10 Trending AI Stocks on Wall Street Right Now

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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 Wall Street Right Now. On June 23, Truist Securities analyst Joel P. Fishbein Jr reiterated a Buy rating on the stock with a $600.00 price target. According to the firm, Microsoft has been making significant moves to maintain its early lead in the enterprise AI race.

The company is a key beneficiary of AI adoption, particularly backed by its partnership with OpenAI.

Fishbein believes that the company’s advantage lies in both its infrastructure layer in the Azure cloud computing business and the application layer with its Copilots. As such, Microsoft may pursue several initiatives that will help it succeed in the AI space in both the near and long term.

As these initiatives translate into financial gains, they will undoubtedly push Microsoft shares higher.

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 AI Stocks in the Spotlight.

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