12 Best Major Stocks to Buy According to Billionaires

2. Microsoft Corporation (NASDAQ:MSFT)

No. of Billionaire Holders: 39

No. of Hedge Fund Holders: 317

Microsoft Corporation (NASDAQ:MSFT) is another tech giant that develops and supports software, services, devices, and solutions. Microsoft is one of the top firms investing in AI and cloud computing. The company’s cloud business generates the most revenue.

Microsoft Corporation (NASDAQ:MSFT) reported yet another strong quarter with a net revenue of $70.07 billion, surpassing estimates by $1.62 billion. The revenue was driven by cloud business, which experienced a 22% increase year-over-year in constant currency, driven by strong demand for cloud and AI offerings. Azure and other cloud services revenue soared 33% from a year ago. Moreover, Microsoft 365 Copilot usage tripled year-over-year, reflecting the robust adoption of AI-based productivity tools.

On May 13, Mark Murphy from JP Morgan reiterated an Overweight rating on MSFT, keeping the price target at $475 after a recent upgrade following the earnings. The analyst remains bullish on MSFT following strong quarterly outcomes, especially in its Azure cloud services.