5 Best Metaverse Stocks To Invest In

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 289

Although Microsoft Corporation (NASDAQ:MSFT) isn’t exactly a metaverse stock when compared to others in this list, its artificial intelligence (AI) capabilities could prove invaluable to the technology’s development. OpenAI, a prominent AI company, forged a long-term partnership with Microsoft Corporation (NASDAQ:MSFT) due to the capabilities of its cloud-computing product, Azure, which offers the essential power and storage required to scale AI applications for a vast user base. As a result, Microsoft’s pioneering advancements in AI and its robust cloud-computing offering position the company as a potential beneficiary in the metaverse landscape.

According to Insider Monkey’s first quarter database, 289 hedge funds were bullish on Microsoft Corporation (NASDAQ:MSFT), compared to 259 funds in the earlier quarter. Billionaire Bill Gates’ Bill & Melinda Gates Foundation Trust is the largest Microsoft stakeholder, with a position worth $11.3 billion.

Ariel Global Fund made the following comment about Microsoft Corporation (NASDAQ:MSFT) in its Q1 2023 investor letter:

“Enterprise software provider, Microsoft Corporation (NASDAQ:MSFT) also traded higher in the period alongside the investor enthusiasm for Artificial Intelligence. Microsoft is well positioned as this new technology advances given its large investment in Open AI, the parent company of ChatGPT. Looking ahead, we continue to like Microsoft’s solid fundamentals, competitive positioning and long-term business outlook. We anchor on the company driving value creation by capitalizing on a broad and deep set of opportunities, most notably within Azure, its hybrid cloud infrastructure. The platform continues to demonstrate share gains and strong multi-year purchase intent as enterprises transition to cloud based platforms. At current trading levels, we believe Microsoft’s risk/reward is skewed to the upside.”

See also 10 Technology Dividend Stocks Billionaires Are Loading Up On and 10 Internet of Things (IoT) Stocks Billionaires Are Loading Up On.