5 Safe Stocks To Invest In

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 289

A Buy rating and a $360 price target were maintained on Microsoft Corporation (NASDAQ:MSFT) shares on July 27 by Blair Abernethy at Rosenblatt.

Microsoft Corporation (NASDAQ:MSFT) is another information technology company on our list. It develops, licenses, and supports software, services, devices, and solutions. It is based in Redmond, Washington.

Microsoft Corporation (NASDAQ:MSFT) had 289 hedge funds long its stock in the first quarter. Their total stake value was $57.9 billion.

This is what The Ithaka Group said about Microsoft Corporation (NASDAQ:MSFT) in its second-quarter 2023 investor letter:

“Microsoft Corporation (NASDAQ:MSFT) builds best-in-class platforms and provides services that help drive small business productivity, large business competitiveness, and public-sector efficiency. Microsoft’s products include operating systems, cross-device productivity applications, server applications, software development tools, video games, and business-solution applications. The company also designs, manufactures, and sells devices, including PCs, tablets, and gaming/entertainment consoles that all integrate with Azure, its cloud computing service. In the quarter Microsoft’s stock appreciated on the back of excitement surrounding the company’s positioning in the generative AI market and its ability to monetize the coming wave of corporate investment in supercomputing and AI.”

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