5 Biggest AI Companies In The World

2. Microsoft Corporation (NASDAQ:MSFT)

Market Capitalization: $1.8 Trillion 

Microsoft Corporation (NASDAQ:MSFT) develops, licenses, and supports software, services, devices, and solutions worldwide. On November 14, Microsoft announced its Microsoft Supply Chain Platform. This platform helps organizations maximize their supply chain data estate investment with an open approach, bringing the best of Microsoft AI, integration, low-code, security and SaaS applications in a composable platform. 

Microsoft uses its Azure AI platform, services and solutions. Azure is a robust framework for developing machine learning, conversational AI, data analytics, robotics, IoT, and more. Azure focuses on building innovative apps and spends less time managing data, delivering data-powered experiences, adding intelligence to apps, generating insights, and more with a comprehensive data platform. Its services and tools are backed by a best-of-breed infrastructure with enterprise-grade security, availability, compliance, and manageability. The infrastructure of Azure offers the power of infinite scale and integrated AI, combined with sustainability and efficiency that benefits organizations and the planet.

On October 26, RBC Capital analyst Rishi Jaluria maintained an Outperform rating on Microsoft Corporation (NASDAQ:MSFT) stock and lowered the price target to $310 from $380, noting that the company’s first quarter results were decent, but its guidance was rough, with second quarter seen below expectations on a larger-than-expected slowdown in the cyclical consumer businesses and mixed commercial outlook.

At the end of the second quarter of 2022, 269 hedge funds in the database of Insider Monkey held stakes worth $61.2 billion in Microsoft Corporation (NASDAQ:MSFT), compared to 258 in the previous quarter worth $56 billion.

In its Q2 2022 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and Microsoft Corporation (NASDAQ:MSFT) was one of them. Here is what the fund said:

“Shares of Microsoft Corporation, a leading global provider of software solutions, declined 16.6% in the quarter along with the broader software group as well as due to growing concerns of a potential macro-driven slowdown. This is despite the company posting strong quarterly financial results and successfully absorbing headwinds from the war in Ukraine. The company had 21% revenue growth, 23% operating income growth, and 35% growth in Microsoft Cloud (all year-over-year in constant currency), which now represents 47% of total revenues. (read more…)