8 Best Dow Stocks To Buy According to Hedge Funds

2. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 293

Microsoft Corporation (NASDAQ:MSFT) is a world-renowned developer and provider of software, services, devices, and solutions. Microsoft Corporation (NASDAQ:MSFT) was held by 293 hedge funds in the first quarter and the stakes amounted to $88.16 billion. Bill & Melinda Gates Foundation Trust is the top shareholder of the company and has a position worth $15.356 billion as of the first quarter, representing 33.48% of the portfolio.

On May 22, Microsoft Corporation (NASDAQ:MSFT) announced that, in collaboration with AI firm G42, it will build a data center in Kenya worth $1 billion. Under the partnership, the companies will work with local firms for the development and research of a local language AI model, construct an East Africa Innovation Lab, and work with the local government.

Vulcan Value Partners stated the following regarding Microsoft Corporation (NASDAQ:MSFT) in its first quarter 2024 investor letter:

“Microsoft Corporation (NASDAQ:MSFT) is the world’s largest software company with a broad range of offerings including Microsoft office, gaming, Azure cloud computing, LinkedIn, and more. It was a material contributor for the second consecutive quarter, and we discussed it at length in last quarter’s letter. The company continues to execute well.”

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