Wedbush technology analyst Dan Ives identified Oracle as a top pick among hyperscalers. He placed Oracle on his "shopping list" of bullish tech stocks. Oracle joins other major AI players on this list, including Nvidia, Microsoft, AMD, and Micron.
Ives's positive outlook stems from the ongoing "AI supercycle." He believes the tech sector remains in the early stages of a massive growth phase. Ives noted a significant multiplier effect across the tech industry for every dollar spent on Nvidia's chips. This benefits companies like Oracle, which provide essential cloud infrastructure.