5 Best Machine Learning Stocks to Buy

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 258

Microsoft Corporation (NASDAQ:MSFT) is an American technology company that rose to fame due to its Windows operating system. Now, the firm has expanded its product and services portfolio to include cloud computing, consumer electronics, and other services.

Microsoft Corporation (NASDAQ:MSFT) offers companies the chance to use machine learning for their enterprise needs through Azure Machine Learning as a Service platform. This allows companies to run machine learning cycles end to end, from cleaning data, to training, testing, and validation. Some of the largest companies and organizations in the world use Azure Machine Learning, such as 3M, Pepsi, FedEx, and the NHS. It also supports a variety of platforms such as PyTorch, TensorFlow, and XGBoost.

Insider Monkey’s Q2 2022 survey of 895 hedge funds outlined that 258 had invested in Microsoft Corporation (NASDAQ:MSFT).

Out of these, Ken Fisher’s Fisher Asset Management is Microsoft Corporation (NASDAQ:MSFT)’s largest investor. It owns 28.6 million shares that are worth $7.3 billion.

Lakehouse Capital mentioned the company in its September 2022 investor letter. Here is what the fund said:

Azure has grown at a rapid clip over the past decade to cement itself as the second-largest cloud service provider globally, behind Amazon Web Services. The business benefits from strong secular tailwinds as cloud adoption continues unabated and there is considerable runway ahead – it’s currently estimated that less than 20% of global IT spend is currently in the cloud. Research indicates that 80% of enterprises use Azure and its market share has grown to 21%, up from 13% five years ago. The mission-critical nature of the product, which is similar to many of Microsoft’s other solutions, is incredibly attractive as it leads to sticky, recurring revenue streams. Something we love to see…” (Click here to read the full text)

Disclosure: None. You can also take a look at Top 10 Tech Stocks to Buy According to Billionaire Louis Bacon and 10 Best FTSE Dividend Stocks To Buy Now.

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