5 Best Magic Formula Stocks to Buy Now

2. Microsoft Corporation (NASDAQ:MSFT)

Joel Greenblatt’s Stake Value: $55.3 million

Microsoft Corporation (NASDAQ:MSFT) has been dominating the news cycle ever since the company’s investments in OpenAI were disclosed as the company is proactively leading the AI revolution that started with the launch of ChatGPT.

Earlier this month, analysts at Wedbush praised Microsoft Corporation (NASDAQ:MSFT)’s AI monetization and Cloud efforts and said that still less than 50% of workloads have moved to the Cloud and the company is in an “enviable” position to benefit from the growth in the Cloud markets.

Microsoft Corporation (NASDAQ:MSFT) is the most popular stock among the 943 hedge funds tracked by Insider Monkey. Joe Greenblatt has a $55 million stake in Microsoft Corporation (NASDAQ:MSFT) as of the end of the first quarter of 2023.