Watch database software giant Oracle (ORCL) today. After adding 13.32% on Wednesday, shares may rally toward $145. After posting quarterly results, the firm explained its role in the artificial intelligence revolution.
Oracle customers are focused on its cloud services. For example, OpenAI chose Oracle to run deep learning and AI workloads on the company’s Oracle Cloud infrastructure. They chose OCI because it offers the fastest performance. Most importantly, it is the most cost-effective AI infrastructure.
In Q4/2024, Oracle signed over 30 AI contracts worth over $12 billion.
In Wednesday’s trade, Apple (AAPL) traded as high as over $220.00 before ending the day up by 2.86% at $213.07. Markets recognize that Apple does not have to change much in its ecosystem to add AI capabilities.
Broadcom (AVGO) is among the four core AI holdings, alongside ASML, Taiwan Semiconductor (TSM), and Nvidia (NVDA). It posted revenue growing by 43.1% Y/Y to $12.49 billion. Results benefited from revenue contributions from VMWare. Broadcom expects revenue of up to $51.0 billion in 2024. AVGO stock will undergo a 10-for-1 split like Nvidia did.
The stock will rise by around 14% when markets open today.
Watch Tesla (TSLA) today. Shareholders will vote on a massive $56 billion pay package. They approved the compensation back in 2018.