Top 10 Blue Chip AI Stocks to Buy According to Billionaire Cliff Asness

3. Microsoft Corporation (NASDAQ:MSFT)

AQR Capital Management Equity Stakes: $1.77 Billion

Number of Hedge Fund Holders: 317

Microsoft Corporation (NASDAQ:MSFT) is a technology company that develops, licenses, and supports a wide range of software products, services, and hardware. It is also a big player in the burgeoning cloud computing sector. It also invests in artificial intelligence to develop capabilities to strengthen its software products and cloud offerings.

The tech giant has invested close to $14 billion in OpenAI as it looks to gain access to crucial AI features and solutions. It has already integrated some Bing search engine solutions into its AI strategy. Microsoft Corporation (NASDAQ:MSFT) intends to spend $80 billion on AI-enabled data centres in fiscal 2025 in order to train AI models.

With cloud-based solutions that enable enterprise clients to create, train, and implement custom AI models, AI has also revolutionized the company’s Azure segment. The segment is one of the fastest growing and expected to generate significant long-term value. Microsoft Corporation’s (NASDAQ:MSFT) revenue increased by a strong 12% year over year in the fiscal second quarter, while profits per share (EPS) increased by 10%. The AI industry’s progress, which includes a 21% rise in server and cloud service revenue, affirmed the company’s heightened AI investments.