In this article, we discuss 11 best artificial intelligence stocks to buy now.
Artificial intelligence is defined as the intelligence displayed by machines, while natural intelligence is the term coined for the intelligence demonstrated by humans. Over the years, AI has developed multiple applications such as search engines, recommendation systems, and self-driving cars, along with the capability of machines to understand human speech in personal assistants such as Siri and Cortana.
As an academic discipline, artificial intelligence was founded in the 1950s after Alan Turing’s “I propose to consider the question ‘can machines think’?” in the academic journal “Mind”. However, major advancements came decades later.
According to Allied Market Research, the global artificial intelligence market was worth $65.48 billion in 2020 and is expected to grow to $1.58 trillion by 2030 at a CAGR of 38%. While other industries saw a setback due to the pandemic, AI is one sector which the World Health Organization emphasized as an important tool for the future. After COVID-19, the global artificial intelligence funding was doubled to $66.8 billion in 2021, and 65 AI companies reached a valuation of more than $1 billion. According to CB Insights, the venture funding towards AI increased by 142% on a YoY basis to $93.3 billion in Europe, with most of the concentration in England. In the same year, the UK government also released a 10-year plan to boost AI development.
According to a report, the US is the top country in the assessment of investor friendliness within the AI space. Between 2016 and 2021, 8,300 deals were recorded in the US, followed by China with 2,500 AI deals. During the same period, over 58,000 AI-related patents were registered in the US.
Microsoft Corporation (NASDAQ:MSFT), Amazon.com, Inc. (NASDAQ:AMZN), and Alphabet Inc. (NASDAQ:GOOGL) are some of the major companies working in the artificial intelligence space.
Our Methodology
After a careful assessment of the artificial intelligence sector, we chose the 11 best stocks that have adopted AI in their operations or based their business model upon AI. The companies were chosen according to their financial history, balance sheet position, and future growth prospects.
The companies were listed according to their hedge fund sentiment as of the first quarter of 2022, which was taken from Insider Monkey’s database of 912 elite hedge funds.
Best Artificial Intelligence Stocks To Buy Now
11. EPAM Systems, Inc. (NYSE:EPAM)
Number of Hedge Fund Holders (Q1): 38
EPAM Systems, Inc. (NYSE:EPAM) is a Pennsylvania-based company that focuses on digital platform engineering and software development services. The company also has an AI-based platform for IT operations and workforce management called TelescopeAI®.
According to its Q2 reports, EPAM Systems, Inc. (NYSE:EPAM) outperformed its EPS estimates by $0.67. Revenue was up 36.2% on a YoY basis to $1.2 billion and $300 million more than the previous quarter. The Wall Street revenue forecast was beaten by $80 million. For Q3 2022, the company expects revenues of at least $1.21 billion vs the street consensus of $1.18 billion. The non-GAAP EPS is expected to be $2.48, while the estimates stand at $1.99. Moreover, as of June 30, EPAM Systems, Inc. (NYSE:EPAM) had cash and cash equivalents of $1.29 billion and generated free cash flows of $59.4 million. The operating cash flow was recorded at $77.5 million and the company’s long-term debt stood at $30.2 million.
On August 9, Susquehanna analyst James Friedman reaffirmed a Positive rating on EPAM Systems, Inc. (NYSE:EPAM)’s shares and raised his price target to $496 from $370. The analyst noted that the company’s utilization was better than feared for the second quarter. Furthermore, he added that the company’s net headcount remained flat despite 50% of the company personnel based in Russia.
EPAM Systems, Inc. (NYSE:EPAM) is a key player in the artificial intelligence market. Other significant artificial intelligence stocks to buy are Microsoft Corporation (NASDAQ:MSFT), Amazon.com, Inc. (NASDAQ:AMZN), and Alphabet Inc. (NASDAQ:GOOGL).
10. International Business Machines Corporation (NYSE:IBM)
Number of Hedge Fund Holders (Q1): 43
International Business Machines Corporation (NYSE:IBM) is a multinational technology company that operates in 170 countries around the globe. It is one of the leading companies in the AI world. Its AI technology, IBM Watson, is used in almost every industry. Furthermore, the company also offers online AI courses for people interested in studying the field.
