Shares of companies that are benefiting from the proliferation of artificial intelligence (AI) have been soaring in 2024. This is evident from the terrific gains clocked by the likes of Nvidia, Palantir, Arm Holdings, and Super Micro Computer, among others.

Some of these names have seen a parabolic jump in their shares thanks to their improving AI credentials. (NYSE: ORCL) is one company that seems set to hop on the AI bandwagon and could go parabolic too.

Let's see why that may be the case.

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Source Fool.com