5 AI Stocks Beyond Nvidia That Could Surge in 2026

4. Oracle Corporation (NYSE:ORCL)

Analyst Upside: 73.07%

Oracle Corporation (NYSE:ORCL) ranks among the AI stocks beyond NVIDIA that could surge in 2026. On June 23, KeyBanc restated its Overweight rating and $300 price target for Oracle Corporation (NYSE:ORCL), noting more transparency on the company’s expenditure outlook. The firm boosted its EPS estimates for fiscal years 2028 through 2030, exceeding consensus expectations for 2029 and 2030.

According to KeyBanc, Oracle’s investment in AI hyperscaler infrastructure represents a considerable cost of goods expense. The firm highlighted that moderate growth in operational expenses appeared to be enough to offset gross margin pressures.

Additionally, in response to Oracle Corporation (NYSE:ORCL)’s fourth-quarter results, Mizuho reaffirmed an Outperform rating and a $320 price target on the company’s shares. According to Mizuho, Oracle Corporation (NYSE:ORCL) generated solid fourth-quarter performance, with Infrastructure as a Service revenue increasing by more than 90% year-over-year as the Abilene supercluster and additional capacity went live according to schedule.

The company announced fiscal 2027 gross capital expenditures of $90 billion to $95 billion, resulting in about $70 billion in cash outlays. Oracle Corporation (NYSE:ORCL) disclosed incremental financing needs of $20 billion, up from the $50 billion reported in the third quarter, with the sum considerably lower than the $100 billion Street expectations that management discarded in Q2.

Oracle Corporation (NYSE:ORCL) provides information technology-related products and services to enterprises through its main business segments: Cloud and License, Hardware, and Services. The company is based in Austin, Texas, and was founded in June 1977 by Lawrence Joseph Ellison, Robert Nimrod Miner, and Edward A. Oates.