10 Trending AI Stocks on Wall Street

2. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 284

Microsoft Corporation (NASDAQ:MSFT) is one of the 10 Trending AI Stocks on Wall Street. On July 25, Wedbush reiterated the stock as “Outperform” with a $600 price target. The firm said it is bullish on the stock heading into Microsoft earnings on July 30, anticipating robust Q4 results.

“We are expecting more good news next week from Redmond as we believe Nadella & Co. will deliver another robust quarter on Wednesday after the bell driven by the AI Revolution with all the Street and tech world watching closely.”

Analysts are optimistic that Microsoft is on its path to $4T market cap and then $5 trillion over the next 18 months. Deal conversions for broader enterprise-scale AI deployments have been “accelerating” in the field, backed by the AI Revolution. Moreover, many Microsoft customers are now focused on deploying enterprise use cases across several verticals.

“We strongly view this as Microsoft’s “shining moment” with AI set to change the cloud growth trajectory in Redmond.”

The stock is yet to price in the next wave of cloud and AI growth coming to the Redmond story with a robust, competitive cloud edge.

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