For Q2 2022, International Business Machines Corporation (NYSE:IBM) reported an EPS of $2.31, beating the estimates by $0.02. The revenue was up by 9.3% YoY to $15.54 billion, outperforming the estimates by $360 million. For the first half of 2022, the company generated a free cash flow of $3.3 billion compared to $2.6 billion in the first half of 2021. Furthermore, the company expects to generate $10 billion of FCF by the end of 2022. The company also decreased its total debt by $1.4 billion in 1H 2022. The company exited the quarter with $8 billion in cash, including approximately $200 million from the previous year.
International Business Machines Corporation (NYSE:IBM) has increased its dividend for the past 27 years and has been paying out dividends since 1916. On July 26, the company declared a dividend of $1.65 per share, in line with the previous quarter, payable on September 10 to the shareholders of record on August 10. As of August 19, International Business Machines Corporation (NYSE:IBM) has a dividend yield of 4.77%.
Here is what St. James Investment Company had to say about International Business Machines Corporation in its Q4 2021 investor letter:
“IBM was not the first company to build computers. The distinction belongs to Sperry-Rand’s subsidiary UNIVAC, which introduced the first commercially successful computers in the early 1950s. In this era, IBM did possess the largest research and development department in the business machines industry and quickly caught up, introducing cost-competitive computers a few years after UNIVAC. By the late 1950s, IBM held the dominant market share in computers. IBM also touted a vastly superior sales organization, which used a sales tactic called “paper machines” (the equivalent of today’s “vaporware”). If a competitor’s product was selling well in a market segment that IBM had yet to penetrate, the company would announce a competing product and start taking orders for the “paper machine” long before it was available.
One cannot overstate how powerful IBM was in the computer industry in the 1950s and 1960s. Every competitor rightly worried that if their product worked too well for too long, it was only a matter of
time before an army of IBM salesforce representatives mobilized. In their easily recognizable uniforms of starched white shirts, red ties, and blue suits, IBM marketers marched on their customers and offered a more expensive, but much more defensible, choice. “Nobody gets fired for buying IBM” was a common phrase. Even competitors acknowledged that the company excelled at sales. As a UNIVAC executive once complained, ‘It doesn’t do much good to build a better mousetrap if the other guy selling mousetraps has five times as many salesmen.’” (Click here to see the full text)
9. QUALCOMM Incorporated (NASDAQ:QCOM)
Number of Hedge Fund Holders (Q1): 73
QUALCOMM Incorporated (NASDAQ:QCOM) is a multinational semiconductor company. The company started its AI journey with its 5G modem-RF system, the Snapdragon X70. The modem is the first ever modem-to-antenna 5G system with an integrated AI processor.
QUALCOMM Incorporated (NASDAQ:QCOM) has significantly increased its profit margins over the years and is one of the market leaders in its respective sector. The operating margin was 16.7% in 2018, which reached 35.8% in the first half of 2022. Its ROE figures were negative in 2018 and reached over 100% in early 2021. As of July 31, the ROE was at 107.5%. Additionally, the company has increased its dividends for 21 years and has a 2.03% dividend yield as of August 19. Further adding to shareholder returns, QUALCOMM Incorporated (NASDAQ:QCOM) has been constantly buying back shares at an average of over $690 million per quarter in the last three years.
On July 28, Canaccord analyst T. Michael Walkley maintained a Buy rating on QUALCOMM Incorporated (NASDAQ:QCOM)’s shares and lowered the price target to $225 from $250. Walkley lowered his price target due to multiple compression. However, he believes that the company has a strong 5G leadership position that will result in strong share gains and long-term growth in IoT, RF, and automotive.
Here is what ClearBridge Investments had to say about QUALCOMM Incorporated (NASDAQ:QCOM) in its Q4 2021 investor letter:
“Market strength continued in the fourth quarter, with only the communication services sector down in the Russell 1000 Value Index. Portfolio returns benefited from the strong performance of semiconductor maker Qualcomm, which has executed exceptionally well in pursuing the transition to 5G, growing both content and share due to its leadership position in cellular technology. The chipmaker recently outlined a number of peripheral growth opportunities outside of mobile markets, including automotive (where it hopes to leverage its strong presence in the automotive infotainment space into advanced driver assistance systems), Internet of Things (including opportunities in the PC market, VR/AR market, and factory automation) and radio frequency (where mmWave adoption globally, including China, would drive substantial upside).”
8. Micron Technology, Inc. (NASDAQ:MU)
Number of Hedge Fund Holders (Q1): 78
Micron Technology, Inc. (NASDAQ:MU) produces computer memory and computer data storage products. It also designs semiconductor chips that power AI training and inference engines. On August 10, Deutsche Bank analyst Sidney Ho maintained a Buy rating on Micron Technology, Inc. (NASDAQ:MU)’s shares and lowered the price target to $68 from $70.
