5 Most Promising QQQ Stocks According to Hedge Funds

Page 5 of 5

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 306

Redmond, Washington-based Microsoft Corporation (NASDAQ:MSFT) is a leading technology company with products include operating systems, cross-device productivity applications, server applications, business solution applications, desktop and server management tools, software development tools, and video games.

Microsoft Corporation (NASDAQ:MSFT) is among the leaders in the AI race following its partnership with OpenAI, the creator of Chat GPT – an artificial intelligence powered chatbot. The company is using its AI capabilities to improve its existing products and services including Bing Search, Cloud, as well as its Office Suite.

In its Baron Technology Fund Q3 2023 investor letter, Baron Funds, an investment management company, made the following comments about Microsoft Corporation (NASDAQ:MSFT):

“Looking at the big picture, Microsoft continues to execute at a high level, navigating a challenging macro backdrop while aggressively investing in long-term growth, and we remain confident that Microsoft is well positioned to leverage AI over the medium to long term as it infuses Open AI and other generative AI technologies across its entire product portfolio.”

As of Q3 2023, Microsoft Corporation (NASDAQ:MSFT) ranks highest on our list of 16 most promising QQQ stocks according to hedge funds in terms of hedge fund sentiment. It was the most sought-after stock among the 910 hedge funds tracked by Insider Monkey as 306 of these hedge funds held its shares valued at $72 billion.

You may also like to read 11 Most Promising Metaverse Stocks To Buy According To Hedge Funds and 13 Best Hemp Stocks To Buy Now

Page 5 of 5