Microsoft Snags One Crown, Snatches Another From Nvidia

Like King Kong swatting away an airplane buzzing around his head, Microsoft (MSFT) just shoved Nvidia (NVDA) off its perch at the top of the list of new buys by the best mutual funds. In recent weeks, Microsoft stock has also snatched the market-capitalization crown as the world’s most valuable company, topping both Apple (AAPL) and Nvidia stock.

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Nvidia led last month but went AWOL in July. Microsoft took its place. Microsoft and Google parent Alphabet (GOOGL) were the only two Magnificent Seven stocks to make this month’s screen.

Top-performing institutional investors scooped up an impressive $10.9 billion worth of Microsoft stock. Google stock came in next, raking in over $9.7 billion.

Including drugmaker Eli Lilly (LLY) ($2.9 billion), video streamer Netflix (NFLX) ($1.6 billion) and retail giant Costco (COST) ($1.4 billion), 13 stocks make this exclusive billion-dollar club.

Semiconductor industry leaders Lam Research (LRCX) ($1.6 billion) and Taiwan Semiconductor (TSM) ($1.2 billion) also etched their names on this screen.

Musical Thrones: Microsoft Topples Nvidia

After taking turns wearing the crown of most-valuable company multiple times in recent weeks, Microsoft now sits on that throne with a market capitalization of roughly $3.39 trillion. Apple (AAPL) ($3.36 trillion) and Nvidia ($3.02 trillion) are the only other stocks with market caps north of $3 trillion.

As Google stock continues to hit record highs, Alphabet has seen its market cap rise to over $2.27 trillion. Fellow Mag 7 member Amazon.com (AMZN) also recently hit the $2 trillion mark.

The links below highlight just a portion of this month’s new buys and sells by top funds.

Click here to see all the stocks on the list.

Microsoft, Google Lead The Billion-Dollar Club

While Microsoft was the sole stock to garner a capital inflow of over $10 billion this month, each of these other companies took in large investments from the best mutual funds.

ServiceNow (NOW) just missed the cut with an inflow of $997 million. Walmart (WMT) came close to joining fellow big-box retailer Costco on this screen but came up short at $850 million.

Palantir, CrowdStrike Lead Software Buys By Best Mutual Funds

Just as Microsoft and Google have seen a boost in demand from the artificial intelligence boom, Palantir Technologies (PLTR), CrowdStrike (CRWD), Palo Alto Networks (PANW) and CyberArk Software (CYBR) have tapped that wave to emerge as top AI stocks.

AI and cloud-based networks create challenges for cybersecurity firms, driving demand for cybersecurity stocks. As a result, CrowdStrike now trades at record highs. Meanwhile, CyberArk and PANW stock continue to build potential breakouts that would lift them to an all-time high.

After clearing an early trendline entry, Palantir stock is now setting a new 26.57 buy point.

Follow Matthew Galgani on X (formerly Twitter) at @IBD_MGalgani.

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