5 Best Metaverse Stocks To Buy Right Now

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1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 306

Microsoft Corporation (NASDAQ:MSFT) is one of the best metaverse stocks to buy. Microsoft’s metaverse products and services include Microsoft Mesh, AltspaceVR, HoloLens, Azure Spatial Anchors, and Gaming and Xbox. On January 31, Microsoft’s fiscal year Q2 results surpassed expectations, earning praise from Wall Street. The positive performance is attributed to the company’s gains from artificial intelligence. AI contributed to a six percentage point growth for Azure during the quarter, leading to a 30% growth rate for Azure, surpassing the company’s earlier guidance. The results indicate the ongoing impact and potential of AI in Microsoft’s business.

According to Insider Monkey’s third quarter database, 306 hedge funds were bullish on Microsoft Corporation (NASDAQ:MSFT), compared to 300 funds in the earlier quarter. Bill & Melinda Gates Foundation Trust is the largest position holder in the company, with 39.2 million shares worth $12.4 billion. 

Madison Sustainable Equity Fund stated the following regarding Microsoft Corporation (NASDAQ:MSFT) in its fourth quarter 2023 investor letter:

“Microsoft Corporation’s (NASDAQ:MSFT) sustainable scorecard was updated with an unchanged rating of Above Average. The company’s board has an official Environmental, Social, and Public Policy Committee in addition to the traditional Audit, Compensation, and Governance committees. For ten years, Microsoft has publicly released data measuring the diversity of its workforce. With the prominence of Artificial Intelligence (AI), the company has launched a 5-point blueprint for governing AI to address public policy and regulation. Environmentally, Microsoft has multiple programs to be carbon negative by 2030. The company has signed Purchase Power Agreements for carbon-free energy totaling 13.5 Gigawatts.”

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