Top 10 AI Stocks on Latest News and Analyst Ratings

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1. Oracle Corporation (NYSE:ORCL)

Number of Hedge Fund Holders: 91

Oracle Corporation (NYSE:ORCL) is a database management and cloud service provider hosting data for AI applications. The enterprise tech giant is one of Wall Street’s favorite stocks benefiting from generative AI. On December 10, Mizuho raised the firm’s price target on Oracle Corporation (NYSE:ORCL) to $210 from $185 and kept an “Outperform” rating on the shares post the fiscal Q2 report.

The analyst told investors in a research note that Oracle’s cloud infrastructure business remains strong. Moreover, its broad portfolio of infrastructure and application products, comprising a wide range of offerings across software, hardware, and cloud services, multi-cloud strategy through hyperscaler partnerships, and “unprecedented AI demand” position it well to reaccelerate growth.

Oracle has been collaborating with big names such as Microsoft, Amazon, and Google to provide customers access to Oracle’s database services across cloud platforms. Moreover, the growing demand for artificial intelligence has positioned the company strategically, where Oracle’s AI capabilities are helping develop advanced AI models. Overall, the firm sees the current share weakness as a buying opportunity.

While we acknowledge the potential of ORCL as an investment, our conviction lies in the belief that some 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 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: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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