Billionaire Ken Fisher’s Top 5 Stock Picks

2. Microsoft Corporation (NASDAQ:MSFT)

Fisher Asset Management’s Holdings: $7,051,906,000
Percentage of Fisher Asset Management’s Portfolio: 4.27%

Microsoft Corporation (NASDAQ:MSFT) develops, licenses, and supports software, services, devices, and solutions worldwide. Deutsche Bank increased Microsoft’s price target to $340 from $310 and maintained a ‘Buy’ rating on the shares after the Q3 earnings report on April 26.

Billionaire Ken Fisher’s Fisher Asset Management has kept a stake in Microsoft Corporation (NASDAQ:MSFT) since Q4 2010.

Diamond Hill Capital made the following comment about Microsoft Corporation (NASDAQ:MSFT) in its Q1 2023 investor letter:

“We did have several strong performing stocks this quarter. Our top contributors to return included NVR, Amazon, Alphabet, Microsoft Corporation (NASDAQ:MSFT) and Booking Holdings, all of which posted double-digit gains.

Shares of software and IT services provider Microsoft rallied as investors became less cautious about the potential for growth deceleration in Azure, its public cloud business, and more focused on opportunities in search after the company announced an investment in and long-term partnership with OpenAI, the company that developed ChatGPT. Microsoft’s net cash balance sheet also seemed to gain appreciation from investors who became more cautious about the economic cycle.”