5 Most Advanced AI Companies

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 289

Microsoft Corporation (NASDAQ:MSFT) is a tech company based in Redmond, Washington. Its AI moves include the Bing AI chatbot, among other solutions. It has been expanding its suite of Accessible-Artificial-Intelligence-as-a-Service capabilities and announcing plans to upgrade Azure Cognitive Services and Azure Applied AI services.

In the first quarter, Microsoft Corporation (NASDAQ:MSFT) had 289 hedge funds long its stock. Their total stake value was $57.9 billion.

Oppenheimer’s Timothy Horan reiterated an Outperform rating and a $410 price target on Microsoft Corporation (NASDAQ:MSFT) shares on July 28.

L1 Capital said the following about Microsoft Corporation (NASDAQ:MSFT) in its second-quarter 2023 investor letter:

“Microsoft Corporation (NASDAQ:MSFT) is a clear and substantial beneficiary of AI – not only through its investment in OpenAI/ChatGPT but through the incorporation of AI into core Microsoft products and services, and increasingly through Azure (Microsoft’s cloud computing business) providing ‘AI-as-a-service’. At this stage we don’t know what the long-term financial benefits of AI will be to Microsoft, but we have confidence that it will be meaningful, that barriers to competition are increasing and that Microsoft is worth more today than it was 12 months ago. That said, Microsoft’s share price has increased 33% (in U.S. dollars) over the past year, and we no longer consider the company to be undervalued in our central base case. We have started to trim our investment in Microsoft, although it remains one of the Fund’s largest positions.”

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