10 AI News You Shouldn’t Miss

6. Oracle Corporation (NYSE:ORCL)

Number of Hedge Fund Holders: 93

Oracle Corporation (NYSE:ORCL) is an American multinational computer technology company offering products and services that address enterprise information technology environments globally. It is building hundreds of new data centers (cloud regions) to meet the growing demand for its AI and cloud services.

On November 5, Bernstein analyst Mark Moerdler maintained a “Buy” rating on Oracle Corporation (NYSE:ORCL) with a price target of $202.00. Moerdler’s rating comes from the company’s unique position in the cloud market, particularly its Generation 2 Oracle Cloud Infrastructure (OCI). Unlike traditional hyperscale cloud providers, OCI offers a distinct architectural design offering Oracle a competitive advantage in specific Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) segments. The analyst’s in-depth research into OCI’s technological and business potential has boosted his confidence in its growth prospects. He believes that OCI’s unique features position Oracle for significant expansion.