Jim Cramer’s Bold Predictions About These 12 AI Stocks

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8. Oracle Corporation (NYSE:ORCL)

Number of Hedge Fund Holders In Q3 2024: 91

Date of Cramer’s Comments: 09-06-24

Performance Since Then: 31.25%

Oracle Corporation (NYSE:ORCL) is the enterprise resource planning that we mentioned in the introduction to this piece. It is one of the largest players in its industry, and the stock has seen several catalysts since September. Oracle Corporation (NYSE:ORCL)’s shares surged by 11% in September after the firm’s second-quarter earnings report saw it beat analyst revenue and EPS estimates. Then, the stock jumped by 10% in November only to fall by 8% in December after a poor earnings report. Year-to-date, the stock is up by 10.6% after President Trump’s $500 billion Stargate AI announcement. Here’s what Cramer said in September:

“Oracle has reinvented itself with an AI kicker to go with its regular enterprise software business. As of last quarter, it’s been performing exceptionally well, and I think they’re going to do it again. Oracle could stop the tech blood flow.”

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