11 AI Stocks Shaking Up Wall Street Today

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2. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 317

Microsoft Corporation (NASDAQ:MSFT) provides AI-powered cloud, productivity, and business solutions, focusing on efficiency, security, and AI advancements. On March 24, Piper Sandler reiterated the stock as “Overweight” with a $520 price target. The firm said that Microsoft is best positioned to weather a bumpy macro environment and that investors should “buy the weakness.”

Highlighting discussions from recent investor meetings with Microsoft’s VP of Investor Relations, Jonathan Neilson, and Finance Director of Investor Relations, Josh Elvidge, from last week, the analysts are optimistic about the stock based on the company’s diverse product portfolio, robust commercial Remaining Performance Obligation (RPO), significant operating cash flows, and a substantial AI business expanding at a triple-digit rate. These factors provide Microsoft with a firm base to navigate uncertain economic conditions.

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