5 Best Long-Term Stocks to Buy Now for High Returns

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1. Microsoft Corporation (NASDAQ:MSFT)

3-year Revenue Growth: ~15.3%

Number of Hedge Fund Holders: 312

Market Capitalisation: ~$3.1 trillion

Average Upside Potential: ~31.4%

Microsoft Corporation (NASDAQ:MSFT) is one of the Best Long-Term Stocks to Buy Now for High Returns. On May 22, RBC Capital reiterated an “Outperform” rating and a price objective of $640.00 on the company’s stock. This comes after the investor meetings with the company’s executives. The firm remains optimistic about Microsoft Corporation (NASDAQ:MSFT)’s growth opportunity and its capability to maintain and enhance its AI leadership position.

In a different update, Microsoft Corporation (NASDAQ:MSFT) is in talks to supply custom AI chips to Anthropic, reported CNBC. Notably, this deal will be a win for Microsoft, with the company lagging behind the cloud competitors Amazon and Google as far as supplying clients with special-purpose AI silicon is concerned.  Microsoft Corporation (NASDAQ:MSFT) announced its second-generation Maia AI chip in January. However, it is yet to make it available via its Azure cloud, reported CNBC.

In November, Microsoft Corporation (NASDAQ:MSFT) stated that it will invest $5 billion in Anthropic, with Anthropic committing to spend $30 billion on Azure.

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.

While we acknowledge the potential of MSFT to grow, 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: 10 Best FMCG Stocks to Invest In According to Analysts and 11 Best Long-Term Tech Stocks to Buy According to Analysts.

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