5 Quantum Computing Stocks Billionaires Are Piling Into

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 306

Number of Billionaire Investors: 34

Headquartered in Redmond, Washington, Microsoft Corporation (NASDAQ:MSFT) is a leading technology company that provides a wide array of products. These offerings encompass 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), through its Azure Quantum, also offers a wide range of quantum solutions and technologies. The service is specifically designed to assist quantum chemists and other scientists in rapidly scaling and accelerating their research efforts. Azure Quantum Elements, a component of this service, provides researchers with the tools to make significant strides in chemistry and materials science by leveraging the scale, speed, and precision of the latest advancements in high-performance computing (HPC), artificial intelligence, and quantum computing.

Microsoft Corporation (NASDAQ:MSFT) is extending its longstanding four-year collaboration with Oracle, streamlining the integration of Microsoft Azure’s AI services with the Oracle database for enhanced efficiency. This move, coupled with a robust 29% year-over-year growth in Azure cloud revenues during the fiscal first quarter of 2024, this move highlights Microsoft Corporation (NASDAQ:MSFT)’s leadership in the realm of quantum computing.

In the third quarter of 2023, Microsoft Corporation (NASDAQ:MSFT) stands out as the most favored stock among the 910 hedge funds monitored by Insider Monkey, holding the top position in hedge fund sentiment. A total of 306 hedge funds included shares of this software giant in their portfolios, reflecting a cumulative value of $72 billion.

In its Baron Technology Fund Q3 2023 investor letter, Baron Funds 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.”

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