On August 10, Micron Technology, Inc. (NASDAQ:MU) announced that the company will invest around $40 billion towards its expansion in the US. The expansion will be done in multiple phases in the next 5 years with the help of the Federal CHIPS and Science Act funding, valued at $52.7 billion. This expansion is expected to increase the US market share of 2% in memory chip production to 10%. Furthermore, in 2021, the city of Manassas, Virginia pre-approved the sale of 18.12 acres of city-owned land to the company. The offer is valid for the next three years. However, the land is being offered for $14.1 million which is above the market price of $6.2 million.
On June 30, Micron Technology, Inc. (NASDAQ:MU) declared a 15% increase in its quarterly dividend to $0.115 per share, paid in cash on July 26 to the shareholders of record on July 11. As of August 16, the company has an annualized dividend payout of $0.46 and a 0.71% dividend yield. The P/E ratio of Micron Technology, Inc. (NASDAQ:MU) is 7.25, which is fairly low compared to the industry average of 18.8.
Here is what Hazelton Capital Partners had to say about Micron Technology, Inc. in its Q3 2021 investor letter:
“It’s hard to explain how shares of Micron Technology, manufacture of DRAM and NAND semiconductor chips, can fall during a global chip shortage. In most industries, focusing on demand can give you a clear insight into what lays ahead for a company. Today, the memory and storage chip industry is no different. However, in the past, companies focused on market share led to the reckless build out of chip fabrication plants (FABs), oversupply, falling average selling prices (ASPs) of memory and storage chips, lower margins, and declining cash flows. As the industry consolidated – there are now just 3 major producers of DRAM and 5 on the NAND side – rational behavior among the key players began to take hold as competitors began focusing more on R&D. Currently, chip pricing remains cyclical although less so than in the past and that cyclicality has a long-term upward bias. The ongoing transition to newer and more robust platforms (3D 176-layer NAND & 1-Alpha node DRAM) has provided the memory and storage chip industry with improved supply capacity under its current manufacturing footprint, ultimately pressuring ASPs. Over the past three years, as most of the large platform conversions have already taken place, being able to add more bits per wafer has reached a saturation point. With no major FAB build outs planned in the near-term by competitors Samsung or SK Hynix, constrained supply and flattening cost curves should lead to durable and upward sloping ASPs once the recent volatility from the chip shortage subsides.
Currently Micron Technology trades at just 8x 2022 estimate earnings. MU is expecting growth in both DRAM and NAND not just from the supply of more chips to data centers, artificial intelligence, the auto sector, and mobile devices, but also from greater demand for gigabyte capacity per unit within those segments. With a healthy balance sheet, improving return on invested capital, and expanding cash flows, not only should Micron benefit from improving future earnings but its multiple should also reflect the transition to a flattening cost curve.”
7. ServiceNow, Inc. (NYSE:NOW)
Number of Hedge Fund Holders (Q1): 90
ServiceNow, Inc. (NYSE:NOW) develops enterprise software and cloud computing platforms. The company has made AI acquisitions since 2018 including the AI startup Parlo, Passage AI, and Element AI. In 2020, the company launched “Orlando”, a cloud software aiming to fix practical problems using AI.
At the end of Q2 2022, ServiceNow, Inc. (NYSE:NOW) posted an EPS of $1.62, beating the street consensus by $0.07. The company’s revenue also climbed by 30.0% on a YoY basis to $1.75 billion, lagging behind the consensus by 0.62%. Furthermore, the renewal rate was recorded at 99%, increasing by 2% YoY. The non-GAAP gross margin increased by 100 bps to 82%, while the non-GAAP operating margin was 22.8% compared to 22% guidance. At the end of the quarter, the company had cash and cash equivalents of $3.83 billion, including short-term investments, and generated a free cash flow of $287 million.
On July 28, Truist analyst Joel Fishbein maintained a Buy rating on ServiceNow, Inc. (NYSE:NOW)’s shares and lowered the price target to $550 from $600. The analyst added that the company missed its revenue guidance, but he believes that the company’s underlying drivers are strong in the face of adverse impacts. Moreover, he sees value in the stock.
