5 Blue Chip Stocks to Buy According to Billionaire Jim Simons

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1. Microsoft Corporation (NASDAQ:MSFT)

Renaissance Technologies Stake Value: $981 million

Percentage of Renaissance Technologies’ Portfolio: 1.16%

Number of Hedge Fund Holders: 258

Microsoft Corporation (NASDAQ:MSFT) produces and licences software for consumers and businesses. Microsoft is widely recognized for its Windows operating systems and Office productivity suite. The business is divided into three major divisions of similar size: productivity and business processes, intelligence cloud, and more personal computing.

Given its dominance of PC operating systems and its growth potential in the cloud, Microsoft Corporation (NASDAQ:MSFT) is regarded as one of the leading tech blue chips. Given Renaissance Technologies’ holding of almost $1 billion in the stock, it is also number one on our list of 5 and 10 Blue Chip Stocks to Buy According to Billionaire Jim Simons.

The Verge’s Tom Warren reported that Microsoft Corporation (NASDAQ:MSFT) has begun testing new updates to the Xbox Home U.I. that will be released to the public in 2023. The revisions to the layout and style will make it easier to locate Xbox games and applications.

At the end of Q2 2022, 258 hedge funds tracked by Insider Monkey owned Microsoft Corporation (NASDAQ:MSFT). Fisher Asset Management was the stock’s leading stakeholder in Q2, owning Microsoft Corporation (NASDAQ:MSFT) shares worth over $7.3 billion.

You can also take a look at 10 Tech Stocks to Buy Now According to Billionaire Steve Cohen and 10 Best Stocks to Buy Now According to Billionaire Andreas Halvorsen.

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