13 Best Big Tech Stocks To Buy Now

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2. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 279

Microsoft Corporation (NASDAQ:MSFT) is a systems software big tech giant. It is based in Redmond, Washington.

Over the past three years, Microsoft Corporation (NASDAQ:MSFT) has managed to almost triple its valuation – a feat that has landed the company in the $3 trillion club with Apple. The company also showed immense growth to investors in the fourth quarter of fiscal 2024, with revenue and operating income both rising by 15% year-over-year.

A big reason why Microsoft Corporation (NASDAQ:MSFT) is on investors’ radars right now is its plans to increase capital expenditures in cloud and AI infrastructure. In fiscal 2024, the company has spent $55.7 billion, with $19 billion being spent in the fourth quarter alone. Through this increased spending, investors believe Microsoft Corporation’s (NASDAQ:MSFT) Azure business will be able to stay on par with competitor Amazon Web Services. Azure currently holds 25% of the cloud computing market share, and AI is expected to increase this even further.

There were 279 hedge funds long Microsoft Corporation (NASDAQ:MSFT) in the second quarter, with a total stake value of $89.1 billion.

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