UBS’ Top Tech Based Disruptive Stocks For 2030: Top 29 Stocks

9. Oracle Corporation (NYSE:ORCL)

Number of Hedge Fund Holders In Q2 2024: 93

Oracle Corporation (NYSE:ORCL) is primarily a software company that is known for its enterprise resource planning (ERP) software. In the AI age, the firm has also capitalized on the market shortage of NVIDIA’s GPUs to develop a business division that caters specifically to the needs of customers who need these GPUs to train and operate their AI models. This business is Oracle Corporation (NYSE:ORCL)’s Oracle Cloud Infrastructure (OCI), and it promised more than 100,000 NVIDIA Blackwell GPUs for customers in 2025. This will make Oracle Corporation (NYSE:ORCL) one of the first in the world to get access to these hot chips. The firm is also the second largest player in the ERP market courtesy of its 18.4% market share. This lends the firm a stable business with not only recurring revenues but also customers which are hesitant to switch vendors unless absolutely necessary.

Janus Henderson mentioned Oracle Corporation (NYSE:ORCL) in its Q2 2024 investor letter. Here is what the fund said:

“Enterprise software company Oracle Corporation (NYSE:ORCL) was a top contributor to relative performance. The company reported revenue and bottom line metrics that were in line to slightly below consensus; however, it also reported record bookings for new business. This accelerating revenue growth outlook is being driven by AI cloud infrastructure deals and boosted sentiment in the stock.”