Published by
Benzinga
Benzinga
Microsoft Corp (NASDAQ:MSFT) emerged as a darling for hedge funds in the second quarter, with 10 out of the 20 hedge funds Benzinga analyzed having MSFT in their top-5 holdings for the quarter. Microsoft’s widespread adoption among major institutional players isn’t surprising, particularly when you consider the tech giant’s performance year-to-date. Shares skyrocketed by more than nearly 60%, touching highs of $366.78 before paring some of its gains. The surge can be attributed to the company’s substantial investments in artificial intelligence (AI) and a significant stake in OpenAI. Outside o…