ChatGPT Stock Advice: 5 Recent Stock Recommendations

3. Microsoft Corporation (NASDAQ:MSFT)

Microsoft Corporation (NASDAQ:MSFT) ranks 3rd in our list of ChatGPT stock advice and recent stock recommendations. Microsoft Corporation (NASDAQ:MSFT) is also loved by hedge funds. It was the most popular stock among the 910 hedge funds tracked by Insider Monkey as 300 hedge funds reported owning stakes in Microsoft Corporation (NASDAQ:MSFT) as of the end of the June quarter.  The biggest stakeholder of Microsoft Corporation (NASDAQ:MSFT) after Bill Gates’ foundation was TCI Fund Management of Chris Hohn which had a $4 billion stake in the company.

ClearBridge Value Equity Strategy made the following comment about Microsoft Corporation (NASDAQ:MSFT) in its Q2 2023 investor letter:

“We initiated a small position in Microsoft Corporation (NASDAQ:MSFT) during the quarter, which may seem surprising given our concerns about index concentration. However, we seized the opportunity on a compelling entry point below our business value estimate, due to an anticipated acceleration of demand for Microsoft’s Azure cloud business and incremental revenues from integration of Microsoft’s AI Copilot program into its office platform. We believe this could support double-digit growth, while simultaneously solidifying Microsoft’s competitive position as an AI winner. Even as a small position, we believe Microsoft provides a large portfolio construction benefit given low correlation to the rest of the portfolio.”