Jefferies Reaffirms Buy on Oracle (ORCL) Amid Defense AI Partnership

Oracle Corp (NYSE:ORCL) is one of the top stocks offering high upside potential in data centers and AI. On November 16, Jefferies analyst Brent Thill reaffirmed his Buy rating on Oracle Corp (NYSE:ORCL) and assigned a $400 price target.

Jefferies Reaffirms Buy on Oracle (ORCL) Amid Defense AI Partnership

Earlier on November 6, Oracle Corporation signed a strategic partnership with Defense Technologies to deliver artificial intelligence innovations for global defense and national security customers.

The two companies are joining forces to provide access to sovereign cloud and AI solutions across Oracle Cloud Infrastructure. The ultimate goal is to enable clients to stay ahead of adversaries, benefit from the latest AI innovations, and reduce costs.

Likewise, defense customers will be able to deploy sovereign AI-enabled software products at scale using Oracle’s distributed cloud services,

“Oracle is committed to ensuring its cloud can support the most demanding missions in defence and national security,” said Jason Rees, Senior Vice President, Technology Engineering, and Oracle EMEA. “Through our newly launched Defense Ecosystem, we are creating an environment where sovereign innovation can scale. This collaboration with Defence Technologies provides an immediate proof point, showing how founding members, like Whitespace, are already leveraging the program to deliver sovereign AI capabilities across allied nations.”

Oracle Corp (NYSE:ORCL) is a software application company that integrates Artificial Intelligence (AI) and Machine Learning (ML) across its entire technology stack—from high-performance cloud infrastructure to its enterprise software applications and database services—to provide built-in automation, enhanced analytics, and generative AI capabilities for businesses.

While we acknowledge the potential of Oracle Corp (NYSE:ORCL) as an investment, 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 the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.