5 Best Big Tech Stocks to Buy Right Now

3. Microsoft Corporation (NASDAQ: MSFT)

Number of  Hedge Fund Holders: 238

Microsoft Corporation (NASDAQ: MSFT) is one of the largest technology companies in the world and it is primarily known for its Windows operating system. Due to the fact that it can work with computers from every brand, except Apple Inc’s (NASDAQ: AAPL) notebooks, Windows is one of the most popular software in the world. Microsoft also offers cloud and data center services through its Azure platform.

238 out of the 873 hedge funds polled by Insider Monkey held a stake in the company by the end of the first half of this year, with the stake equaling $62.5 billion.

In its Q2 2021 investor letter, Baron Opportunity Fund highlighted a few stocks, and Microsoft Corp. (NASDAQ:MSFT) is one of them. Here is what the fund said:

“Shares of Microsoft Corporation, a cloud-software leader and provider of software productivity tools and infrastructure, rose during the quarter following a strong earnings report highlighting solid demand for its broad product stack and continued momentum migrating its business to the cloud. Microsoft was a top contributor in the period because it trades at reasonable free cash flow and earnings valuations, has cloud and digital transformation tailwinds at its back, reported a solid March quarter, and beat Street expectations by a wide margin. Microsoft’s results continued to be strong across the board, with Azure cloud computing revenues up 46% in constantcurrency (“cc”) terms and commercial cloud bookings growth of 38% cc, the best in years. Microsoft also reported robust profitability growth, with operating income expanding 31% and GAAP earnings up 45%. We believe the company is well positioned for continued solid growth and profitability through market share gains as more companies look to transform and digitize their businesses as they move operations to the cloud.”