Oracle, Intel Climb: Which Is the Better AI Stock?
The stock market has done quite well lately, and the latest data on inflation in the U.S. didn't do much to dampen enthusiasm on Wall Street. Even after sizable gains, stock index futures were largely higher early Tuesday morning, with many investors waiting patiently to see if the Federal Reserve will choose to pause in its streak of interest rate increases over the past year.
AI stocks have been a key driver of the market's recent bullish run, and lots of tech stocks are staking their claim in the artificial intelligence space. Both Oracle (NYSE: ORCL) and Intel (NASDAQ: INTC) haven't seen quite the level of gains as some of their tech stock peers, but both want to grow, and AI could play a key role in their aspirations. Below, you'll learn more about why Oracle and Intel are rising Tuesday morning and which looks like the better AI play.
Shares of Oracle were up 5% in premarket trading, adding to the 5% gains the stock saw on Monday. The software company reported fiscal fourth-quarter financial results for the period ended May 31, and shareholders were pleased to see the company getting sales from customers hungry to implement new artificial intelligence features.
Source Fool.com
Oracle Corp. Stock
With 41 Buy predictions and not a single Sell prediction Oracle Corp. is an absolute favorite of our community.
As a result the target price of 140 € shows a slightly positive potential of 9.51% compared to the current price of 127.84 € for Oracle Corp..
