5 Best Artificial Intelligence and Robotics Stocks To Buy According To Hedge Funds

3. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 238

Microsoft Corporation (NASDAQ:MSFT) has pledged to use artificial intelligence tools to present solutions to some of the challenging environmental problems of the world. The company, which is placed third on our list of 11 best artificial intelligence and robotics stocks to buy according to hedge funds, aims to accomplish this using the AI for Earth program. The company has also integrated AI capabilities into Cortana, a virtual assistant that comes loaded with some software products of the company. 

Microsoft Corporation (NASDAQ:MSFT) has earned positive ratings from Tigress Financial and Morgan Stanley recently. The company has chosen Barcelona as a research and development hub for artificial intelligence. It aims to attract top European talent to the city in this regard over the next few years.

Out of the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in Microsoft Corporation (NASDAQ:MSFT)  with 24.8 million shares worth more than $6.7 billion.

In its Q1 2021 investor letter, Polen Capital, an investment management firm, highlighted a few stocks and Microsoft Corporation (NASDAQ:MSFT) was one of them. Here is what the fund said:

“We have written extensively about Microsoft in recent commentaries. It was our leading contributor last year and one of our largest weightings within the Portfolio. It continues to experience business momentum through several dominant, essential, and competitively advantaged businesses, like Office 365 and Azure. The markets it competes for are enormous, which gives the company the ability to compound at scale. In the past quarter alone, the company generated over $40 billion in revenue, representing a 17% growth rate. The inherent operating leverage in Microsoft’s business model continues and led to 34% earnings growth this past quarter. Despite the broad rotation we saw in the first quarter and Microsoft’s robust performance in 2020, we think its business fundamentals continue to exhibit strength, and the stock continues to reflect the fundamentals.”