Palantir is leveraging its advanced AI and data mining capabilities to help enterprises analyze huge amounts of data. Oracle is helping build data center infrastructure for training and inferencing large language models.

This era of artificial intelligence and cloud computing has led to companies pouring billions into the segment. Cloud computing service providers have benefitted from the AI hype, where they provide the cloud infrastructure where AI systems can be used.

Enterprise software and cloud giant Oracle (NASDAQ: ORCL ) has witnessed impressive momentum in its stock price over the past nine months. Despite lagging behind the S&P 500 last year, it has more than made up for it with a 21.3% jump year-to-date (YTD).

Amid the rising recession fears and global economic tensions, the past week has been rough for the stock market.

The technology sector continued to plunge on Monday following a surprising hawkish tilt by the Bank of Japan, which caused the Japanese stock market to crater by a double-digit percentage. Still, investors seeking AI-enabled growth at a double-digit percentage discount may finally have an opportunity to do some buying.

In July, we (my wife and I) received a dividend income total of $2,836.82. 2023 was up 24%. 7 months down in 2024 and the S&P 500 is still up almost 13%, despite the recent sell-offs. We have a high likelihood of a rate cut in September, but too much speculation is happening beyond that date. Time is ticking on that FOMC meeting.

New public cloud region in Riyadh is Oracle's second cloud region in Saudi Arabia and part of Oracle's US $1.5 billion investment to boost the country's cloud capacity in line with Saudi Vision 2030 Saudi organizations can take advantage of Oracle Cloud Infrastructure's high performance and built-in security, powerful data, distributed cloud, and disaster recovery capabilities to help accelerate AI innovation and enhance business resilience Oracle's footprint expands to eight cloud regions in the Middle East and North Africa – one of the fastest expansions by any hyperscaler in the region AUSTIN, Texas and RIYADH, Kingdom of Saudi Arabia , Aug. 6, 2024 /PRNewswire/ -- To meet the rapidly growing demand for its AI and cloud services, Oracle today announced the opening of its second public cloud region in Saudi Arabia. The new Riyadh cloud region will help public and private sector organizations migrate all types of workloads to Oracle Cloud Infrastructure (OCI), giving them access to a wide range of cloud services to modernize their applications and innovate with data, analytics, and AI.

Preconfigured business processes, reports, and dashboards speed implementation and time to value by up to 75% AUSTIN, Texas , Aug. 6, 2024 /PRNewswire/ -- A core part of the Oracle Smart Construction Platform, customers continue to rely on Primavera Unifier to digitize and automate capital planning, project execution, and facilities management, to help improve predictability and reliability. To speed execution and efficiency, Oracle has released the Primavera Unifier Accelerator base.

Cloud computing infrastructure plays a big role in data processing, which is important for AI development. Companies are increasingly investing in off-premise cloud solutions, which is already a big catalyst for Oracle.

Thanks to quarterly SEC filings, everyday investors can track which stocks billionaire investors are piling into. Oracle, a legacy tech stock, is one of the most popular purchases among billionaires so far this year.

Oracle (NASDAQ: ORCL ) is clearly benefiting tremendously from the proliferation of artificial intelligence and the continued transition of many companies to the cloud. Many on the Street are very pleased with the company.

Artificial Intelligence is a buzzword of the year and it is heard the most during the earnings season. Each earnings season sees companies talking about their AI investments, goals, and the future of this sector.