10 AI Stocks Making Waves on Wall Street

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1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 294

Microsoft Corporation (NASDAQ:MSFT) is one of the 10 AI Stocks Making Waves on Wall Street. On October 22, UBS maintained its “Buy” rating on the stock with a $650.00 price target. The firm has maintained its rating driven by positive momentum in the company’s Azure cloud business.

According to the analysts, investors are focused on Microsoft’s Azure unit delivering an estimated 39% revenue growth in the quarter that ended September. It also forecasts that Microsoft will guide for a modest deceleration to 37-38% growth for Azure in the second quarter ending December.

Moreover, the risk/reward profile for near-term Azure growth “skews positive,” and feedback from enterprise customers and partners has also improved.

“In our view, the investor bogey is for c/c Azure growth of 39% for 1Q/Sept, a 2-point beat, and guidance for a modest deceleration to 37–38% growth in 2Q/Dec. In our view, the risk/reward on near-term Azure growth skews positive. As we outlined in our accompanying quarterly Cloud Infra preview report, the tone from enterprise customers and partners has improved again, with large Azure partners citing accelerating growth trends.”

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

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 have limited downside risk. If you are looking for an AI stock that is more promising than MSFT and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 AI Stocks in the Spotlight Today and 10 AI Stocks Analysts Are Tracking Closely.

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