Top 12 Trending AI Stocks on Latest News and Ratings

2. Oracle Corporation (NYSE:ORCL)

Number of Hedge Fund Holders: 91

Oracle Corporation (NYSE:ORCL) offers products and services that address enterprise information technology environments worldwide. On January 17th, Cantor Fitzgerald initiated coverage of the stock with an overweight rating and a $214 price target. The bullish rating stems from the company’s strong position in the data management sector and the growth of artificial intelligence capabilities.

Additionally, it comes on the heels of Oracle Corporation (NYSE:ORCL) teaming up with Softbank and Japanese Conglomerate Softbank to build multiple data centres for AI in the US. Under the Stargate project, the trio will begin with a large data center in Texas, which is expected to expand to other states as part of a $500 billion venture.

The data centres could end up housing chips designed by OpenAI to develop an AI chip for running models that could be available as early as 2026. The company is reportedly actively assembling a team of chip designers and engineers and collaborating with semiconductor companies TSMC and Broadcom.