Here’s What Reaccelerate Oracle Corporation’s (ORCL) Growth

Parnassus Investments, an investment management company, released the “Parnassus Core Equity Fund” fourth quarter 2024 investor letter. A copy of the letter can be downloaded here. In the fourth quarter, U.S. stocks rose, closing up a robust 2024. The Fund (Investor Shares) surged 0.28% (net of fees) in the quarter underperforming the S&P 500 Index’s 2.41% return. For the year, the fund returned 18.52% (net of fees) compared to S&P 500 Index’s 25.02%. Stocks soared after the U.S. presidential election as investors awaited the incoming administration’s business-friendly policies. In addition, please check the fund’s top five holdings to know its best picks in 2024.

In its fourth quarter 2024 investor letter, Parnassus Core Equity Fund emphasized stocks such as Oracle Corporation (NYSE:ORCL). Oracle Corporation (NYSE:ORCL) offers products and services that address enterprise information technology environments. The one-month return of Oracle Corporation (NYSE:ORCL) was -16.28%, and its shares gained 14.87% of their value over the last 52 weeks. On March 11, 2025, Oracle Corporation (NYSE:ORCL) stock closed at $144.18 per share with a market capitalization of $403.266 billion.

Parnassus Core Equity Fund stated the following regarding Oracle Corporation (NYSE:ORCL) in its Q4 2024 investor letter:

“Oracle Corporation (NYSE:ORCL) stock posted its best annual performance since 1999 as the software giant gained market share in cloud-based training of generative AI models. Oracle Cloud Infrastructure is helping to reaccelerate growth as the company continues to execute well in capturing new deals.”

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Oracle Corporation (NYSE:ORCL) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 105 hedge fund portfolios held Oracle Corporation (NYSE:ORCL) at the end of the fourth quarter compared to 91 in the third quarter. While we acknowledge the potential of Oracle Corporation (NYSE:ORCL) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

In another article, we discussed Oracle Corporation (NYSE:ORCL) and shared the list of stocks Jim Cramer discussed. Polen Focus Growth Strategy increased its stake in Oracle Corporation (NYSE:ORCL) in Q4 2024. In addition, please check out our hedge fund investor letters Q4 2024 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.