In this article, we discuss 10 metaverse stocks billionaires are loading up on.

The concept of the metaverse gained significant attention during the years 2021-2022, with a major contributing factor being Facebook’s announcement to rebrand itself as “Meta.” This move by Facebook led to increased interest and discussions surrounding the metaverse. The global metaverse industry is projected to experience an annual growth rate of 44.8% and reach a value of $205.3 billion by 2023. Over the forecast period of 2023-2030, the metaverse industry is expected to exhibit a steady growth trajectory, with a compound annual growth rate (CAGR) of 33.5%. Despite the anticipated widespread adoption among consumers not yet being realized, major technology companies are persistently investing billions of dollars into the market, considering it the next significant innovation and the future of the internet.

Extended Reality (XR) represents a frontier of emerging technologies that are coming together to shape the future metaverse. This metaverse is envisioned as an immersive and interconnected 3D world, where virtual reality, augmented reality, artificial intelligence, blockchain, and cryptocurrencies will redefine various aspects of life, including work, social interactions, and leisure activities. KPMG recently cited David Whelan, CEO of Engage – a virtual world and metaverse company in the enterprise and education space:

“By the time you take a 5-minute walk down a virtual city road, we’re going to know what your sexual preference is, what your favorite color is, what brands you associate yourself with – and this is without you even saying a word by utilizing eye tracking and biometric data. This is some of the type of data that’s emerging from immersive technologies, which I know is a scary concept and is something that’s going to need to be regulated. The real issue is regulation is always 10 years behind the tech.”

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Pew Research Center and Elon University’s Imagining the Internet Center conducted a study where they surveyed 624 technology experts, including innovators, developers, business leaders, researchers, and activists. The survey sought their predictions and insights on the trajectory and impact of the metaverse by the year 2040. These experts provided open-ended responses to offer their perspectives on the future of the metaverse. First, a significant portion of the surveyed experts believe that by 2040, the integration of extended reality into people’s daily lives will primarily revolve around augmented reality and mixed reality tools, rather than the more immersive virtual reality experiences commonly associated with the metaverse. Second, these experts cautioned that these new digital worlds have the potential to amplify various human traits and behaviors, both positive and negative. They expressed particular concerns about the control wielded by those who govern these systems, as it could restrict individual agency, impede self-fulfillment, and limit human potential. 

As the metaverse industry continues to expand and attract investments, billionaires are positioning themselves to reap the benefits of this growth. Billionaires are showing strong interest in metaverse stocks such as Meta Platforms, Inc. (NASDAQ:META), Microsoft Corporation (NASDAQ:MSFT), and NVIDIA Corporation (NASDAQ:NVDA).

Our Methodology 

Insider Monkey tracks billionaire-owned stocks and in this article, we selected the metaverse stocks that attracted the highest number of billionaire investors during the first quarter of 2023. We have also mentioned the overall hedge fund sentiment towards each stock as of Q1 2023. The following companies play a significant role in supporting and advancing the development of the metaverse.

These firms were chosen from technology and software, gaming and entertainment, cloud computing and infrastructure, e-commerce and retail, fintech, advertising and marketing, and social media and communication sectors, attracting the highest number of billionaire investors.

Metaverse Stocks Billionaires Are Loading Up On

10. Baidu, Inc. (NASDAQ:BIDU)

Number of Hedge Fund Holders: 43

Number of Billionaire Investors: 8

Baidu, Inc. (NASDAQ:BIDU) is a Chinese technology company primarily known for its internet-related services and products, including its search engine. Baidu, Inc. (NASDAQ:BIDU) is actively working on developing XiRang, a network of technological capabilities aimed at supporting the growth of the metaverse. In December 2022, Baidu organized its AI Developer Conference within a virtual world called Creator City, which was built on the XiRang platform. This virtual environment allowed participants to engage in a futuristic setting created by Baidu, highlighting the company’s efforts in advancing the metaverse concept. Baidu, Inc. (NASDAQ:BIDU) is one of the top metaverse stocks attracting the interest of billionaires. In Q1 2023, 8 billionaire portfolios held shares of Baidu, Inc. (NASDAQ:BIDU), including Steve Cohen of Point72 Asset Management.

On May 17, Loop Capital analyst Rob Sanderson kept a Buy rating and a $215 price target on Baidu, Inc. (NASDAQ:BIDU) following its Q1 results. Baidu’s financial performance exceeded expectations, with a 4% higher revenue than anticipated and an operating profit that was 26% higher than consensus estimates. The company’s advertising revenue growth showed improvement, accelerating to 6% compared to negative growth in each quarter of the previous year. The analyst also highlighted that Baidu’s user growth was strong, and its cloud segment achieved non-GAAP profitability for the first time.

