10 Most Profitable Tech Stocks to Buy Now

8. Oracle Corp. (NYSE:ORCL)

TTM Net Income: $11.6 billion

Number of hedge funds: 91

Oracle Corporation (NYSE:ORCL) offers an extensive suite of cloud applications, platform services, and engineered hardware systems. The company commands a substantial market share in database management systems and provides a variety of enterprise solutions, including Oracle Cloud Infrastructure (OCI), data management, enterprise resource planning (ERP) software, and hardware products such as servers and storage. The cloud and license business includes key infrastructure technologies like Oracle Database, MySQL Database, and Java, which are widely used globally. Oracle Corporation (NYSE:ORCL) supports deployment models that include on-premises, cloud-based, and hybrid solutions. Its operating margin stands at around 32% and net profit margin is around 21%.

Oracle Corporation (NYSE:ORCL) has been aggressively expanding its cloud offerings, establishing itself as a formidable player in the cloud infrastructure market. Recent quarters have shown significant increases in cloud revenue, driven by the rising demand for cloud services and applications. The integration of AI and machine learning into Oracle Corporation (NYSE:ORCL)’s cloud solutions is expected to enhance its offerings, making it an attractive choice for businesses modernizing their IT infrastructure. The company is also expanding its global data center footprint to meet growing customer demands and is expected to benefit greatly from the $500 billion ‘Project Stargate’, positioning itself as a leading player in AI compute.

In January 2025, Oracle Corporation (NYSE:ORCL) announced plans to enhance its global cloud infrastructure by adding eight new cloud regions in North America and Asia over the next 12 months. They will also introduce powerful new capabilities for ‘Oracle Database@Google Cloud’ to increase customer value. Additionally, data center capacity will be doubled in regions like London, Frankfurt, and Ashburn to meet increasing demand.

On January 17, Cantor Fitzgerald initiated coverage on Oracle Corporation (NYSE:ORCL) with an Overweight rating and a $214 price target. The analyst believes that the company will benefit both in the short term and long term from AI, as well as long-term growth in its cloud business (mainly from CDBS), thus he rates the stock as Overweight.