5 Stocks That Will Make You Rich in 2023

Page 5 of 5

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 289

Microsoft Corporation (NASDAQ:MSFT) is one of the best stocks to ride the AI wave. Microsoft Corporation (NASDAQ:MSFT) has gained about 41% year to date through July 7. Analysts believe Microsoft Corporation (NASDAQ:MSFT) still has a lot of room to run as the company is just getting started with its AI launches. Microsoft Corporation (NASDAQ:MSFT)’s partnership with OpenAI, its integration of AI with Bing search engine and Office products and other ambitious AI ventures are expected to bear fruit in the weeks and months to come.

Morgan Stanley’s Keith Weiss recently said in a note that Microsoft Corporation (NASDAQ:MSFT) enjoys a “pole position” in the AI race and is best positioned in the enterprise software space to benefit from the generative AI opportunity.  The analyst upped his 2025 earnings per share estimate for Microsoft Corporation (NASDAQ:MSFT) to $13.84 from $13.59 and also increased his price target for the stock to $415, which implies a $3 trillion market cap for the company.

Microsoft Corporation (NASDAQ:MSFT) is also the most popular stock among the 943 hedge funds tracked by Insider Monkey.

You can also take a peek at 20 Countries with the Best Education and Kim Kardashian Stock Portfolio: 8 Stocks to Consider.

Page 5 of 5