Jim Cramer Discusses These 18 Stocks & President Trump’s $500 Billion AI Plan

6. Oracle Corporation (NYSE:ORCL)

Number of Hedge Fund Holders In Q3 2024: 91

Oracle Corporation (NYSE:ORCL) is an enterprise resource planning software provider that is the second biggest player in its industry. It has also taken a key role in the AI industry by hosting hardware that other firms use for AI workloads. The firm’s Oracle Cloud Infrastructure business aims to host hundreds of thousands of GPUs for AI workloads, and Oracle Corporation (NYSE:ORCL) rose to prominence in January following President Trump’s $500 billion Stargate AI project. Cramer shared a lot of important implications from the firm’s role in Stargate:

“And then you realize, you know what there’s something big going on, bigger than you think which drives Oracle up 16, not because of meme guys coming in and saying you know what, hey this could work, because we already knew Oracle was going to do this. But maybe because there’s a reshuffling of the alliance. And the alliance could be in play David..

“And I think that I like people to understand, the fluid nature of things here is rather extraordinary. I mean you get up you try to figure out, you parse these things, you parse that meeting that happened at 6 pm. But I think, Bank of America has the right call on it. Says partnership provides potential scale benefits to Oracle. In March Reuters said Microsoft and OpenAI were planning to launch a joint venture dubbed Stargate. Involving a hundred billion dollars of joint funding for data center capacity. If true it appears that Oracle might have replaced Microsoft in an OpenAI joint venture. This would be extraordinary. And you know Carl, I don’t know whether Ellison was doing a dance yesterday because he was so happy about this announcement. Or because he may have a real coup here. And betting against Ellison has been one of the biggest fools game in history. Man he was on his game yesterday.””And to think that they wrote him off. And how about they laughed at him when he said he needed thousands of data centers. They’re not laughing now about Larry Ellison. And where is Safra? Who I think is fabulous.”