We recently published a list of 10 High-Flying AI Stocks This Week. In this article, we are going to take a look at where Oracle Corporation (NYSE:ORCL) stands against other high-flying AI stocks this week.
The proliferation of advanced artificial intelligence innovations and solutions is fueling the rise of cybercrime. AI-generated cyber-attacks are the new frontier keeping companies, businesses, and governments on their toes, given the speed at which they occur and how effective some of them are.
Cybercriminals are focusing on individuals and companies worldwide by employing advanced methods and elusive scams that can deceive even seasoned professionals. According to a report by Cybersecurity Ventures, it is projected that the financial impact of cyber-attacks will surpass $10 trillion this year, 2025.
Nearly four out of five chief internal auditors (78%) think AI would have a negative influence on data security and cyber security. In contrast, 58% think it will make fraud worse, according to a recent Chartered Institute of Internal Auditors report.
The opinions of internal audit and risk management specialists around Europe are reflected in a survey of 985 chief audit executives from 17 countries. It also highlights how company executives are becoming increasingly concerned about the hazards posed by AI.
Meanwhile, the law enforcement agency of the European Union is warning that artificial intelligence is significantly accelerating organized crime to the point of weakening foundational structures while additionally supporting state-backed destabilization efforts.
“Cybercrime is evolving into a digital arms race targeting governments, businesses and individuals. AI-driven attacks are becoming more precise and devastating. Some attacks show a combination of motives of profit and destabilization, as they are increasingly state-aligned and ideologically motivated,” said Europol’s Executive Director Catherine De Bolle.
According to the report titled EU Serious and Organized Crime Threat Assessment 2025, crimes such as drug trafficking, human smuggling, money laundering, cyber-attacks, and online fraud are eroding societal norms and the rule of law by producing illegal profits, inciting violence, and normalizing corruption.
The report noted that artificial intelligence and various technologies catalyze criminal activities, enhancing the efficiency of these operations by increasing their speed, scope, and complexity. With the European Commission gearing up to introduce a new internal security policy, countries across Europe must urgently address these threats.
Phishing assaults are only one aspect of AI’s threat. Businesses are also in danger from employees using AI tools in the workplace without authorization. 28% of employers rank AI-generated cyber-attacks as their most significant business danger, indicating the growing threat of AI.
Our Methodology
For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds in Q4 2024.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
A team of IT professionals meticulously crafting a large-scale enterprise performance management system.
Oracle Corporation (NYSE:ORCL)
Number of Hedge Fund Holders: 105
Oracle Corporation (NYSE:ORCL) is a technology company that develops and markets software applications for business. It’s best known for its database software, cloud infrastructure, and enterprise resource planning (ERP) solutions. The company also leverages artificial intelligence technology to enhance its cloud services and applications. On March 20, it moved to make it easy to create, deploy and manage AI agents with the unveiling of Oracle AI Agent Studio for Fusion Applications.
The new AI agent studio comes with easy-to-use tools for creating customizable AI agents to address complex needs. Additionally, it should allow users to develop new agents or modify pre-packaged ones and then deploy and oversee them throughout the company. Oracle Corporation’s (NYSE:ORCL) AI Agent Studio-created AI agents can work with third-party agents to accomplish intricate, multi-step procedures and smoothly interact with Oracle Fusion Applications.
“Our AI Agent Studio builds on the 50+ AI agents we have already introduced and gives our customers and partners the flexibility to create and manage their own AI agents easily. With the agents already embedded in Fusion Applications and our new AI Agent Studio, customers can further extend automation and ultimately achieve more while spending less,” said Steve Miranda, executive vice president of applications at Oracle.
Overall, ORCL ranks 2nd on our list of high-flying AI stocks this week. While we acknowledge the potential of 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 time frame. If you are looking for an AI stock that is more promising than ORCL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires
Disclosure: None. This article is originally published at Insider Monkey.
