5 Best NFT Stocks to Invest in According to Analysts

3. Microsoft Corp (NASDAQ:MSFT)

Number of Hedge Fund Holders: 312

Stock’s Upside Potential: 46.40%

Microsoft Corp (NASDAQ:MSFT) is among the best NFT stocks to invest in according to analysts. Microsoft Corp (NASDAQ:MSFT) is expanding its computing capacity to meet AI-related demand. According to a Bloomberg report on March 12, Microsoft committed around $50 billion in additional data center leases in its most recent quarter.

Also on March 11, the Information reported that Microsoft was in talks to lease a large data center site in Abilene, Texas. The facility is under development and is expected to be equipped with Nvidia AI chips, according to the report. There’s a section of that facility that Oracle already uses to run workloads for the ChatGPT developer OpenAI.

In other news, Microsoft on March 10 announced a quarterly dividend of $0.91 per share. It plans to pay the dividend on June 11 to shareholders of record on May 21. During the December quarter, the Windows maker returned $12.7 billion to shareholders through a combination of dividends and share repurchases. It exited the quarter with $24.3 billion in cash and cash equivalents.

Microsoft Corp (NASDAQ:MSFT) is a leading global technology company. It develops and markets a wide range of software and hardware products. The company also offers a variety of services, including cloud computing solutions. Microsoft is also involved in the NFT space, including through tech provision and investment in NFT startups such as Palm NFT Studio.