5 Most Profitable Tech Stocks in 2023

2. Microsoft Corporation (NASDAQ:MSFT)

Latest TTM Net Income: $67.4 billion

Microsoft Corporation (NASDAQ:MSFT) is the largest software company in the world because of its Windows operating system. The company is currently moving full steam ahead to ensure its bid to acquire video game developer Activision proceeds, and it now plans to transfer the streaming rights of some popular titles to woo regulators.

300 out of the 910 hedge funds part of Insider Monkey’s research had invested in the firm as of June 2023 end. Out of these, Microsoft Corporation (NASDAQ:MSFT)’s largest shareholder is Michael Larson’s Bill & Melinda Gates Foundation Trust since it has invested $13.3 billion in the company’s shares.

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