According to Insider Monkey’s first quarter database, 43 hedge funds were bullish on Baidu, Inc. (NASDAQ:BIDU), up from 40 funds in the last quarter.

9. Roblox Corporation (NYSE:RBLX)

Number of Hedge Fund Holders: 37

Number of Billionaire Investors: 9

Roblox Corporation (NYSE:RBLX) is a leading global platform for creating, sharing, and playing user-generated games and experiences. Roblox Corporation has been at the forefront of creating a metaverse-like experience for its users. In Q1 2023, 9 billionaires were bullish on Roblox Corporation (NYSE:RBLX) as a leading metaverse player.

On May 11, Needham analyst Bernie McTernan maintained a Buy rating on Roblox Corporation (NYSE:RBLX) but lowered the firm’s price target on the shares to $48 from $53 after its Q1 results. McTernan mentioned that the higher developer exchange fees reported in Q1, along with new comments regarding fixed cost growth, influenced the revised price target. However, the analyst also noted that the company’s recent statements about expecting bookings growth to outpace infrastructure spending growth starting in Q3 should alleviate investor concerns about fixed costs in the medium term.

According to Insider Monkey’s first quarter database, 37 hedge funds were bullish on Roblox Corporation (NYSE:RBLX), up from 29 funds in the earlier quarter. Billionaire Ken Griffin’s Citadel Investment Group held a $95 million stake in the company.

SaltLight Capital Management made the following comment about Roblox Corporation (NYSE:RBLX) in its Q4 2022 investor letter:

“We’ve used this incremental capital strategy with some of our ‘early-stage’ investments such as Roblox Corporation (NYSE:RBLX), Purple Group, Transaction Capital and Karooooo (Cartrack).

Today, we would like to discuss one of our early-stage investments, Roblox. While there is a risk that we may be premature, mistaken, or even wrong in our evaluation of this opportunity, we see Roblox as a company with the potential to ‘matter’.

Roblox is a 3D real-time content platform that bridges consumers and creators. Instead of being a conventional gaming product, Roblox acts as a tool provider that democratises the creation of 3D real-time user-generated content (UGC)…” (Click here to read the full text)

8. Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Number of Hedge Fund Holders: 52

Number of Billionaire Investors: 10

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) creates, releases, and promotes interactive entertainment solutions worldwide. The company can leverage its existing assets, technology, and intellectual properties to create metaverse-related experiences. During the first quarter of 2023, Take-Two Interactive Software, Inc. (NASDAQ:TTWO) was included in the investment portfolios of 10 billionaires. 

On June 2, Deutsche Bank increased its price target for Take-Two Interactive Software, Inc. (NASDAQ:TTWO) to $155 from $120 while maintaining a Hold rating on the shares. According to the firm’s research note, Take-Two Interactive Software, Inc. (NASDAQ:TTWO)’s long-term guidance has improved the overall outlook, and the most profitable opportunities have already been capitalized upon.

According to Insider Monkey’s first quarter database, 52 hedge funds were long Take-Two Interactive Software, Inc. (NASDAQ:TTWO), compared to 53 funds in the prior quarter. Billionaire Chase Coleman’s Tiger Global Management is a prominent stakeholder of the company, with 2.4 million shares worth $286.3 million. 

Similar to Meta Platforms, Inc. (NASDAQ:META), Microsoft Corporation (NASDAQ:MSFT), and NVIDIA Corporation (NASDAQ:NVDA), Take-Two Interactive Software, Inc. (NASDAQ:TTWO) is among the preferred choices of billionaires when it comes to investing in the metaverse.

Diamond Hill All Cap Select Strategy made the following comment about Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in its Q4 2022 investor letter:

“Video game developer Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has faced weakness in the mobile gaming market, in addition to game-launching delays. The company reported underwhelming quarterly results in Q4 and lowered its full-year guidance. After reexamining our long-term thesis, we decided to exit our position in favor of more attractive opportunities.”

