14 Best American Tech Stocks To Buy Now

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12. Oracle Corporation (NYSE:ORCL)

Number of Hedge Fund Holders: 105

Oracle Corporation (NYSE:ORCL) is an American multinational computer technology and software company that offers a wide range of business-oriented products and services including Oracle Database, a relational database management system. The company offers one of the industry’s broadest and deepest suites of AI-powered cloud applications. Oracle Corporation (NYSE:ORCL) ranks among the best American stocks to buy right now.

On April 3, TD Cowen maintained a “Buy” rating on Oracle Corporation (NYSE:ORCL) with a price target of $210. This decision follows a recent visit by analysts to the corporation’s data center in Salt Lake City and a detailed briefing on the company’s cloud infrastructure and AI strategy. Oracle Corporation’s (NYSE:ORCL) management highlighted strong demand for AI, which continues to exceed supply, and also shared plans to expand the company’s GPU cluster capabilities from 65,000 to 131,000 by 2025. The company’s infrastructure is efficient and flexible as it is designed to seamlessly transition between AI training and inference workloads. Analysts believe that Oracle Cloud Infrastructure (OCI) is experiencing a period of ultra growth. In fiscal 2025 Q3, OCI reached annualized revenues of $10.6 billion, marking a 57% year-over-year growth in OCI consumption and Cloud Remaining Performance Obligations (RPO) growing over 90% year-over-year. Additionally, the growth in backlog, outpacing consumption, indicates future growth in OCI services. Over the past year, Oracle Corporation (NYSE:ORCL) has expanded its number of OCI customer-facing regions to 101 from 69, which is an increase of 46% and the corporation has a total of 176 live and planned regions. This positions it favorably against competitors like AWS, which has 36 regions, and Azure, which has over 60 regions. TD Cowen noted that Oracle Corporation (NYSE:ORCL) is positioned uniquely thanks to its small footprint capabilities and Dedicated Cloud offerings, which allow it to meet different market demands compared to other leading hyperscalers.

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