Here is what Ensemble Capital said about ServiceNow, Inc. (NYSE:NOW) in its Q2 2022 investor letter:
“ServiceNow is an enterprise software company that helps their corporate customers integrate all of their various software products into a unified platform. Their products are a key element of driving the digital transformation nearly every large company is undergoing. At the recent JP Morgan investor day, CEO Jamie Dimon explained that while the company could reduce expenses if needed should the economy slow, that their spending on digital transformation would continue as this spending was critical to the company managing costs and maximizing revenue over time. As an example of this type of spending, Dimon specifically pointed to ServiceNow, calling out that the company’s products now oversaw the single largest collection of JP Morgan data and highlighted that working with them had saved JP Morgan $50 million over the past few years.
While we have high expectations for ServiceNow’s long-term growth rate, at the company’s investor day in late May they offered an increased growth outlook for the next five years as they target even higher levels of growth than we have been expecting.”
6. Salesforce, Inc. (NYSE:CRM)
Number of Hedge Fund Holders (Q1): 114
Salesforce, Inc. (NYSE:CRM) is an American cloud computing and enterprise software company. The company provides customer relationship management (CRM) software and applications. Salesforce, Inc. (NYSE:CRM) jumped into the AI world with the launch of Einstien AI, an artificial intelligence platform for the company’s cloud computing segment.
Salesforce, Inc. (NYSE:CRM) currently has a run rate revenue of $31 billion. However, according to the management, it has a total addressable market of around $284 billion that has been expanding at a CAGR of 13% in the past 4 years. The annual revenues represent a market penetration of only 11%. As of August, the company is sitting on $13.5 billion of cash and the sum of net debt is around $10.6 billion. As of August 17, the company is trading almost 40% below its 52-week high which provides ample investment opportunities.
On August 16, Morgan Stanley analyst Keith Weiss reaffirmed an Overweight rating on Salesforce, Inc. (NYSE:CRM) and lowered his price target to $273 from $291. The analyst noted that the checks were “mixed” in Q2, in line with the broader group. Weiss sees the company as the most favorable risk/reward in the software segment.
Microsoft Corporation (NASDAQ:MSFT), Amazon.com, Inc. (NASDAQ:AMZN), and Alphabet Inc. (NASDAQ:GOOGL) are some of the best artificial intelligence stocks to buy along with Salesforce, Inc. (NYSE:CRM).
Here is what Vulcan Value Partners had to say about Salesforce, Inc. (NYSE:CRM) in its Q1 2022 investor letter:
“Salesforce.com Inc. is the dominant provider of customer relationship management software and technology. Salesforce has high retention rates, pricing power, high free cash flow, and a competitive moat. The company continues to execute well. Margins decreased slightly during the fourth quarter but continue to be on path for material expansion over the long term. Salesforce is seeing increased spending as employees are returning to the office, and we believe the global pandemic has only improved its prospects.”
5. Apple Inc. (NASDAQ:AAPL)
Number of Hedge Fund Holders (Q1): 131
Apple Inc. (NASDAQ:AAPL) is the world’s biggest company by market capitalization as of June 2022. It is one of the Tech Giants of IT. Apple Inc. (NASDAQ:AAPL)’s Siri was launched in 2011 and was the first widely used AI and NLP-powered assistant. Moreover, Apple chipsets use AI algorithms to understand the world around them.
For Q2 2022, Apple Inc. (NASDAQ:AAPL) reported an EPS of $1.20, outperforming the estimates of $1.16, and generated a revenue of $82.9 billion which was in line with the estimates. Through the quarter, the company generated a free cash flow of $20.79 billion. The free cash flow margins were recorded at 25.1%. The company exited the quarter with cash and cash equivalents of $28.86 billion with an inventory of $5.43 billion. Moreover, while global smartphone sales dropped by 9% YoY, Apple Inc. (NASDAQ:AAPL)’s iPhone shipments increased by 8% YoY in the second quarter of 2022.
On August 16, Credit Suisse analyst Shannon Cross upgraded Apple Inc. (NASDAQ:AAPL) to Outperform from Neutral and boosted her price target to $201 from $166. The analyst noted that Apple’s “management focuses on high customer satisfaction by improving ease of use, product quality and continuity between devices.” She added that the company increased its dividend for the 10th consecutive year and further added to shareholder returns through $90 billion in share repurchases.
