12 Best Big Data Stocks to Invest In

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2. Oracle Corporation (NYSE:ORCL)

Number of Hedge Fund Holders: 122

Oracle Corporation (NYSE:ORCL) ranks among the best big data stocks to invest in. On December 12, Evercore ISI reaffirmed its Outperform rating and $275 price target for Oracle Corporation (NYSE:ORCL), citing the company’s considerable data center lease contracts. The firm stated that Oracle’s multi-year data center leases are priced around $1.2 billion per month, with the capacity to sustain around 7.6 gigawatts of data center power.

Evercore ISI predicts that this network may create almost $76 billion in annual GPU cloud revenue, considering that each megawatt generates $10 million in revenue. Evercore ISI states that Oracle’s lease commitments account for approximately 18% of total cloud operation costs, which is consistent with the company’s earlier statements during its analyst day.

Oracle Corporation (NYSE:ORCL) has also expanded its multicloud database solution in Canada by making Oracle Database available on Google Cloud in the Montreal and Toronto areas. This development enables Canadian enterprises to capitalize on Oracle’s database services on Google Cloud platforms, satisfying data residency requirements and facilitating integration with Google’s analytics and AI capabilities.

Oracle Corporation (NYSE:ORCL) is a leading data analytics firm that provides a wide range of products, including software, apps, and cloud infrastructure. Oracle Analytics provides four types of solutions and works well with its Autonomous Database platform.

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