7. Autodesk, Inc. (NASDAQ:ADSK)

Number of Hedge Fund Holders: 57

Number of Billionaire Investors: 11

Autodesk, Inc. (NASDAQ:ADSK) offers a wide range of software solutions that are commonly used in architecture, engineering, and entertainment industries. These software tools, such as AutoCAD, Revit, Maya, and 3ds Max, are utilized for designing, modeling, and animating 3D assets and environments. These capabilities can be valuable for creating virtual environments and assets within the metaverse. It is one of the top metaverse stocks billionaires are loading up on. Autodesk, Inc. (NASDAQ:ADSK) was found in 11 billionaire portfolios at the end of March 2023. 

On May 23, Citi analyst Tyler Radke maintained a Buy rating on Autodesk, Inc. (NASDAQ:ADSK) but decreased the price target on the shares to $241 from $265. The analyst expressed a more cautious outlook in the near term due to macroeconomic uncertainties and concerning signals from Citi’s resellers survey. The survey indicates the weakest achievement in terms of acceleration and observed growth rates in quite some time. 

According to Insider Monkey’s first quarter database, 57 hedge funds were bullish on Autodesk, Inc. (NASDAQ:ADSK), compared to 54 funds in the prior quarter. Billionaire Ken Griffin’s Citadel Investment Group is a prominent stakeholder of the company, with 668,652 shares worth $139 million. 

Arch Capital made the following comment about Autodesk, Inc. (NASDAQ:ADSK) in its Q3 2022 investor letter:

“Let’s look at a specific example. One of our portfolio companies is Autodesk, Inc. (NASDAQ:ADSK), a construction/engineering/architecture software business with an incredible moat. Our cost basis on the stock is $230. Shares traded as high as $340 in 2021 but today are down around $200. With this declining share price, Autodesk management has been able to take the healthy free cash flow it generates and retire some of its shares outstanding at an accelerated rate.

At the beginning of 2022, Autodesk had approximately 220 million shares outstanding. Today, that number is down to around 216 million, and we expect this number to continue to drop over the next few years as the company ramps up its free cash flow generation. This reduction in share count will juice growth in free cash flow per share, which will determine what returns we get owning Autodesk over the long haul. The lower the stock drops, the faster Autodesk’s share count drops, all else equal.”

6. Adobe Inc. (NASDAQ:ADBE)

Number of Hedge Fund Holders: 99

Number of Billionaire Investors: 18

Adobe Inc. (NASDAQ:ADBE) is a software company renowned for its creative tools and digital experience solutions. Many of its existing products, like Photoshop, Illustrator, After Effects, Premiere Pro, and Dimension, are commonly used in the creation of digital content, making them applicable to the development of the metaverse. These tools empower developers, artists, and content creators to produce assets, graphics, animations, and visual effects specifically for the metaverse. Similarly, Adobe Inc. (NASDAQ:ADBE)’s Substance suite, which includes Substance Painter and Substance Designer, offers robust capabilities for designing and texturing 3D models, making it valuable for creating assets and environments within the metaverse. It is one of the top metaverse stocks favored by billionaires. In the March quarter, 18 billionaires were long Adobe Inc. (NASDAQ:ADBE), including Cliff Asness of AQR Capital Management. 

On June 2, Bank of America increased its price target for Adobe Inc. (NASDAQ:ADBE) to $480 from $400 while maintaining a Neutral rating on the shares. This adjustment comes after BofA hosted discussions with creative professionals regarding trends in the digital content design software market, which left them with a positive outlook. The higher price target reflects expectations of both peer multiple expansion and a favorable view of Adobe’s new artificial intelligence features and market dominance. However, BofA continues to have a Neutral rating on the shares due to concerns related to the impact of the Figma deal. 

According to Insider Monkey’s first quarter database, 99 hedge funds were bullish on Adobe Inc. (NASDAQ:ADBE), with collective stakes worth $7.3 billion, compared to 99 funds in the prior quarter worth $8.3 billion. 

Like Meta Platforms, Inc. (NASDAQ:META), Microsoft Corporation (NASDAQ:MSFT), and NVIDIA Corporation (NASDAQ:NVDA), Adobe Inc. (NASDAQ:ADBE) is a prominent metaverse stock favored by billionaires. 

Polen Focus Growth Strategy made the following comment about Adobe Inc. (NASDAQ:ADBE) in its Q1 2023 investor letter:

“One area we are watching regarding Alphabet and Adobe Inc. (NASDAQ:ADBE) is AI systems and their capabilities, including generative AI. Interestingly, both Adobe and Alphabet could see benefits or threats from the emergence of generative AI and large language models (LLMs). Both companies already use generative AI to the benefit of their users in anticipating how content creators edit their work (Adobe) and in how search results are anticipated and generated (Google). At the same time, breakthrough technologies like AI can open the door to additional competition and/or impact a company’s profitability levels. We now see AI systems others are developing, including LLMs and generative AI offerings, that could be more competitive in the future. While we think it remains early days for ChatGPT and the capabilities of these types of LLMs and generative AI programs like DALL-E, the technology seems to be progressing at a fast rate and will at least require a strong response from incumbents.

