14 AI Stocks Making Waves on Wall Street

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2. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 279

Microsoft Corporation (NASDAQ:MSFT) integrates AI into its cloud platforms, productivity applications, and enterprise solutions to enhance automation, security, and user experience. The company’s AI efforts cover cutting-edge cloud services, AI-powered business software, and advanced language processing and computing technologies.

As reported by Reuters, Microsoft CEO Satya Nadella announced a $3 billion investment to expand Azure cloud and AI capabilities in India, marking the company’s largest commitment in the country. Over two years, this investment will also focus on upskilling Indians in AI, and complement a broader plan to invest $80 billion in AI-enabled data centers in fiscal 2025. Nadella highlighted India’s significance as a tech hub, with its developer community on GitHub being second only to the U.S. and projected to lead globally by 2028.

The company aims to train 10 million people in AI by 2030, and have already upskilled 2.4 million in the past year. During the “Microsoft AI Tour” in Bengaluru, the CEO emphasized India’s contributions to AI projects like GitHub Copilot, which has generated $2 billion in annual revenue.

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