10 Stocks That Will Benefit From AI

8. Oracle Corporation (NYSE:ORCL)

Number of Hedge Fund Holders In Q3 2024: 91

Oracle Corporation (NYSE:ORCL) is one of the biggest enterprise resource planning products providers in the world. It commands an 18.4% market share of the ERP market which makes it the second biggest firm of its kind. Oracle Corporation (NYSE:ORCL) has leveraged its experience of providing businesses with operational infrastructure to establish a foothold in the AI industry via its Oracle Cloud Infrastructure (OCI) business. With OCI, the firm aims to bring 131,072 NVIDIA Blackwell GPUs under its wing to take the lead in providing businesses with AI computing infrastructure. The bullishness in AI is also evident in Oracle Corporation (NYSE:ORCL)’s fiscal year 2026 guidance as it expects to earn $66 billion for 12% annual growth. By 2029, the firm aims to grow its revenue to $104 billion along with 45% in margins. Along with positive AI catalysts, management execution on these financial fronts also performs a key role in Oracle Corporation (NYSE:ORCL)’s hypothesis.

Mar Vista Investment mentioned Oracle Corporation (NYSE:ORCL) in its Q3 2024 investor letter. Here is what the fund said:

“Oracle Corporation (NYSE:ORCL) is seeing revenue acceleration as it benefits from several years of investing in cloud-based solutions, which are now driving demand. The company is seeing broad-based demand for multiple of its cloud offerings, including its Fusion ERP Suite, its NetSuite offering and the Oracle Database. In addition to those anchor products, Oracle is also gaining traction with its OCI Gen 2 platform-as-a-service offering, which is winning mindshare from leading cloud customers, including Open AI, due to its favorable performance and cost metrics. This OCI Gen 2 solution is well-positioned to become a viable hyper scaler offering, furthered by Oracle’s recently announced partnerships with Microsoft Azure, Google Compute Platform, and Amazon’s AWS, which have all agreed to host Oracle’s flagship database in their respective hyper-scaler cloud environments. We believe this could support a third leg of growth for Oracle as its large installed base of database customers shift from on-premises to cloud deployments. As database customers migrate to a Cloud subscription model, Oracle could increase database software support revenues by 3-to-5 times. We continue to believe Oracle is well-positioned to grow intrinsic value strong double-digits over our investment horizon.”