5 Stocks Jim Cramer Thinks Are Climbing In This Market

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 289

Cramer believes that companies like Microsoft Corporation (NASDAQ:MSFT) have “special things going for them,” and “things like artificial intelligence” are driving their growth.

At the end of the first quarter, 289 hedge funds were long Microsoft Corporation (NASDAQ:MSFT), with a total stake value of $57.9 billion.

Oppenheimer holds an Outperform rating and a $330 price target on Microsoft Corporation (NASDAQ:MSFT) shares as of May 25.

Microsoft Corporation (NASDAQ:MSFT) has risen by 38.82% year-to-date as of June 2.

Ariel Investments mentioned Microsoft Corporation (NASDAQ:MSFT) in its first-quarter 2023 investor letter:

“Enterprise software provider, Microsoft Corporation (NASDAQ:MSFT) also traded higher in the period alongside the investor enthusiasm for Artificial Intelligence. Microsoft is well positioned as this new technology advances given its large investment in Open AI, the parent company of ChatGPT. Looking ahead, we continue to like Microsoft’s solid fundamentals, competitive positioning and long-term business outlook. We anchor on the company driving value creation by capitalizing on a broad and deep set of opportunities, most notably within Azure, its hybrid cloud infrastructure. The platform continues to demonstrate share gains and strong multi-year purchase intent as enterprises transition to cloud based platforms. At current trading levels, we believe Microsoft’s risk/reward is skewed to the upside.”

See also 10 Junior Growth Stocks Jim Cramer is Talking About and Jim Cramer’s Dividend Aristocrat Stocks.