5 Best Big Tech Stocks To Buy Now

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1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 289

UBS analyst Karl Keirstead upgraded Microsoft Corporation (NASDAQ:MSFT) shares from Neutral to Buy on July 14. He also placed a $400 price target on the stock.

Microsoft Corporation (NASDAQ:MSFT) had 289 hedge funds long its stock in the first quarter, with a total stake value of $57.9 billion.

Microsoft Corporation (NASDAQ:MSFT) is a systems software company based in Redmond, Washington.

ClearBridge Investments said the following about Microsoft Corporation (NASDAQ:MSFT) in its second-quarter 2023 investor letter:

“2023 has so far marked a return to mega cap leadership, with Apple, Microsoft Corporation (NASDAQ:MSFT), Alphabet, Amazon.com and Nvidia accounting for approximately two thirds of the benchmark return. At 41.3%, the five largest stocks in the market represent the highest concentration in the 26-year history of the Russell 1000 Growth Index. Among these names, we maintain overweights to Nvidia (+246 bps) and Amazon (+117 bps), underweights to Microsoft (-353 bps) and Apple.

The Strategy’s IT holdings also drove performance in the second quarter, led by the continued rerating of graphics chipmaker Nvidia as a key beneficiary of the generative AI boom. AI-connected holdings Microsoft and Amazon also delivered strong gains.”

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See also 10 Best Technology Penny Stocks to Buy and 10 Tech Stocks Benefiting From The AI Boom.

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