10 AI Stocks Investors Are Watching Closely

2. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 284

Microsoft Corporation (NASDAQ:MSFT) is one of the 10 AI Stocks Investors Are Watching Closely. On July 16, Mizuho analyst Gregg Moskowitz raised the price target for the stock from $500 to $540, while maintaining an “Outperform” rating. The affirmation comes as part of a Q2 earnings preview for the software group.

According to Mizuho, Q2 checks by the firm have been good overall, characterized by “generally healthy” cybersecurity demand and “very strong” artificial intelligence adoption. However, several contacts have noted that there were a few more delays in deal completions. This may limit fundamental upside in this quarter.

Two of Mizuho’s favourite stocks to own this quarter are Microsoft and Cyberark. This is especially true ahead of the earnings release for the former.

Microsoft Corporation (NASDAQ:MSFT) provides AI-powered cloud, productivity, and business solutions, focusing on efficiency, security, and AI advancements.