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Microsoft Corporation (NASDAQ:MSFT) is one of the Best Cloud Computing Stocks to Buy According to Hedge Funds. On June 22, the company announced one of the largest single capacity additions in its history. In Pecos, Texas, Microsoft Corporation (NASDAQ:MSFT) plans to build a new data center campus, which further expands its global data center capacity by ~2 gigawatts (GW). This will help the tech giant to cater to robust and sustained demand for AI and cloud services throughout industries and regions.

Microsoft Corporation (NASDAQ:MSFT) further noted that the multibillion-dollar datacenter campus investment over the upcoming 5 – 7 years demonstrates the immediate needs that are currently visible and the future trajectory of AI and advanced compute. As per the company, reliable infrastructure at scale remains critical to unlock the next generation of innovation.

The customer demand for AI and cloud services continues to elevate, ranging from startups developing new applications to governments, healthcare providers, and educational institutions that continue to modernize critical systems.

Microsoft Corporation (NASDAQ:MSFT) is a global technology company that develops and sells a wide range of software, cloud services, devices, and business solutions, serving both individual users and enterprise customers worldwide.

While we acknowledge the potential of MSFT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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