5 Best Investments for Beginners

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 300

Microsoft Corporation (NASDAQ:MSFT) is perhaps the most sough-after investment in the stock market purported by Wall Street analysts these days amid the company’s clear growth catalysts on the back of AI. Goldman Sachs recently reiterated its Buy rating on Microsoft Corporation (NASDAQ:MSFT) with a $400 price target following the company’s Envision conference. Microsoft Corporation (NASDAQ:MSFT) said it left the conference with clarity that Microsoft has a rich product line in the AI, and especially praised the company’s Microsoft 365 Copilot and Fabric which are expected to go live by the end of year.

As of the end of the second quarter of 2023, 300 hedge funds tracked by Insider Monkey had stakes in Microsoft Corporation (NASDAQ:MSFT).

Harding Loevner Global Equity Strategy made the following comment about Microsoft Corporation (NASDAQ:MSFT) in its Q2 2023 investor letter:

“Most notably, Microsoft Corporation (NASDAQ:MSFT) was able to gain an immediate leadership position in generative Al by making a US$10 billion investment in OpenAI, the company behind ChatGPT, earlier this year. Microsoft’s Bing search engine has since introduced ChatGPT into its web index data-a collection so large that it is rivaled by the dataset of only one other business in the world, Alphabet’s Google. Data are the feedstock of Al models, and an Al-enhanced search engine trained on so much data may attract more users to Bing, allowing Microsoft to sell more ads on the service. Microsoft is also adding generative Al to other products, including the Azure cloud service, enabling business customers who use Azure to easily integrate OpenAl models to glean more insights from their data and automate functions such as certain IT tasks. These added capabilities should motivate more businesses to migrate their data to the cloud and make Azure more competitive with Amazon.com’s AWS and Google Cloud.”

You can also take a peek at 25 Bestselling Cars, Trucks, and SUVs of 2022 and 2023 and 10 Best Canadian ETFs.