10 Trending AI Stocks on News and Ratings

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1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 284

Microsoft Corporation (NASDAQ:MSFT) is one of the 10 Trending AI Stocks on News and Ratings. On July 2, DA Davidson analyst Gil Luria raised the price target on the stock to $600 from $500, maintaining a “Buy” rating. The firm reiterated the stock as its top mega-cap pick, quoting how Microsoft is doing a great job extending Azure and helping it stay ahead in artificial intelligence.

According to the firm, Azure can continue gaining market share while improving margins by balancing data center expansion with offloading compute capacity. It further highlighted through evidence how Azure is performing better than competitors AWS and Google Cloud in the cloud computing arena.

Overall, Microsoft’s cloud business has been a major growth driver for the company, with its Azure business being particularly important in its overall business strategy.

“Microsoft remains our top mega cap pick as it executes Azure growth to extend its lead in AI,” wrote analyst Gil Luria, adding that by “balancing its data center buildout with offloading compute capacity,” Azure is well-positioned to continue gaining share while preserving margins.

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 Getting Wall Street’s Attention and 10 Buzzing AI Stocks on Wall Street Right Now.

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