Tevogen Bio Partners with Microsoft Corporation (MSFT) to Leverage Advanced AI Tools for Biotech Research in Healthcare

We recently compiled a list of the 10 AI News and Ratings Investors Should Not Miss. In this article, we are going to take a look at where Microsoft Corporation (NASDAQ:MSFT) stands against the other AI stocks in the news.

As demand for AI-powered applications grows, major tech firms are investing in alternative eneergy solutions to support data center requirements. Amazon, for instance, has committed to nuclear energy projects with X-energy and Dominion Energy, focusing on building small modular reactors (SMRs) to meet the intensive energy needs of its data centers while striving for carbon neutrality. This shift to nuclear energy is expected to help the AWS parent reach its net-zero goals by 2040 while managing the escalating power demands driven by AI and cloud services.

Read more about these developments by accessing 10 Best AI Data Center Stocks and 10 Buzzing AI Stocks According to Goldman Sachs.

Meanwhile, Apple has previewed several AI enhancements, including integration with ChatGPT for more advanced on-device tasks, such as text generation and question-answering in iOS 18.1. This addition aligns with its approach to cautiously integrate AI, emphasizing user experience improvements while enhancing privacy through device-based processing. The company’s developments aim to increase iPhone appeal and could impact the smartphone market by encouraging upgrades for new AI capabilities.

Read more about these developments by accessing 30 Most Important AI Stocks According to BlackRock and Beyond the Tech Giants: 35 Non-Tech AI Opportunities.

For this article, we selected AI stocks by combing through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).

A development team working together to create the next version of Windows.

Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 279

Microsoft Corporation (NASDAQ:MSFT) is a Washington-based technology company. On November 5, Tevogen Bio, a New Jersey-based biotech firm, announced that Tevogen AI, the AI department of the company, had partnered with technology titan Microsoft to tap into the advanced AI tools marketed by the latter for biotech research. Just last month, Microsoft announced an array of health-related AI tools, including medical imaging models, a health-care agent service, and an automated documentation solution for nurses. The tools aim to help health-care organizations build AI applications quicker and save clinicians time on administrative tasks.

Overall MSFT ranks 2nd on our list of the AI stocks you should not miss. While we acknowledge the potential of MSFT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than MSFT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

Disclosure: None. This article is originally published at Insider Monkey.