5 Best AI and Technology Stocks to Buy Now

2. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 282

Microsoft Corporation (NASDAQ:MSFT) is one of the Best AI and Technology Stocks to Buy Now. On June 25, CNBC reported that Microsoft Corporation (NASDAQ:MSFT) will be increasing the price of Xbox game consoles. This comes after Apple announced an increase in prices for MacBooks and iPads. Starting August 1, Xbox Series S consoles, which have 512GB of storage, will increase by $100 to about $500. The models with 1TB will go up by $150.

The broader consumer electronics industry is feeling the brunt of increased memory prices because of strong demand for the components from AI chipmakers, added CNBC. Microsoft Corporation (NASDAQ:MSFT) added that console storage and memory prices went up by over 2.5x, with the tech giant expecting another doubling by 2027 fall.

CNBC noted that memory manufacturers, like Micron and SK Hynix, have a limited capacity. Therefore, they give priority to high-bandwidth memory for AI infrastructure, like Nvidia’s GPUs.

Microsoft Corporation (NASDAQ:MSFT) is a global technology company that develops and sells a wide range of software, cloud services, devices, and business solutions, serving both individual users and enterprise customers worldwide.

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