As of now, we believe Alphabet and Adobe are leaders in their own right in these areas and have a clear path to improving their existing offerings with AI advancements, which would allow them to be net beneficiaries of AI. There are also significant barriers to building leading AI offerings in these areas. As a result, our position sizes in Adobe and Alphabet remain sizable. For Adobe, the status of its pending $20 billion-plus Figma acquisition is also uncertain. There is a good chance, in our view, that it will be blocked by regulators, which would mean the future opportunity to expand its offerings to the developer community (beyond designers) may not occur.”

5. Advanced Micro Devices, Inc. (NASDAQ:AMD)

Number of Hedge Fund Holders: 91

Number of Billionaire Investors: 19

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a prominent semiconductor company known for its CPUs and GPUs, which are crucial components in powering and rendering graphics-intensive applications, including those found in the metaverse. In the first quarter of 2023, Advanced Micro Devices, Inc. (NASDAQ:AMD) was found in the investment portfolios of 19 billionaires. 

On May 31, BofA raised the firm’s price target on Advanced Micro Devices, Inc. (NASDAQ:AMD) to $135 from $120 and maintained a Neutral rating on the shares. The increased price target is attributed to a rising sector multiple. However, BofA’s Neutral rating is influenced by two factors. Firstly, there are headwinds in the x86 total addressable market, which may impact AMD’s growth potential. Secondly, BofA noted that AMD’s data center GPU portfolio is still in the early stages of development, suggesting that it may take time to fully capitalize on this market.

According to Insider Monkey’s first quarter database, 91 hedge funds were long Advanced Micro Devices, Inc. (NASDAQ:AMD), compared to 97 funds in the prior quarter. Billionaire Philippe Laffont of Coatue Management is a significant position holder in the company, with 8.5 million shares worth $833.7 million. 

Horizon Kinetics made the following comment about Advanced Micro Devices, Inc. (NASDAQ:AMD) in its Q1 2023 investor letter:

“It is among what are considered to be the great technology companies, like Advanced Micro Devices, Inc. (NASDAQ:AMD) and Intel, that one is apt to see some of the greatest confusion between short-term financial results and share price movements, on the one hand, and long-term financial results. The former are exceedingly difficult to predict. Long term results are relatively easy to predict, because they are bound by the limiting realities of the business model. In the case of AMD, that is the business of being a large-scale semiconductor manufacturer with a more dominant competitor that has a scale economy advantage.

Here’s what people see, remember and act upon. In the past several years, AMD has been the best performing major technology stock. It outperformed Apple, Amazon, Google, Meta (Facebook) and Nvidia…” (Click here to read the full text)

4. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 132

Number of Billionaire Investors: 22

NVIDIA Corporation (NASDAQ:NVDA) is a leading technology company known for its graphics processing units (GPUs) and related technologies that are widely used in various industries, including gaming, artificial intelligence, and virtual reality. NVIDIA Corporation (NASDAQ:NVDA)’s GPUs are highly regarded for their top-notch graphics rendering capabilities, computational power, and real-time performance. These attributes are essential for delivering immersive and visually stunning experiences in the metaverse. In the first quarter of 2023, 22 billionaires were bullish on NVIDIA Corporation (NASDAQ:NVDA), including Rajiv Jain of GQG Partners.  

On May 25, Morgan Stanley raised the firm’s price target on NVIDIA Corporation (NASDAQ:NVDA) to $450 from $304 and kept an Overweight rating on the shares. According to the analyst, Nvidia’s guidance for the July quarter suggests a remarkable performance that surpasses their previous expectations, reaching revenue levels that were initially anticipated for early 2025. The analyst further noted that the significant surge in AI spending is yielding positive results much earlier than anticipated.

According to Insider Monkey’s first quarter database, 132 hedge funds were bullish on NVIDIA Corporation (NASDAQ:NVDA), up from 106 funds in the earlier quarter. 

