13 Best Blue Chip Stocks to Buy Now

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1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 294

Microsoft Corporation (NASDAQ:MSFT) is one of the best blue-chip stocks to buy now. On November 5, Microsoft Corporation (NASDAQ:MSFT) entered into a strategic partnership with Pantone, a digital solutions provider for the creative and design communities. The two are joining forces to support designers in utilizing artificial intelligence to enhance their craft.

As part of the partnership, Pantone has unveiled the beta version of the Pantone Palette Generator, built on Microsoft Azure OpenAI, to leverage expertise in color psychology and trend forecasting. The AI-powered platform is designed to streamline color decision-making and communication while leveraging decades of expertise and research from the color and trend experts at the Pantone Color Institute.

“Pantone is showing the world what it means to lead with AI — transforming an industry long grounded in physical design,” said Kathleen Mitford, corporate vice president, Global Industry Marketing at Microsoft. “Together, we’re accelerating design workflows with Azure OpenAI and showcasing how AI can unlock new levels of creativity, productivity and innovation across every industry.”

Just a few days earlier, on October 31, analysts at Truist Securities reaffirmed their Buy rating on Microsoft and raised confidence in the stock with a $675 price target. The call followed the company’s release of its first‑quarter fiscal 2026 results. The positive stance underscores the research firm’s confidence in Microsoft’s Azure cloud platform and its momentum in commercial bookings. Microsoft’s first‑quarter fiscal 2026 results beat expectations, with overall revenue rising 17% in constant currency against forecasts of 14%. The standout was Azure, which delivered 39% growth, topping consensus by two points.

Microsoft Corporation (NASDAQ:MSFT) is a software application company that uses AI to enhance its existing product lines with intelligent features, offer a comprehensive cloud platform for developers to build their own AI solutions, and conduct cutting-edge research in the field.

While we acknowledge the potential of Microsoft Corporation (NASDAQ: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 the cheapest AI stock.

READ NEXT: Top 9 Undervalued Asset Management Stocks to Buy and 13 Best AI Stocks to Buy Under $20.

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