5 Best Machine Learning Stocks To Buy

In this piece, we will take a look at the five best machine learning stocks to buy. For a detailed look at the machine learning industry and how top companies are operating, head on over to 12 Best Machine Learning Stocks To Buy.

5. ServiceNow, Inc. (NYSE:NOW)

Number of Hedge Fund Investors In Q1 2023: 96

ServiceNow, Inc. (NYSE:NOW) is a cloud computing company headquartered in Santa Clara, California. The firm allows enterprise users to reduce their workloads through machine learning automation, introduce risk mitigation techniques, and generate better insights.

Insider Monkey’s first quarter of 2023 survey of 943 hedge funds revealed that 96 had bought a stake in ServiceNow, Inc. (NYSE:NOW). The firm’s largest hedge fund investor in our database is Rajiv Jain’s GQG Partners since it owns 1.5 million shares that are worth $713 million.

4. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Investors In Q1 2023: 132

NVIDIA Corporation (NASDAQ:NVDA) is one of the biggest semiconductor firms in the world. Its graphics processing units (GPUs) allow users to power up machine learning platforms. NVIDIA also has a database of machine learning tools for quick software implementations.

By the end of March 2023, 132 out of the 943 hedge funds polled by Insider Monkey had invested in the company. NVIDIA Corporation (NASDAQ:NVDA)’s largest shareholder is Ken Fisher’s Fisher Asset Management with a $2.7 billion stake.

3. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Investors In Q1 2023: 155

Alphabet Inc. (NASDAQ:GOOG) is one of the biggest technology companies in the world. It is also one of the biggest players in machine learning, providing numerous products for different use cases such as fraud detection, image analysis, voice detection, and more.

After digging through 943 hedge funds for their first quarter of 2023 shareholdings, Insider Monkey found out that 155 had bought Alphabet Inc. (NASDAQ:GOOG)’s shares. Out of these, the firm’s largest investor is Ken Fisher’s Fisher Asset Management with a $4.3 billion stake.

2. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Investors In Q1 2023: 243

Amazon.com, Inc. (NASDAQ:AMZN) is the world’s largest electronic commerce retailer. At the same time, its Amazon Web Services (AWS) platform enables users to optimize business processes through machine learning and deploy large scale models.

Insider Monkey’s first quarter of 2023 survey covering 943 hedge funds revealed that 243 had invested in the firm. Amazon.com, Inc. (NASDAQ:AMZN)’s biggest investor in our database is Ken Fisher’s Fisher Asset Management since it owns 41 million shares that are worth $4.2 billion.

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Investors In Q1 2023: 289

Microsoft Corporation (NASDAQ:MSFT) is another technology behemoth. Its Azure computing platform provides machine learning as a service. This allows customers to collaborate while using machine learning models, build, train, and deploy models, and monitor their outputs.

289 out of the 943 hedge funds part of Insider Monkey’s database had bought Microsoft Corporation (NASDAQ:MSFT)’s shares as of this year’s first quarter. Out of these, Michael Larson’s Bill & Melinda Gates Foundation Trust is the largest shareholder through a $11 billion investment.

Disclosure: None. You can also take a look at 10 Dow Stocks Billionaires Are Loading Up On and 10 Least Competitive Industries in the World.

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