12 AI Stocks on Latest News and Ratings

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1.  Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 284

Microsoft Corporation (NASDAQ:MSFT) provides AI-powered cloud, productivity, and business solutions, focusing on efficiency, security, and AI advancements. On Wednesday, May 28, Bank of America reiterated Microsoft Corporation (NASDAQ:MSFT) as “Buy.” The firm said that Microsoft is a winner in the small-to-mid-size software business market.

“We highlight Microsoft, Intuit and HubSpot as key winners in SMB [small and mid size business] software, addressing large markets, with formidable advantages stemming from large installed bases, product depth/breadth and robust sales channels.”

Analysts on Wall Street currently have a consensus “Buy” rating on the stock. The average price target of $505 implies a 10% upside, however, the Street-high target of $650 implies an upside of 41.87%.

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 on Analyst’s Radar Today and 10 AI Stocks on Wall Street’s Radar

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