10 Buzzing AI Health Stocks 

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1. Oracle Corporation (NYSE:ORCL)

Number of Hedge Fund Holders: 93      

Oracle Corporation (NYSE:ORCL) offers products and services that address enterprise information technology environments worldwide. Cerner, acquired by Oracle in 2022, has long been a major player in healthcare IT and is now utilizing Oracle’s cloud-based AI capabilities to enhance its electronic health records (EHR) systems. AI plays a critical role in predictive analytics and clinical decision support tools within Cerner’s EHR systems, allowing healthcare providers to improve patient outcomes by predicting disease risks and streamlining clinical workflows.

Cerner brought in $1.5 billion in revenue in the latest quarter for Oracle Corporation (NYSE:ORCL), boosting growth for the enterprise software giant. The health IT company also generated $5.9 billion in revenue for Oracle’s 2023 fiscal year, which ended May 31. Oracle’s revenue reached an all-time high of $50 billion last year, driven by growing demand for its cloud offerings from companies deploying AI.

While we acknowledge the potential of Oracle Corporation (NYSE:ORCL) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than Oracle Corporation (NYSE:ORCL) but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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