In this piece, we will take a look at the five biggest data science companies in USA. To learn more about the industry and take a look at more stocks, head on over to 15 Biggest Data Science Companies In USA.
5. Advanced Micro Devices, Inc. (NASDAQ:AMD)
Number of Hedge Fund Holders: 87
Advanced Micro Devices, Inc. (NASDAQ:AMD) is a semiconductor firm that sells CPUs and GPUs. These are used by regular users, gamers, and companies. The firm is based in Santa Clara, California, the United States.
Advanced Micro Devices, Inc. (NASDAQ:AMD)’s products are used in large scale data centers that allow companies to run advanced data analytics platforms. These provide a single socket product to let firms run database engines such as SQL and noSQL, run cloud instances such as those from Amazon and Google, and drive throughput by running multi threaded applications at scale.
Insider Monkey’s Q2 2022 survey of 895 hedge funds outlined that 87 had invested in Advanced Micro Devices, Inc. (NASDAQ:AMD).
Out of these, Ken Fisher’s Fisher Asset Management is Advanced Micro Devices, Inc. (NASDAQ:AMD)’s largest investor through a $1.9 billion stake that comes via 25 million shares.
4. JPMorgan Chase & Co. (NYSE:JPM)
Number of Hedge Fund Holders: 104
JPMorgan Chase & Co. (NYSE:JPM) is one of the largest and oldest banks in the world after it was set up in 1799 and is headquartered in New York, New York, the United States.
JPMorgan Chase & Co. (NYSE:JPM) uses data analytics to derive insights from the financial markets. The firm’s tools allow its customers to scan more than 30,000 bonds to pick out the right investments, develop their own indexes to track portfolio performance, and access up to date pricing for securities. The firm has also partnered up with other data companies such as Confluence to provide the services.
By the end of this year’s second quarter, 104 out of the 895 hedge funds profiled by Insider Monkey had invested in JPMorgan Chase & Co. (NYSE:JPM).
JPMorgan Chase & Co. (NYSE:JPM)’s largest investor is Ken Fisher’s Fisher Asset Management which owns 7.9 million shares that are worth $899 million.
3. Alphabet Inc. (NASDAQ:GOOGL)
Number of Hedge Fund Holders: 191
Alphabet Inc. (NASDAQ:GOOGL) is one of the largest technology companies in the world, which is known primarily for its search engine Google. It also provides video streaming services, an email platform, and consumer technology products.
Data analytics sit at the heart of Alphabet Inc. (NASDAQ:GOOGL)’s products, as its search engine Google sifts through billions of webpages based on an analytical profile of the user performing the query and the webpage that it displays. The firm’s YouTube service uses user profiles and past history to finetune content offerings and deliver advertisements. It also provides a cloud computing platform that lets companies run analytical models such as classification algorithms.
191 out of the 895 hedge funds polled by Insider Monkey for their June quarter of 2022 investments had held a stake in Alphabet Inc. (NASDAQ:GOOGL).
Chris Hohn’s TCI Fund Management is Alphabet Inc. (NASDAQ:GOOGL)’s largest investor. It owns 2.4 million shares that are worth $5.4 billion.
RiverPark Funds mentioned the company in its Q3 2022 investor letter. Here is what the fund said:
“Despite solid 2Q results, internet services leader Alphabet was a top detractor this quarter on market concerns about the global economic outlook. For its 2Q22, the company had another quarter of strong earnings, driven by search, YouTube and growth at its emerging cloud business. The company reported second-quarter revenue of $70 billion, an increase of 13% year over year (16% on a constant currency basis), with Google Services (mostly Advertising) up 10% and Google Cloud up 36%.
2. Amazon.com, Inc. (NASDAQ:AMZN)
Number of Hedge Fund Holders: 252
Amazon.com, Inc. (NASDAQ:AMZN) is the world’s largest electronic commerce platform. Its website allows merchants to connect with customers and the firm also offers a vast cloud computing system that servers corporate customers.
Amazon.com, Inc. (NASDAQ:AMZN)’s data analytics sees it sift out the right product for its users on its website, run advertisements, and generate campaigns based on a user’s profile. Additionally, its Amazon Web Services (AWS) platform lets companies run a host of instances that enable high quality analytics such as k-means factoring and principal component analysis. Amazon.com, Inc. (NASDAQ:AMZN)’s Alexa uses data analytics to recognize user queries and generate the right responses.
Insider Monkey’s Q2 2022 survey of 895 hedge funds outlined that 252 had held a stake in Amazon.com, Inc. (NASDAQ:AMZN).
Amazon.com, Inc. (NASDAQ:AMZN)’s largest investor in our database is Ken Fisher’s Fisher Asset Management which owns 48 million shares that are worth $5 billion.
1. Microsoft Corporation (NASDAQ:MSFT)
Number of Hedge Fund Holders: 258
Microsoft Corporation (NASDAQ:MSFT) is an American technology company that sells both software and hardware. The firm’s Windows operating system is the most widely used globally, and it also sells laptops and gaming consoles. It is headquartered in Redmond, Washington, the United States.
Microsoft Corporation (NASDAQ:MSFT) has a wide variety of data analysis services in its portfolio, such as Azure Data Factory and Data Lake. These let users store and process data through a variety of languages. Additionally, the firm also lets SQL users manipulate their data into chunks for useful analysis, and it also uses machine learning to answer user queries.
As part of their second quarter of 2022 investments, 258 out of the 895 hedge funds part of Insider Monkey’s database owned Microsoft Corporation (NASDAQ:MSFT)’s shares.
Out of these, Ken Fisher’s Fisher Asset Management is Microsoft Corporation (NASDAQ:MSFT)’s largest investor. It owns 28 million shares that are worth $7.3 billion.
Lakehouse Capital mentioned the company in its September 2022 investor letter. Here is what the fund said:
“During the month, the Fund initiated a new position in Microsoft Corporation (NASDAQ:MSFT), a name that is no doubt familiar to our investors. The company was founded by Bill Gates and Paul Allen in a friend’s garage in 1975 and began dominating the operating system market with MS-DOS by the mid-1980s. The company has come a long way since then and is now widely considered the most critical and indispensable IT mega-vendor for businesses globally. In addition to its well-known Windows operating systems and Office productivity suite, the company has a broad portfolio of strategic products, including a rapidly growing public cloud business in Azure and a sizeable gaming presence.
Disclosure: None. You can also take a look at 10 Best European Dividend Stocks to Buy Now and 10 Best Stocks to Buy According to Billionaire Dan Loeb.
