5 Fastest Growing AI Stocks To Buy

In this article, we discuss the 5 fastest-growing AI stocks to buy. To read the detailed analysis of the AI segment, go directly to the 10 Fastest Growing AI Stocks To Buy.

5. Oracle Corporation (NYSE:ORCL)

1-year stock price growth as of August 29: 62.73%

Number of Hedge Fund Holders: 84

Oracle Corporation (NYSE:ORCL) is an American computer hardware, software, and cloud computing company headquartered in Texas. The company already has AI products in its portfolio. Nevertheless, it is still making investments in the generative AI segment. Oracle Corporation (NYSE:ORCL) announced the introduction of generative artificial intelligence features into its human resources software, Oracle Fusion Cloud HCM, on July 28.

On August 29, UBS analyst Karl Keirstead upgraded Oracle Corporation (NYSE:ORCL) from Neutral to Buy on the basis of the analyst’s belief that the company’s Oracle Cloud Infrastructure is being used increasingly by AI start-ups. The analyst also raised his price target to $140 from $120.

Oracle Corporation (NYSE:ORCL) is one of the most advanced AI companies in the market.

Madison Investments made the following comment about Oracle Corporation (NYSE:ORCL) in its second quarter 2023 investor letter:

“Oracle Corporation (NYSE:ORCL) reported a solid fiscal fourth quarter and provided guidance for the first quarter that continued to support solid growth for the company. Revenues grew 17% and were primarily driven by Cloud Services (up 29%) with Oracle’s cloud infrastructure (OCI) business growing 89% in the quarter. Oracle has messaged that this business has price-performance advantages as compared to the other infrastructure companies (Amazon, Microsoft, Google) and appears to be winning business as a result. On the earnings call, management made the case that OCI will play a significant role in the Generative AI workloads which bodes well for continued growth.”