5 Best Stocks To Invest In According to AI

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 300

Share price performance from May 30 to September 7: 0.50%

Microsoft Corporation (NASDAQ:MSFT) is a multinational technology company based in Redmond, Washington, USA. Some of the company’s most recognizable software offerings include the Windows series of operating systems, the Microsoft 365 suite comprising productivity applications, as well as the web browsers Internet Explorer and Edge. On July 25, Microsoft Corporation (NASDAQ:MSFT) reported a Q4 GAAP EPS of $2.69, beating Wall Street estimates by $0.14. The revenue of $56.2 billion increased 8.3% year-on-year, surpassing market estimates by $710 million.

As of May 30, the share price performance of Microsoft Corporation (NASDAQ:MSFT) has seen an increase of almost 14%. According to Insider Monkey’s second quarter database, 300 hedge funds were bullish on Microsoft Corporation (NASDAQ:MSFT), same as the last quarter. Michael Larson’s Bill & Melinda Gates Foundation Trust is the largest stakeholder of the firm with almost 39.3 million shares, valued at approximately $13.4 billion.

Alger Spectra Fund made the following comment about Microsoft Corporation (NASDAQ:MSFT) in its Q2 2023 investor letter:

“Microsoft Corporation (NASDAQ:MSFT) is a beneficiary of corporate America’s transformative digitization. Microsoft’s CEO expects technology spending as a percent of Gross Domestic Product (GDP) to jump from about 5% now to 10% in 10 years and that Microsoft will continue to capture market share within the technology sector. The company operates through three segments: Productivity and Business Processes (Office, LinkedIn, and Dynamics), Intelligent Cloud (Server Products and Cloud Services, Azure, and Enterprise Services), and More Personal Computing (Windows, Devices, Gaming, and Search). During the period, shares contributed to performance as the company reported fiscal third quarter results above expectations driven by outperformance in More Personal Computing and Office Commercial. Additionally. management provided in-line Azure guidance, easing investor concerns of a potential slowdown in Azure growth estimates. Moreover, management provided encouraging commentary around Al, noting strong long-term opportunities as they integrate various Al offerings into their products and services.”

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