12 Best Big Data Stocks To Buy According to Hedge Funds

2. Oracle Corporation (NYSE:ORCL)

Number of Hedge Fund Holders: 91

Oracle Corporation (NYSE:ORCL) provides products and services that address enterprise information technology (IT) environments. The firm’s products and services include enterprise applications and infrastructure offerings that are delivered globally through a variety of flexible and interoperable IT deployment models. The firm’s mission revolves around helping people ‘see data in new ways, discover insights, and unlock endless possibilities’.

Oracle offers the broadest and most integrated portfolio of products to help acquire and organize diverse data types and analyze them alongside the existing data. This allows for finding new insights and capitalizing on hidden relationships. The firm was the first vendor to offer a complete and integrated solution to cater to the full spectrum of enterprise big data requirements when it introduced Oracle Big Data Appliance.

Oracle’s cloud platform provides a unified data model that simplifies data management, eliminates silos, and reduces the complexity of integrations. This enhances operational efficiency while accelerating the deployment of new technologies thereby enabling organizations to innovate faster and at scale.

For the fiscal 2025 Q1, Oracle Corporation (NYSE:ORCL) recorded quarterly revenues up 7% year-over-year. With  Cloud Services becoming Oracle’s largest business, the firm’s operating income and earnings per share growth rose. Cloud Services revenues were up 21% year-over-year. Additionally, a major milestone for the firm was signing a MultiCloud agreement with AWS. AWS customers will be getting easy and convenient access to the Oracle database when it goes live in December later this year.