5 Best Long-Term Tech Stocks To Buy

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 306

Based in Redmond, Washington, Microsoft Corporation (NASDAQ:MSFT) is a prominent technology company that offers a diverse array of products, including operating systems, cross-device productivity applications, server applications, business solution applications, desktop and server management tools, software development tools, and video games.

Microsoft Corporation (NASDAQ:MSFT) has established itself as a leader in the AI field through its collaboration with OpenAI, the creator of Chat GPT—an AI-powered chatbot. Utilizing its AI capabilities, Microsoft Corporation (NASDAQ:MSFT) is committed to enhancing its existing products and services, spanning Bing Search, Cloud, and its Office Suite.

In the third quarter of 2023, Microsoft Corporation (NASDAQ:MSFT) emerges as the most favored stock among the 910 hedge funds monitored by Insider Monkey, holding the top position in hedge fund sentiment. A total of 306 hedge funds included shares of this software giant in their portfolios, reflecting a cumulative value of $72 billion.

In its Baron Technology Fund Q3 2023 investor letter, Baron Funds made the following comments about Microsoft Corporation (NASDAQ:MSFT):

“Looking at the big picture, Microsoft continues to execute at a high level, navigating a challenging macro backdrop while aggressively investing in long-term growth, and we remain confident that Microsoft is well positioned to leverage AI over the medium to long term as it infuses Open AI and other generative AI technologies across its entire product portfolio.”

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