Famous Wall Street Analyst Dan Niles Bullish on Oracle (ORCL) – Here’s Why

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Famous Wall Street Analyst Dan Niles Bullish on Oracle (ORCL) – Here’s Why

We recently published a list of

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. In this article, we are going to take a look at where Oracle Corporation (NYSE:ORCL) stands against other trending AI stocks to watch in December.

Jared Cohen, Goldman Sachs president of global affairs, co-head of the Goldman Sachs Global Institute, said while talking to CNBC in a latest program that amid rising data center-driven energy demand because of AI, the US would need to collaborate with other countries via “diplomacy.”

“If you look at data centers for cloud workloads versus data centers for AI workloads, data centers for AI workloads require ultra-high density. They need a concentrated power source, and so intermittent power like wind and solar doesn’t fit the bill. You need base load power, so I think nuclear, coal, and natural gas are necessary, and we have plenty of that in the US. The problem is we can’t transport it from where it is through multiple jurisdictions because of the ‘not in my backyard’ issue. So, the US is going to need some kind of overflow option if it wants to continue leading in this space. There’s not a single geography that I would say represents a panacea to this problem.”

Answering a question about whether the return to relatively cheaper and reliable energy sources like coal could satisfy the AI-driven energy demand, the analyst said the US would still need to look beyond just relying on its own sources because the need for power is huge.

“We’re going to have to probably bring another 35-plus gigawatts of power online relative to the 17 gigawatts of power that are already online feeding these data centers in just the next couple of years. That’s not enough, that’s not enough time. So, you know, the US is going to continue to lead in the space, but it’s not going to be able to lead on its own.”

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For this article we picked 10 AI stocks that are getting investors’ attention on the back of latest news. With each stock we have mentioned the number of hedge fund investors. 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 275% since May 2014, beating its benchmark by 150 percentage points (

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Famous Wall Street Analyst Dan Niles Bullish on Oracle (ORCL) – Here’s Why

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Number of Hedge Fund Investors: 91

Talking about tech stocks he currently likes, Dan Niles of Niles Investment Management said in a recent program on CNBC that he likes Oracle Corp (NYSE:ORCL).

“We like names like Oracle. We think next year it’s going to be about networking all of this AI infrastructure together and helping enterprises get access to it.”

Madison Sustainable Equity Fund stated the following regarding Oracle Corporation (NYSE:ORCL) in its 

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“The top contributors in the quarter were NextEra Energy, Oracle Corporation (NYSE:ORCL), Progressive Corporation, Equifax Inc., and ******* Healthcare. Oracle reported a strong first quarter with accelerating Cloud infrastructure demand. Oracle followed its solid first quarter with an upbeat analyst meeting which highlighted multi-year growth opportunities for the company.”

Oracle Corp’s (NYSE:ORCL) technology is critical for AI development, serving as a key foundation much like GPUs are for AI processes. Oracle says it has built large data centers with ultra-fast RDMA networks and massive 32,000-node NVIDIA GPU clusters, boosting its presence in AI training.

Overall, ORCL ranks 7th on our list of trending AI stocks to watch in December. While we acknowledge the potential of ORCL, our conviction ***** in the belief that under the radar AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ORCL but that trades at less than 5 times its earnings, check out our report about the

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