Alger Spectra Fund made the following comment about NVIDIA Corporation (NASDAQ:NVDA) in its Q1 2023 investor letter:

“NVIDIA Corporation (NASDAQ:NVDA) is a leading supplier of graphics processing units (GPUs) for a variety of end markets, such as gaming, PCs, data centers, virtual reality and high-performance computing. The company is leading in most secular growth categories in computing, and especially artificial intelligence and super-computing parallel processing techniques for solving complex computational problems. Simply put. Nvidia’s computational power is a critical enabler of Al and therefore critical to Al adoption, in our view. As such, we believe Nvidia is a long-term high unit volume growth opportunity. During the period, NVIDIA reported fiscal fourth-quarter results that met expectations, as the company navigated. through an inventory correction associated with the broad macroeconomic slowdown. Moreover, management gave fiscal year earnings guidance that was better than analyst estimates, noting strong year-over-year growth in gaming and data centers. Management’s constructive assessment of 2023 prospects. coupled with the rapid rollout and adoption of generative Al offerings, led to positive share price performance.”

3. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 173

Number of Billionaire Investors: 24

As the metaverse evolves and virtual economies emerge, there will likely be a need for secure, efficient, and seamless payment solutions within these digital realms. Visa Inc. (NYSE:V)’s infrastructure and experience in facilitating electronic transactions could potentially be leveraged to support transactions and digital commerce within the metaverse. It is one of the top metaverse stocks preferred by billionaires. 

Following Visa Inc. (NYSE:V)’s mid-quarter update on monthly fiscal Q3 operating metrics through May 28, Bank of America characterized the update as “modestly positive for shares” in light of ongoing concerns regarding consumer spending. The analyst highlighted the noteworthy metric of travel-related cross-border volume growth, excluding intra-Europe transactions, which accelerated to 139% of 2019 levels in May compared to 131% in April. The analyst maintains a positive outlook on Visa Inc. (NYSE:V), citing the company’s business model quality, resilience during economic downturns, favorable long-term trends, and a valuation that is considered reasonable. BofA reiterated a Buy rating on Visa Inc. (NYSE:V) shares and set a price target of $270.

According to Insider Monkey’s first quarter, 173 hedge funds were bullish on Visa Inc. (NYSE:V), compared to 177 funds in the prior quarter. Billionaire Chris Hohn’s TCI Fund Management is the largest stakeholder of the company, with 19.3 million shares worth $4.3 billion. 

Polen Global Growth Strategy made the following comment about Visa Inc. (NYSE:V) in its Q1 2023 investor letter:

“We trimmed Mastercard and Visa Inc. (NYSE:V) to equal weights of the Portfolio. Mastercard and Visa operate as a duopoly in a large and growing market. Over the last 50 years, global personal consumer expenditures (PCE) has grown 7-9% annualized. We expect 4-5% long-term PCE growth going forward. Additionally, the shift from cash to credit continues unabated, with a total credit penetration of only approximately 50% globally.3 This shift provides Visa and Mastercard with another ~4-6% of growth. When combined with PCE, this gives both companies high-single-digit to low-double[1]digit revenue growth opportunities. This growth estimate is before accounting for growth amplifiers like the acceleration of e[1]commerce, the shift from offline to online, and additional services. Both companies enjoy extremely strong network effects that provide strong competitive advantages.

We have trimmed Visa and Mastercard because their combined weight grew to over 12% of the Global Growth Portfolio because of their recent performance and to fund our increase in Amazon’s position size. We added to both positions when their prices were depressed due to cross-border transactions deteriorating materially from the pandemic. Cross-border volumes came roaring back when travel corridors reopened, and although we are several quarters removed from the cross-border nadir, Visa still grew volumes >30% in 1Q23. Total cross-border volumes are now 132% of 2019 levels. At 4.5% each, both companies remain high conviction positions for Global Growth.”

2. Meta Platforms, Inc. (NASDAQ:META)

Number of Hedge Fund Holders: 220

Number of Billionaire Investors: 26

Meta Platforms, Inc. (NASDAQ:META) has expressed its commitment to shaping the future of computing and connectivity by investing in technologies that enable immersive and interactive experiences. Given Meta Platforms, Inc. (NASDAQ:META)’s extensive user base and technological resources, it has the potential to play a significant role in the development of the metaverse. Meta is among the highly favored stocks by billionaires who hold a positive outlook on the metaverse.

