Microsoft Corporation (MSFT) Bets Big on Swiss AI With $400M Cloud Investment

We recently published a list of 10 AI Stocks on Wall Street’s Radar. In this article, we are going to take a look at where Microsoft Corporation (NASDAQ:MSFT) stands against other AI stocks on Wall Street’s radar.

On June 2nd, Microsoft Corporation (NASDAQ:MSFT) announced that it will be investing $400 million in Switzerland to develop its cloud computing and artificial intelligence infrastructure. The investment was announced at a meeting of Swiss Economy Minister Guy Parmelin and his vice chair Brad Smith in Bern.

The company currently employs up to 1,000 people in Switzerland. However, it did not indicate how many jobs the investment opportunity would create. Microsoft did note that the money would be used to expand and upgrade its four data centers near Geneva and Zurich, responding to increased demand for AI and cloud computing services in Switzerland.

Microsoft Corporation (MSFT) Bets Big on Swiss AI With $400M Cloud Investment

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The company will also be expanding its partnership work with small and medium-sized companies and improving training efforts to help people use AI and digital tools.

“Switzerland has created one of the world’s leading innovation ecosystems, blending world-class research with real-world applications.”

-Brad Smith said in a statement.

Microsoft Corporation (NASDAQ:MSFT) provides AI-powered cloud, productivity, and business solutions, focusing on efficiency, security, and AI advancements.

Overall, MSFT ranks 2nd on our list of AI stocks on Wall Street’s radar. While we acknowledge the potential of MSFT as an investment, 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 this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.