5 Best Data Center Stocks To Invest In

2. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 259

Microsoft Corporation (NASDAQ:MSFT) is one of the world’s largest technology companies that is primarily known for its Windows operating system. The firm also has a commanding position in the data center space through its Azure platform which has hundreds of data centers located all over the globe.

The Azure platform is one of the strongest of its type in the world and Microsoft Corporation (NASDAQ:MSFT) is believed to have brought in $10 billion from it for its fourth quarter of 2021. Analysts have bright estimates for its future growth as well, and expect growth to stand at 36% during Q2 2022, and at 37% and 42% for the next two quarters. Azure is also the strongest growing cloud services provider in the market, beating peers such as those from Amazon and Google. Finally, as a testament to its prowess, FedEx announced in January 2022 that it will partner with the company to build a cross platform logistics solution through Microsoft Azure.

As the first quarter of this year came to an end, 259 of the 912 hedge funds polled by Insider Monkey had invested in Microsoft Corporation (NASDAQ:MSFT).

Microsoft Corporation (NASDAQ:MSFT)’s largest investor is Ken Fisher’s Fisher Asset Management which owns 27 million shares that are worth $8.5 billion.