Top 10 High Flying AI Stocks This Week

4. Oracle Corporation (NYSE:ORCL)

Number of Hedge Fund Holders: 91

Oracle Corporation (NYSE:ORCL) is a technology company that offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software is a service offering that includes various cloud software applications. On January 17, Cantor Fitzgerald reiterated an overweight stock rating, reiterating that the company is a top player in AI software and infrastructure.

According to the research firm, Oracle Corporation (NYSE:ORCL) is well-positioned to benefit from the growing demand for AI-powered cloud infrastructure. The firm expects the company’s OCI business to jump 60% in the second half of the year as more AI workloads move to its platform. Even though capital expenses are expected to weigh on margins in the short term due to increased investment, Cantor expects them to fuel long-term growth.

Oracle Corporation (NYSE:ORCL) inked a strategic partnership with Nvidia early this year. The deal paves the way for the two companies to join forces in transforming the way financial institutions operate by enhancing AI adoption. The two are to offer solutions at multiple levels, from infrastructure to software-as-a-service.