14 AI Stocks Catching Wall Street’s Attention

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 April 10, multiple news sources reported that Microsoft has decided to suspend its billion-dollar data center project in Licking County, Ohio. ​The move marks the latest hint that AI technology may not require massive infrastructure as previously anticipated. The company has confirmed that it will halt early-stage projects on rural land in central Ohio’s Licking County, and reserve two of the three sites for farmland.

“In recent years, demand for our cloud and AI services grew more than we could have ever anticipated and to meet this opportunity, we began executing the largest and most ambitious infrastructure scaling project in our history…Walsh said “any significant new endeavor at this size and scale requires agility and refinement as we learn and grow with our customers. What this means is that we are slowing or pausing some early-stage projects.”

-Noelle Walsh, President of Microsoft’s cloud computing operations.