We recently published a list of 10 AI Stocks on Wall Street’s Radar. In this article, we are going to take a look at where Oracle Corporation (NYSE:ORCL) stands against other AI stocks on Wall Street’s radar.
Days after the Biden-era rule on AI chips export was rescinded, a bipartisan group of eight U.S. lawmakers has now introduced a bill requiring makers of artificial intelligence chips to include technology that verifies the location of their chips before exporting them.
Introduced in the U.S. House of Representatives, the Chip Security Act will aim to address reports of U.S. export-controlled AI chips being smuggled into China.
The bill comes shortly after US President Donald Trump began his tour of the Middle East this week, announcing several deals that will send AI chips to countries in the Middle East. This has been despite growing opposition from some inside the US government.
READ NEXT: Top 10 AI Stocks Making Headlines on Wall Street and 9 AI Stocks Poised to Gain from Trump’s Middle East AI Push
“In order for the United States to maintain our technological advantage, we must employ safeguards to help ensure export controls are not being circumvented, allowing these advanced AI chips to fall into the hands of nefarious actors.”
-Rep. Bill Huizenga, a Michigan Republican who introduced the House bill, said in a statement.
For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. The hedge fund data is as of Q4 2024.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
A team of IT professionals meticulously crafting a large-scale enterprise performance management system.
Oracle Corporation (NYSE:ORCL)
Number of Hedge Fund Holders: 91
Oracle Corporation (NYSE:ORCL) is a database management and cloud service provider. On May 14, the company announced that its Health Clinical AI Agent, an AI-powered multimodal voice and screen-driven assistant, is now available to health systems across Canada. The AI-powered assistant allows physicians to spend less time on administrative tasks so they can focus more on patient care. It is available for more than 40 medical specialties, including urgent care, sports medicine, behavioural health, and more. By integrating with the Oracle Health Foundation electronic health record, the assistant offers highly accurate draft notes in minutes and provides next steps for providers to review and approve directly at the point of care.
“Oracle continues to deliver AI-driven intelligence to our entire clinical portfolio. By embedding AI agents directly within the clinician’s workflow, we’re reducing the mundane busywork that took the joy out of practicing medicine and impeded their ability to truly connect with and serve patients. We received unanimously positive feedback from the thousands of clinicians who have used the solution and are proud to be extending these capabilities to our customers across Canada.”
-Seema Verma, executive vice president and general manager, Oracle Health and Life Sciences.
Overall, ORCL ranks 7th on our list of AI stocks on Wall Street’s radar. While we acknowledge the potential of 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 this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
