy Now

2. Microsoft Corp. (NASDAQ:MSFT)

Market Capitalization as of September 14: $3201.93 billion

Number of Hedge Fund Holders: 279

Microsoft Corp. (NASDAQ:MSFT) develops and markets software, services, and hardware, with businesses worldwide and offices in over 100 countries. It is best known for its Windows operating system, Office productivity suite, and Xbox video game console, and is one of the world’s largest software makers by revenue.

In FQ4 2024, the company made $64.73 billion in revenue, recording a year-over-year increase of 15.20%. The earnings per share stood at $2.95. Both of these values exceeded Street estimates. During the same quarter, Microsoft Cloud, its most popular service, logged $36.8 billion in quarterly revenue, up by 21% year-over-year, and had record bookings.

It reported Office commercial sales of $48 billion. Individual Office sales also rose to $6.2 billion, reflecting a 4% growth. Dynamics ERP and CRM software sales reached $6.3 billion, a 19% increase. Bing sales grew by 3% year-over-year as more users switched from Google Search.

Microsoft Corp. (NASDAQ:MSFT) is a leader in AI technology, with its Azure OpenAI service seeing a 60% increase in customers, reaching 60,000 clients in the second quarter of this year. The company has formed strategic partnerships with Lumen Technologies and Palantir to enhance its position in the AI space and manage workloads on its cloud service. With such partnerships, investors can expect growing returns, making it a top Fortune 500 stock.

279 hedge funds hold long positions in the company. The highest shareholder is Bill & Melinda Gates Foundation Trust, with a stake worth $15,593,905,379.