Here is what Wedgewood Partners had to say about Apple Inc. (NASDAQ:AAPL) in its Q2 2022 investor letter:
“Apple grew revenues +9%, driven by +17% growth in the Services segment. While iPhone revenues grew a modest +5%, it was on an exceptional year ago comparison of +66%. iPhone continues to capture most industry smartphone profits by focusing on high-end price tiers. Apple is taking nearly two-thirds of the revenue share in the premium ($400 and above) smartphone segment. Further, most of the growth was driven by expansion in the “ultra-premium” price tier of $1000 or more per unit.[1] As we have highlighted in the past, Apple’s relentless focus on the development and integration between hardware (especially integrated circuits) and software continues to add significant value for customers of its products and services. We expect this favorable competitive dynamic to continue for the foreseeable future.”
4. Meta Platforms, Inc. (NASDAQ:META)
Number of Hedge Fund Holders (Q1): 200
Meta Platforms, Inc. (NASDAQ:META), formerly known as Facebook, Inc. is a California-based technology conglomerate. The company’s Meta AI is working towards developing artificial intelligence in the digital world.
In the second quarter of 2022, Meta Platforms, Inc. (NASDAQ:META) generated $28.822 billion in revenue, with 98.43% of its revenue coming from the Family of Apps segment. The company had a high EBIT margin of 33.41% and a profit margin of 80.47%. Furthermore, the company uses its shareholder equity effectively and has an RoE of 25.48%. Additionally, the 5-year CAGR for the company has been recorded at 29.20%. The trailing 12-month cash flow yield of Meta Platforms, Inc. (NASDAQ:META) generates approximately $40 billion of free cash flow annually on average.
On July 28, JMP Securities analyst Andrew Boone reiterated an Outperform rating on Meta Platforms, Inc. (NASDAQ:META)’s shares with a price target of $215, down from $240. Boone considers META to be a “must buy” for advertisers and believes that the risk/reward of the company is positive at the current levels.
Here’s what Polen Capital said about Meta Platforms, Inc. (NASDAQ:META) in its Q1 2022 investor letter:
“What Would You Pay for the World’s Largest Communication and Entertainment Platform? How Does 5x Earnings Sound?
Meta Platforms also had solid, if not slightly lower-than-expected revenue growth last quarter but guided to a significant slowdown in revenue growth for 1Q 2022. Meta called out TikTok, a competitor for people’s time and attention, seeming to imply it as one of the factors causing the growth slowdown. This appeared to stoke fears that the company’s user engagement and value proposition was eroding for its users and marketers and subsequently would lead to lower advertising revenue growth and market share loss.
We do not doubt that TikTok is taking time and attention away from many forms of digital media, core Facebook and Instagram included. That said, we believe TikTok has mostly expanded the pie. Meta’s user engagement has been stable, even on the very mature core Facebook app. Our research shows that most of the growth headwinds are more likely attributable to a combination of factors. These factors include a preference for short-form video while spending time on the platform (Facebook and Instagram Reels), which is not monetized effectively yet, a COVID-19 pull-forward impact like Netflix, and changes to Apple’s (AAPL) iOS operating system.
More specifically, the changes to iOS make it more difficult for Facebook and Instagram to measure certain types of ads accurately, at least for now. Meta has quantified that the Apple impact as roughly a $10 billion revenue headwind for fiscal 2022, or approximately 7% of total revenue. This is a bit larger than we would have expected, and it is taking longer than expected for Facebook to develop with their own measurement tools. But, excluding the Apple impact alone, Facebook would be growing close to what we would have expected in a more normal environment. Although it could take some time to alleviate, we believe the Apple impact will prove temporary, and we continue to monitor engagement trends on Facebook and Instagram from competitors like TikTok…” (Click here to see the full text)
3. Alphabet Inc. (NASDAQ:GOOGL)
Number of Hedge Fund Holders (Q1): 205
Alphabet Inc. (NASDAQ:GOOGL) is the parent company of Google and is one of the largest companies by revenue. The company has embedded itself deeply in AI technology including testing self-driving cars through its subsidiary, Waymo. In addition, the company’s subsidiary DeepMind develops general-purpose AI technology.
Alphabet Inc. (NASDAQ:GOOGL) has one of the strongest balance sheets among the Big Five of IT. It is the only one of the Tech Giants whose cash and short-term investments outweigh all of its liabilities. The company generated $19.5 billion in cash from operating activities in the second quarter of 2022. Moreover, as of Q2, the company’s total cash and cash equivalents, including marketable securities, were $125 billion. In 2012, the company’s cash from operating activities was around $16.7 billion and was over $90 billion by 2021. In the trailing 12-month period the cash from operating activities has reached a staggering $95 billion.
