Oracle Corporation (ORCL) Well Protected from AI Disruption on Software: Bernstein

Oracle Corporation (NYSE:ORCL) is one of the best blue-chip AI stocks to buy now. On March 30, Bernstein SocGen Group reiterated an Outperform rating on Oracle Corporation (NYSE:ORCL) with a $319 price target. The bullish stance is in response to the company delivering solid quarterly results and guidance that helped alleviate investor concerns.

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While there are questions about the company’s data center build-out and customer concentration, Bernstein insists the company’s economics are better than initially feared. In addition, the company continues to generate significant investor interest. According to the research firm, Oracle is slowly becoming a preferred investment as concerns grow about artificial intelligence disrupting software.

The company’s AI Datacenter and core database businesses are also well-positioned to benefit from the AI boom. The investors’ perspective on the company should also improve as more data validate the quality of the company’s core business. For starters, Veritone has already inked a multiyear agreement to leverage Oracle’s Cloud infrastructure as it pursues growth and AI expansion across the commercial and public sectors.

Oracle Corporation (NYSE:ORCL) is a global technology company specializing in enterprise software, database management systems, and cloud computing infrastructure. It enables organizations to manage critical data, including customer, financial, and supply chain information.

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