American Politicians are Buying These 5 AI Stocks

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1. Microsoft Corp (NASDAQ:MSFT)

Number of Hedge Fund Investors: 302

Microsoft Corp (NASDAQ:MSFT) is one of the no-brainer AI stocks to invest in.

Microsoft Corp (NASDAQ:MSFT) is the most popular stock among the 933 hedge funds tracked by Insider Monkey as 302 hedge funds had stakes in Microsoft Corp (NASDAQ:MSFT) as of the end of 2023. Congressman Josh Gottheimer on February 13 bought a stake in Microsoft Corp (NASDAQ:MSFT) worth anywhere between $500,000 and $1 million. Since then the stock is up just 0.3%. Republican Congressman Pete Sessions on February 7 also bought a stake in Microsoft Corp (NASDAQ:MSFT).

Ithaka US Growth Strategy stated the following regarding Microsoft Corporation (NASDAQ:MSFT) in its first quarter 2024 investor letter:

“Microsoft Corporation (NASDAQ:MSFT) builds best-in-class platforms and provides services that help drive small business productivity, large business competitiveness, and public-sector efficiency. Microsoft’s products include operating systems, cross-device productivity applications, server applications, software development tools, video games, and business-solution applications. The company also designs, manufactures, and sells devices, including PCs, tablets, and gaming/entertainment consoles that all integrate with Azure, its cloud computing service. In the quarter Microsoft’s stock appreciated based on excitement surrounding the company’s positioning in the generative AI market and its ability to monetize the coming wave of corporate investment in supercomputing and AI, which will be through both Azure and Microsoft Copilot, the company’s new GenAI personal assistant.”

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