5 Most Promising AI Stocks According to Hedge Funds

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1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 306

Microsoft Corporation (NASDAQ:MSFT) is a leading tech company that provides AI-integrated platforms, products, and tools like Azure AI.

On December 19, it was announced that Microsoft Corporation (NASDAQ:MSFT) and ASGN Incorporated (NYSE:ASGN) will be collaborating on NextGen artificial intelligence (AI) technologies, including Copilot for Microsoft 365 and Azure OpenAI Service.

On December 19, it was reported that Microsoft Corporation (NASDAQ:MSFT) and Elevat Inc. entered a technical partnership to bring innovation to the Internet of Things (IoT) landscape through Elevat Machine Connect and Microsoft Azure Edge.

Claret Asset Management mentioned Microsoft Corporation (NASDAQ:MSFT) in its Q3 2023 investor letter. Here is what the firm said:

“We have mentioned in the last letter that the “magnificent seven”, including Microsoft Corporation, dominated the performance of the S&P 500. We might have left you with the feeling that we are bearish because we don’t find the Magnificent 7 attractive. Let us make it clear: we are just not so pessimistic as to believe there are only 7 growth opportunities in the entire global equity market. In fact, we are optimists and think opportunity is abundant. Just not in everyone’s current 7 favorite stocks.”

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You can also look at the 15 Best Falling Stocks To Buy Now and the 12 Best Prison and Law Enforcement Stocks to Buy Now.

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