12 AI Stocks on Wall Street’s Radar Today

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1.  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 11, Derrick Wood from TD Cowen maintained a “Buy” rating on the stock with a price target of $475.00. Wood is bullish on the stock given the continuing robust demand for Microsoft’s Azure AI services. After recent virtual investor meetings with Microsoft’s Director of Investor Relations, Danielle Criste, it has come to light that regardless of the company’s data center buildout strategy entering a different phase, the overall approach has not significantly shifted.

The company is maintaining a healthy balance between AI and non-AI workloads, contributing to impressive financial results. Microsoft is experiencing strong demand for its Azure AI solutions, and it is also optimistic about the prospects for its Copilot offering. In this regard, it is actively developing new pathways for adoption and monetization of Copilot, which will enable it to capitalize on the growing demand for AI-powered solutions and services. Based on these factors, the firm is confident in the path Microsoft is taking, and believes in the potential for its sustained growth in the AI sector.

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 time frame. 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 Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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