5 Best Beaten-Down Technology Stocks to Buy Now

2. Oracle Corporation (NYSE:ORCL)

Year-to-Date Performance: -25.12%

Number of Hedge Fund Holders: 115

Oracle Corporation (NYSE:ORCL) is one of the best beaten-down technology stocks to buy now. On July 1, Blair added Oracle Corporation (NYSE:ORCL) to its analyst conviction list. According to the research firm, the company has emerged as a major beneficiary of the artificial intelligence buildout as hyperscale cloud commitments continue to drive strong revenue visibility.

Hyperscalers are increasingly signing multiyear cloud capacity commitments, thereby strengthening Oracle’s revenue base. Additionally, full-stack capabilities spanning the OCI cloud and system-of-record applications are increasingly supporting accelerated revenue growth.

Blair insists Oracle is trading at a discount relative to peers in AI infrastructure despite improving fundamentals. Consequently, there is room for upward earnings revisions and multiple expansion to drive shares higher in the second half of the year.

In June, Oracle’s total workforce declined by 13% as the cloud computing giant continued restructuring its business, driven by the adoption of AI across its operations.

Oracle Corporation (NYSE:ORCL) is a massive multinational technology company that builds enterprise software, database systems, and cloud infrastructure used by businesses and governments worldwide. Their technology manages critical backend operations like financial transactions, supply chains, and human resources.