5 AI Stocks That Will Skyrocket

2. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holdings: 312

Banking giant Goldman Sachs discussed Microsoft Corporation (NASDAQ:MSFT)’s shares in late February as it reiterated a Buy rating and a $600 share price target. The coverage came after the technology company revealed the Maia 200 AI inference accelerator, which is designed to be manufactured by TSMC’s 3-nanometer process technology. The investment bank commented that Microsoft Corporation (NASDAQ:MSFT) could achieve long-term margins for AI computing that were similar to its Azure CPU business through the chips, but it added that software compatibility and performance statistics were important for determining the chip’s potential.

One AI product that Microsoft Corporation (NASDAQ:MSFT) offers is its Copilot assistant. On March 9th, the firm unveiled a version of Copilot called Copilot Cowork. This variant is designed for office use and can perform tasks such as aggregating information from different platforms, such as Teams and Outlook, for task automation. Microsoft Corporation (NASDAQ:MSFT) also declared a $0.91 per share quarterly dividend on March 10th, which will be payable to shareholders of record on May 21st.

Microsoft Corporation (NASDAQ:MSFT) is one of the largest software companies in the world. It is known for its Windows operating system, Xbox gaming console, and Azure cloud computing division.