Is Oracle Corp (ORCL) a good stock to buy?

Since Oracle Corp (NYSE:ORCL) ranks 10th in our list of the 10 Best AI Stock Picks of Billionaire Steve Cohen, the stock deserves a detailed look. Billionaire Steve Cohen is one of the few hedge fund managers who almost always dazzles with his outperformance and prescient bets.

Is Ai affecting Oracle's Cloud Infrastructure Business?

Oracle's cloud infrastructure business is growing rapidly, with revenue soaring 49% year over year in the latest quarter, driven in part by overwhelming demand for AI. Oracle is up against established, entrenched competitors in the cloud infrastructure market, but AI computing capacity is proving to be an issue for start-ups and enterprises alike.

Why is Oracle focusing on AI?

There are only so many high-powered Nvidia GPUs and other AI accelerators to go around. Oracle is plowing capital into expanding its cloud computing capacity with a particular focus on AI. The company has so far been unable to keep up with demand, which has put a lid on its growth rate.