5 Best Predictive Analytics Stocks to Buy

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 306

Microsoft Corporation (NASDAQ:MSFT), an American multinational technology company headquartered in Redmond, Washington, is renowned for its software products, which include the Windows line of operating systems, the Microsoft 365 suite of productivity applications, and the Edge web browser. The company is investing in Big Data analytics with Azure Synapse Analytics, delivering a cloud data warehouse tailored for enterprise business intelligence (BI) and analytics on extensive datasets. It incorporates query acceleration through dedicated SQL pools.

In a recent disclosure, Microsoft Corporation (NASDAQ:MSFT) shared its financial results for the first quarter of the 2024 fiscal year. The tech giant reported impressive revenue of $56.5 billion, coupled with a net income of $22.3 billion in Q1. These figures indicate significant growth, with revenue climbing by 13%, and net income experiencing a notable surge of 27%. Although the Devices segment encountered some challenges in this quarter, there was a modest recovery observed in the Windows division. Notably, Microsoft Corporation (NASDAQ:MSFT)’s cloud services and Office suite saw substantial growth, with Cloud revenue reaching $31.8 billion, showcasing a 24% year-over-year increase.

As per Insider Monkey’s Q3 2023 database, Microsoft Corporation (NASDAQ:MSFT) emerged as the most favored stock among hedge funds, with 306 funds maintaining stakes in the company, collectively valued at nearly $72.1 billion.

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