Acadian Asset Boosts Oracle Corporation (ORCL) Holdings by 5.3%

Oracle Corporation (NYSE:ORCL) is among the high growth mega cap stocks you can buy and hold for the next 3 years. Acadian Asset Management LLC increased its stake in Oracle Corporation (NYSE:ORCL) by 5.3% through the acquisition of 4,398 shares during the first quarter. According to the latest disclosure with the SEC, the firm now owns 87,969 shares of the company’s stock, translating to an investment of $12,294,000.

What’s truly noteworthy is the company’s multi-cloud strategy, collaborations with key AI players, and its enhanced data center footprint. In just one year, Oracle Corporation (NYSE:ORCL) delivered a return of 88.27% in contrast to the market’s mere return of 17.57%. That’s not it. The giant is planning to expand multi-cloud data center locations to 71 to support its database demand, so to say that the future of the company looks equally promising doesn’t do quite justice.

Oracle’s (ORCL) Strategic Innovation Boosts its Dividend Appeal

The biggest growth catalyst for Oracle Corporation (NYSE:ORCL) is the shift to inferencing from AI training, highlighting that utilization by enterprises is poised to fuel growth for the company in the years ahead.

Oracle Corporation (NYSE:ORCL), headquartered in Austin, Texas, is a company that provides solutions for enterprise information technology environments. Founded in 1977, the company serves various sectors, including government agencies, educational institutions, and industries.

While we acknowledge the potential of ORCL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ORCL and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.