10 Trending AI Stocks on Wall Street’s Radar

2. Oracle Corporation (NYSE:ORCL)

Number of Hedge Fund Holders: 91

Oracle Corporation (NYSE:ORCL) provides products and services addressing all corporate information technology environment aspects. On January 21st, Patrick Walravens from JMP Securities reiterated a Buy rating on the stock with a $205 price target. The bullish rating comes amid growing expectations that Oracle is one of the companies benefiting from the AI revolution.

On January 23rd, Oracle Corporation (NYSE:ORCL) announced plans to significantly increase its investment in Abu Dhabi due to rising demand for AI and cloud services in the UAE. The investment will grow fivefold, according to Nick Redshaw, Oracle’s senior VP for technology cloud and UAE country leader. Oracle operates two cloud regions in the UAE and plans to add 14 more globally, including a facility in Neom, Saudi Arabia. Additionally, Oracle will establish a sovereign cloud region in Bahrain and train 350,000 individuals across the Middle East in AI and cloud infrastructure.

Oracle Corporation (NYSE:ORCL) has launched AI Agents, and generative AI features in Oracle Fusion Cloud Sales to enhance engagement and streamline capabilities. Integrated with Oracle Fusion Cloud Customer Experience (CX), these tools help sales teams improve relationships, maintain records, and streamline communication. They also generate optimized emails and automate summaries and data entry. This move aims to strengthen Oracle’s workforce prospects by eliminating time-consuming tasks and attracting deals from sales teams seeking to boost productivity.