10 Mega Cap Stocks Gaining Bullish Momentum This Week

4. Oracle Corporation (NYSE:ORCL)

Oracle Corporation provides services and products to address enterprise information technology environments. The company also offers cloud and license business infrastructure technologies, cloud-based industry solutions for various industries, Oracle license support services, and Oracle application licenses. The stock is down 8.6% in a month.

Oracle boasted a surging cloud demand right before the recent dip in share price. Enterprise demand for AI-powered cloud services is likely to keep going up as AI applications go mainstream. Oracle is setting itself up for this demand by partnering with tech companies like Nvidia, AMD, xAI, and OpenAI.

Many people focused on the earnings themselves, but shrewd investors would have noticed how active the company management was in making new deals, something that will reflect in its finances in the coming quarters.

Speaking of upcoming quarters, Q4 revenue is anticipated to come in 8-10% higher than the same period last year. The bottom line is expected to report a similar growth. The stock is currently valued higher than its 5-year average on various metrics, but that is expected with the strong growth prospects. A dip in the stock price is a buying opportunity.