1 Unstoppable Stock That Could Join Nvidia, Apple, Microsoft, Amazon, Alphabet, and Meta in the $1 Trillion Club
Artificial intelligence (AI) minted its first $1 trillion company last year when Nvidia stock rose 239% on the back of incredible demand for its AI data center chips. Nvidia is now worth more than $2.2 trillion, making it the third-largest company in the world behind Microsoft and Apple. Amazon, Meta Platforms, and Alphabet (Google's parent company) are also members of the $1 trillion club, and each company is working on AI in its own unique way.
But I think AI could soon propel Oracle (NYSE: ORCL) to a $1 trillion valuation, too. It operates industry-leading AI data center infrastructure, and the company is building capacity at a record pace because it simply can't keep up with demand. As of this writing, Oracle is valued at $350 billion, so investors who buy the stock today will see roughly a 185% gain if the company joins the $1 trillion club.
Founded in 1977, Oracle is one of America's oldest technology companies. It developed revolutionary database management software back then, before helping its business customers prepare for the internet age in the late 1990s and early 2000s. The company created Oracle Cloud Infrastructure (OCI) in 2016 and has since delivered hundreds of digital services to those businesses to migrate their operations online.
Source Fool.com
Oracle Corp. Stock
With 30 Buy predictions and not a single Sell prediction Oracle Corp. is an absolute favorite of our community.
As a result the target price of 121 € shows a slightly positive potential of 10.4% compared to the current price of 109.6 € for Oracle Corp..
