10 AI Stocks Gaining Momentum Right Now

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1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 317

Microsoft Corporation (NASDAQ:MSFT) provides AI-powered cloud, productivity, and business solutions, focusing on efficiency, security, and AI advancements. On February 25, Reuters reported that Microsoft has made an undisclosed equity investment in Veeam Software, a privately held information technology company that helps customers recover data after cybersecurity incidents, ransomware attacks, or accidental data loss.

The two will be building artificial intelligence solutions as part of an extended partnership, helping customers protect, recover, and unlock more value from their data. According to Veeam, it will be focusing on research and development investments and design collaboration with Microsoft’s support, while also integrating Microsoft’s AI services into its products.

“AI is transforming every aspect of business. By integrating Microsoft AI with Veeam’s market-leading data resilience solutions, we’re helping customers not only protect their critical data but also unlock new insights and efficiencies across Microsoft 365 and Azure.”

-Jason Graefe, Corporate Vice President, ISV’s & Digital Natives, Microsoft.

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 time frame. 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: 20 Best AI Stock To Buy Now and Complete List of All AI Companies Under $2 Billion Market Cap.

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