On August 3, Tigress Financial analyst Ivan Feinseth maintained a Strong Buy rating on Alphabet Inc. (NASDAQ:GOOGL)’s shares and boosted the price target to $186 from $183. According to the analyst, the company’s Q2 reports show the resilience of its core business in cloud and research. Feinseth further added that the company’s current investments in AI are guiding towards “increasingly focused and helpful experiences for users and businesses”.
Here is what Wedgewood Partners has to say about Alphabet Inc. (NASDAQ:GOOGL) in its Q2 2022 investor letter:
“Alphabet grew its core search revenues +24% on a +30% year-ago comparison. Despite this stellar top-line performance, shares sold off as the market began to discount fears of a recession. However, the stock has outperformed relative to other holdings as core Google Search has been less affected by disruptions related to Apple’s privacy initiatives. Alphabet’s Cloud segment is generating revenue at a $24 billion run rate but is still running at a loss. We think this business can generate much better margins at some point. In the meantime, the Company has 4% to 5% of shares authorized for repurchase which is an attractive use of capital as the stock trades for about just 18X 2023 consensus estimates.”
2. Amazon.com, Inc. (NASDAQ:AMZN)
Number of Hedge Fund Holders (Q1): 271
Amazon.com, Inc. (NASDAQ:AMZN) is an American e-commerce giant. As of August 16, the company stock surged almost 40% from its June lows after its AWS internet business segment saw a 33% sales growth in the recent quarter. AWS offers a vast set of machine learning services and was named a leader in Gartner’s Cloud AI Developer services.
On July 29, BofA analyst Justin Post maintained a Buy rating on Amazon.com, Inc. (NASDAQ:AMZN)’s shares and upgraded the price target to $170 from $168. Post referred to the company’s Q2 results as “some blemishes on otherwise solid” and mentioned the positive guidance to be “better than feared.” The analyst further noted that he sees the company as “one of the few acceleration stories in the Internet in 2022”.
Here is what Oakmark Funds has to say about Amazon.com, Inc. (NASDAQ:AMZN) in its Q2 2022 investor letter:
“Amazon (NASDAQ:AMZN) is the leading e-commerce and cloud-computing provider in the world. Two-thirds of U.S. households are Amazon Prime subscribers, and over half of all online product searches now start on Amazon. We believe the company’s strong customer loyalty and massive infrastructure are significant barriers to entry in a growing e-commerce market. Separately, Amazon Web Services (“AWS”) controls nearly half of the market in cloud computing. We believe AWS has become utility-like in nature and scale and we expect healthy growth moving forward as IT workloads continue moving to the cloud. More recently, concerns about rising investment spending have weighed on the stock-as they have in times past-providing us another opportunity to purchase shares at a very attractive price. At our purchase price and valuing AWS like its peers, an investor isn’t paying much of anything for the immensely valuable e-commerce franchise.”
1. Microsoft Corporation (NASDAQ:MSFT)
Number of Hedge Fund Holders (Q1): 259
Microsoft Corporation (NASDAQ:MSFT) is a multinational corporation that produces consumer electronics, computer software, and PCs. The company’s Azure AI platform is a substructure for developing comprehensive solutions for data and AI and has 95% penetration in Fortune 500 companies. Microsoft Corporation (NASDAQ:MSFT) is one of the biggest companies by revenue.
Microsoft Corporation (NASDAQ:MSFT) has increased its dividends for 20 consecutive years and has an FWD payout ratio of 24.39%. As of August 19, the company’s dividend yield is 0.87%, compared to the 1.37% sector average. The most recent quarterly dividend was declared on June 14 at $0.62 per share, payable on September 8 to the shareholders of record on August 18.
Here is what Carillon Tower Advisers had to say about Microsoft Corporation (NASDAQ:MSFT) in its Q1 2022 investor letter:
“Stock selection contributed the most while sector allocation was also positive. An underweight to communication services and an overweight to energy helped performance, while an underweight to consumer staples and an overweight to materials detracted. Stock selection was strong within healthcare and materials but was weak within information technology and industrials. Microsoft (NASDAQ:MSFT) reported positive results driven by personal computing strength, but analysts were especially positive on its growth outlook for its Azure cloud-computing services.”
You can also take a look at 10 Stocks To Buy According to William Von Mueffling’s Cantillon Capital Management and 10 Important Energy Stocks Making Moves After Earnings.
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Disclosure: None. 11 Best Artificial Intelligence Stocks To Buy Now is originally published on Insider Monkey.
