15 Stocks ChatGPT Predicts Could Make You Wealthy in 10 Years

2. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 279

Microsoft Corporation (NASDAQ:MSFT) is an American technology company, best known for its operating systems and software products. It is one of the most valuable companies in the world with a market cap above $3 trillion.

The Intelligent Cloud segment has become a major driver of growth for the company. During Q1 FY25, the segment contributed 37% of Microsoft’s overall revenue which stood at $65.6 billion. The segment’s revenue of $24.1 billion was up 20% year-over-year, driven by a 33% revenue growth in Azure and other cloud services.

Azure holds the second-largest share of the global cloud market after AWS. During the quarter, Microsoft Corporation (NASDAQ:MSFT) saw growth in both $10 million and $100 million contracts for Azure, which further solidified its significance in the company’s overall strategy.

The company also continues to thrive in its Productivity and Business Processes segment, whose revenue increased 12% during the quarter to $28.3 billion, fueled by Microsoft 365 Commercial cloud revenue growth of 15%. LinkedIn’s revenue was up 10%, while Dynamics products and cloud services revenue increased 14%, reflecting Microsoft Corporation (NASDAQ:MSFT)’s vital role in enterprise productivity and connectivity.

MSFT is also committed to shareholder returns and gave back $9 billion in dividends and share repurchases during Q1 FY25. Wall Street analysts are bullish on the stock, with a consensus Strong Buy rating and an average upside potential of 15%.