5 Stocks That Will Make You Rich in 5-10 Years

1. Microsoft Corp (NASDAQ:MSFT)

Number of Hedge Fund Investors: 306

Microsoft Corp’s (NASDAQ:MSFT) huge investments in AI, its plans to revive its search business, its Cloud computing business along with its huge penetration in the enterprise software space makes it a suitable buy and hold stock for the next 5 to 10 years.  In May last year, Bernstein said that AI could help Microsoft Corp (NASDAQ:MSFT) double its Cloud revenue. Recently, Jim Cramer said in a program that Microsoft Corp (NASDAQ:MSFT) remains the “undisputed leader” in AI.

Wedbush’s Dan Ives recently said Microsoft Corp’s (NASDAQ:MSFT) “iPhone moment” has arrived, referring to Copilot. Ives increased his price target on MSFT stock to $450 from $425.

“Over the next 3 years, over 60% of its MSFT installed base will ultimately be on this AI functionality for the enterprise/ commercial which changes the landscape for Nadella & Co going forward,” Ives said.

The analyst thinks Copilot could add $25 billion to Microsoft Corp’s (NASDAQ:MSFT) top line by 2025.

In its fourth quarter 2023 investor letter, ClearBridge Dividend Strategy stated the following regarding Microsoft Corporation (NASDAQ:MSFT):

“Microsoft Corporation (NASDAQ:MSFT) is the largest holding in our portfolio. Given its partnership with OpenAI and leading position in the cloud, Microsoft is well-positioned to profit from the boom in AI. However, due to Microsoft’s tremendous scale and diversification, the company is not dependent upon AI for its success. Microsoft’s diverse portfolio of software and cloud offerings ensures the company will thrive even if the next hot thing, like AI, fizzles out. In this way, Microsoft is emblematic of our broader investing approach. We seek to benefit from powerful trends, but we do so with an eye toward managing risk and limiting downside in case the future turns out to be less rosy than hoped for.”

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