5 Unstoppable Tech Stocks To Buy

2. MicroStrategy Incorporated (NASDAQ:MSTR)

YTD Gains as of April 4: 135.78%

Number of Hedge Fund Holders: 16

MicroStrategy Incorporated (NASDAQ:MSTR) offers artificial intelligence-powered enterprise analytics software and services and develops Bitcoin. Its product offerings include MicroStrategy ONE, MicroStrategy Cloud, MicroStrategy Consulting, and more.

On March 20, TD Cowen analyst Lance Vitanza lowered the price target on MicroStrategy Incorporated (NASDAQ:MSTR) to $1,450 from $1,560 while keeping an Outperform rating. The firm mentioned that the shares are attractive for investors who want Bitcoin exposure and highlighted that the company acquired 9,245 Bitcoins for $623 million.

On March 26, MicroStrategy Incorporated (NASDAQ:MSTR) unveiled MicroStrategy Auto, an AI bot that can be customized and utilized to update business intelligence delivery across its clients’ organizations.

As of April 4, MicroStrategy Incorporated (NASDAQ:MSTR)’s stock is 135.78% higher YTD. The stock was part of 16 hedge funds’ portfolios in the fourth quarter of 2023, with a total stake value of $66.929 million. Balyasny Asset Management is the most dominant shareholder in the company and has a position worth $17.944 million, as of Q4, 2023.

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