11 Hot AI Stocks to Buy Right Now

Page 6 of 11

6. Oracle Corporation (NYSE:ORCL)

Avg Volume: 17.66 million

Number of Hedge Fund Holders: 124

Oracle Corporation (NYSE:ORCL) ranks among the best hot AI stocks to buy right now. Bloomberg reported on September 19 that Oracle Corporation (NYSE:ORCL) and Meta Platforms are negotiating a $20 billion cloud computing deal. Under the potential multiyear arrangement, Oracle Corporation (NYSE:ORCL) would supply Meta with processing capacity for the training and deployment of artificial intelligence models.

This potential deal would continue Oracle’s recent run of wins in the cloud infrastructure market, although the total commitment amount might go up and other conditions might alter before the final agreement is reached. In a similar vein, the company’s stock price reached an all-time high just a week ago after it announced a significant increase in bookings.

Oracle Corporation (NYSE:ORCL) is a leading IT solutions company that offers a variety of products, such as cloud infrastructure, software, and apps.

Page 6 of 11