10 AI Stocks on Wall Street’s Radar

2. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 284

On June 2nd, Microsoft Corporation (NASDAQ:MSFT) announced that it will be investing $400 million in Switzerland to develop its cloud computing and artificial intelligence infrastructure. The investment was announced at a meeting of Swiss Economy Minister Guy Parmelin and his vice chair Brad Smith in Bern.

The company currently employs up to 1,000 people in Switzerland. However, it did not indicate how many jobs the investment opportunity would create. Microsoft did note that the money would be used to expand and upgrade its four data centers near Geneva and Zurich, responding to increased demand for AI and cloud computing services in Switzerland.

The company will also be expanding its partnership work with small and medium-sized companies and improving training efforts to help people use AI and digital tools.

“Switzerland has created one of the world’s leading innovation ecosystems, blending world-class research with real-world applications.”

-Brad Smith said in a statement.

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