1. Microsoft Corporation (NASDAQ:MSFT)
Number of Hedge Fund Holders: 302
Microsoft Corporation (NASDAQ:MSFT) is engaged in machine learning through its offering of Azure Machine Learning service to manage and accelerate the machine learning project lifecycle and is used by ML professionals to develop models, deploy them, and oversee machine learning operations. The company had a long-standing partnership with OpenAI, an AI research and deployment company best known for its large language model ChatGPT. The company’s Azure OpenAI service grants users access to advanced AI capabilities and models, including OpenAI GPT-4, GPT-4 Turbo with Vision, GPT-3.5-Turbo, and Embeddings model series. Microsoft Corporation (NASDAQ:MSFT) occupies the top spot on our list of best machine learning stocks to invest in.
In the fourth quarter of 2023, 302 hedge funds held stakes in Microsoft Corporation (NASDAQ:MSFT), with positions worth $87.3 billion. As of December 31, 2023, the Bill & Melinda Gates Foundation Trust is the largest shareholder of the company with a position worth $14.37 billion.
On April 4, it was announced that Microsoft Corporation (NASDAQ:MSFT) and Cloud Software Group Inc. will be extending their collaboration via a strategic partnership over the next 8 years. Under the agreement, the company will use Citrix as the preferred Global Azure Partner solution for Enterprise Desktop as a Service when dealing with joint Azure customers and Microsoft Azure will be utilized as the preferred cloud solution by Citrix. Furthermore, Cloud Software Group Inc. committed $1.65 billion to the company’s cloud and its generative AI capabilities.
Diamond Hill Capital stated the following regarding Microsoft Corporation (NASDAQ:MSFT) in its fourth quarter 2023 investor letter:
“Other top Q4 contributors included Meta and Microsoft Corporation (NASDAQ:MSFT). Social media platform Meta’s digital ad revenues increased during the quarter, while it continued cutting costs — a combination which generated better-than-expected revenues and profits. Shares of software and information technology services provider Microsoft rose as its Azure cloud business continues growing and the company continues capitalizing on its attractive recurring revenue-based model to drive growth.”
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Disclosure: None. You can also look at the 12 Best All-Time Low Stocks To Invest In and the 10 Best US Chemical Stocks To Invest In Now.
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