Stay Ahead: 9 Key AI News Updates You Need to See

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1. Oracle Corp (NYSE:ORCL)

Number of Hedge Fund Holders: 91

Oracle Corp (NYSE:ORCL) is a software infrastructure company that offers products and services that address enterprise information technology environments worldwide. Days after announcing a $500 billion Stargate project, the company has unveiled AI agents as it targets opportunities in the manufacturing sector.

On January 30th, Oracle Corp (NYSE:ORCL) confirmed that its new AI agents are designed to help supply chain workers across various jobs, from procurement to sustainability. The new AI tools should help ease the administrative burden by streamlining workflows and automating routine tasks. The unveiling of the latest AI agents seeks to bolster the company’s cloud infrastructure unit, the revenue of which was up by 52% to $2.4 billion.

As we acknowledge the growth potential of Oracle Corp (NYSE:ORCL), our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter timeframe. 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 Complete List of 59 AI Companies Under $2 Billion in Market Cap.

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

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