5 Near Monopoly Stocks in the US

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1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 269

Microsoft Corporation (NASDAQ:MSFT) is a Washington-based diversified technology corporation that holds a near monopoly position in the desktop operating system (OS) with a market share of 76% as of 2022. The company also holds a significant market share in the cloud computing segment through its Azure offering.

Microsoft Corporation (NASDAQ:MSFT) is now focused on creating the complete video game ecosystem through conventional and cloud mediums as it is in the middle of the $69 billion acquisition of Activision Blizzard, Inc. (NASDAQ:ATVI). The Santa Monica, California-based entity is the biggest video game publisher in the world. This has been widely discussed by the Federal Trade Commission (FTC) during the review of the Microsoft-Activision deal. The deal has also irked Sony Group Corporation (NYSE:SONY), the PlayStation gaming console maker. According to Microsoft Corporation (NASDAQ:MSFT) three billion people play video games currently, and this number will rise to 4.5 billion by the end of this decade.

Carillon Tower Advisers shared its stance on Microsoft Corporation (NASDAQ:MSFT) in its Q3 2022 investor letter. Here’s what the firm said:

“Despite reporting very good quarterly results, Microsoft Corporation (NASDAQ:MSFT) underperformed the overall market in August. Technology stocks in general underperformed in August due to fears over slowing global economic growth, potentially leading to cuts in corporate information technology budgets.”

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You can also take a peek at the Dividend Champions List By Yield and 15 Best NASDAQ Stocks To Buy.

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