On May 23, Piper Sandler analyst Thomas Champion maintained an Overweight rating on Meta Platforms, Inc. (NASDAQ:META) and set a price target of $270 after conducting a thorough analysis of the company’s artificial intelligence (AI) capabilities. Following the examination, the analyst holds a more positive view of Meta’s position in the digital advertising and AI sectors. Despite Meta’s focus on the Metaverse, its AI initiatives are expected to yield revenue share gains in 2023 and 2024, helping the company regain ground lost after the implementation of Apple’s app tracking transparency. Piper Sandler continues to consider Meta Platforms, Inc. (NASDAQ:META) as its top choice in the digital advertising space.

According to Insider Monkey’s first quarter database, 220 hedge funds were long Meta Platforms, Inc. (NASDAQ:META), compared to 194 funds in the prior quarter. Billionaire Philippe Laffont’s Coatue Management is one of the largest stakeholders of the company, with a position worth $1.70 billion. 

Artisan Value Fund made the following comment about Meta Platforms, Inc. (NASDAQ:META) in its Q1 2023 investor letter:

“Our top contributors in Q1 were Meta Platforms, Inc. (NASDAQ:META), Warner Bros Discovery (WBD) and FedEx. Following sharp declines in 2022, shares of Meta Platforms have more than doubled since their early November 2022 lows. Last year’s drawdown created a highly favorable risk-reward, which we took advantage of by adding to our position. Management has wisely, in our view, recalibrated its spending plans to focus on profitability amid a weaker advertising environment, increased TikTok competition and Apple’s privacy changes. While investors got ahead of themselves back in 2021, extrapolating pandemic growth rates into the future, Meta is still a highly successful enterprise generating over $120 billion of revenue annually on a run-rate basis and has more than $40 billion in cash on its balance sheet to help it navigate its future course. Recent usage and engagement trends for Facebook and Instagram have been positive, and Reels—Meta’s answer to TikTok—is gaining traction.”

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 289

Number of Billionaire Investors: 33

Microsoft Corporation (NASDAQ:MSFT) possesses a diverse range of products and services that have the potential to contribute to the development and utilization of the metaverse. The Azure cloud computing platform offered by Microsoft furnishes the necessary infrastructure and services to support the operational aspects of metaverse applications. Moreover, Microsoft Corporation (NASDAQ:MSFT)’s Mixed Reality platform, which encompasses devices like HoloLens and Windows Mixed Reality headsets, can facilitate augmented reality (AR) and virtual reality (VR) experiences within the metaverse. Additionally, Microsoft’s suite of productivity tools, including Office 365 and Teams, holds the possibility of being integrated into the metaverse, thereby enabling collaboration, communication, and content creation among metaverse users. Microsoft Corporation (NASDAQ:MSFT) is regarded as one of the leading stocks in the metaverse, garnering significant attention from billionaires. As of Q1 2023, 33 billionaires held long positions in the company. 

On June 2, Evercore ISI analyst Kirk Materne increased the price target on Microsoft Corporation (NASDAQ:MSFT) to $400 from $337 and maintained an Outperform rating on the shares. The analyst argued that Microsoft Corporation (NASDAQ:MSFT) is uniquely positioned to capitalize on the shift to AI in the coming years. In a bullish scenario, Evercore predicts that the integration of AI throughout Microsoft’s product portfolio could result in a potential $100 billion increase in revenue by 2027.

According to Insider Monkey’s first quarter database, 289 hedge funds were bullish on Microsoft Corporation (NASDAQ:MSFT), compared to 259 funds in the earlier quarter. Billionaire Bill Gates’ Bill & Melinda Gates Foundation Trust is the largest Microsoft stakeholder, with a position worth $11.3 billion. 

Ariel Global Fund made the following comment about Microsoft Corporation (NASDAQ:MSFT) in its Q1 2023 investor letter:

“Enterprise software provider, Microsoft Corporation (NASDAQ:MSFT) also traded higher in the period alongside the investor enthusiasm for Artificial Intelligence. Microsoft is well positioned as this new technology advances given its large investment in Open AI, the parent company of ChatGPT. Looking ahead, we continue to like Microsoft’s solid fundamentals, competitive positioning and long-term business outlook. We anchor on the company driving value creation by capitalizing on a broad and deep set of opportunities, most notably within Azure, its hybrid cloud infrastructure. The platform continues to demonstrate share gains and strong multi-year purchase intent as enterprises transition to cloud based platforms. At current trading levels, we believe Microsoft’s risk/reward is skewed to the upside.”

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Disclosure: None. 10 Metaverse Stocks Billionaires Are Loading Up On is originally published on Insider Monkey.