15 Best Technology Stocks to Buy for the Long Term

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11. Oracle Corporation (NYSE:ORCL)

Oracle Corporation (NYSE:ORCL) is one of the Best Technology Stocks to Buy for the Long Term. On March 6, Reuters reported that Oracle Corporation (NYSE:ORCL) and OpenAI have abandoned plans to expand a flagship AI data center in Texas due to prolonged negotiations over financing and OpenAI’s evolving needs.

The report highlighted that the project was part of the Stargate initiative, which is a $500 billion, 10-gigawatt endeavor. The initiative involved SoftBank Group, OpenAI, and Oracle, and was announced by President Donald Trump in January 2025. In September, both the companies had announced plans of 600-megawatt expansion near the Abilene, Texas flagship site.

According to sources familiar with the matter, the capacity is now expected to shift to another data center campus under construction. The sources also noted that the Abilene site features eight buildings operated by Oracle Cloud Infrastructure, with two already operational. Moreover, the plans for an additional 4.5 gigawatts remain on track.

According to Reuters, the fallout between Oracle and OpenAI has created opportunities for Meta Platforms to lease the Abilene expansion site from developer Crusoe, facilitated by Nvidia.

Oracle Corporation (NYSE:ORCL) is an American multinational computer technology company specializing in database software, cloud infrastructure, and enterprise software solutions. The company offers one of the industry’s broadest and deepest suites of AI-powered cloud applications.

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