Stocks

Two Pivotal AI Stocks Worth Adding to Your Portfolio: Alphabet (GOOG) and Oracle (ORCL)

Published July 30, 2024

Investors searching for robust growth opportunities in the stock market might want to turn their attention to the field of artificial intelligence (AI). Two intriguing prospects in this sphere are Alphabet Inc. GOOG and Oracle Corporation ORCL. Both companies have established a strong foothold in the technology sector with significant growth potential ahead, and while they are distinct in their operations, their AI investments are a common thread leading to potentially lucrative futures.

Insight into Alphabet Inc. GOOG

Headquartered in Mountain View, California, GOOG serves as a leading technology conglomerate on a global scale. Founded through the reorganization of Google on October 2, 2015, Alphabet Inc. became the parent company of Google and a group of former Google subsidiaries. With Google's co-founders at the helm as controlling shareholders, board members, and employees, Alphabet has soared to become the fourth-largest technology company by revenue, marking its status as one of the most valued entities in the field. The company's commitment to AI and its applications across various divisions, including Google's core search and advertising business, cloud computing, and autonomous driving ventures, highlight its potential for significant growth and investment allure.

Delving into Oracle Corporation ORCL

Oracle stands as an eminent force in the multinational computer technology landscape. Headquartered in Austin, Texas, after relocating from Redwood Shores, California, in December 2020, ORCL is renowned for its database software and technology, cloud engineered systems, and enterprise software products, particularly its database management systems. The company's emphasis on integrating AI into its offerings, such as its cloud services and enterprise applications, underscores its ambitious diversification and growth strategy, which may offer rising investment prospects for shareholders.

Considering the current trajectories of GOOG and ORCL, these stocks appear to be compelling choices for investors keen on leveraging the rapid advancements in AI technology. The potential for further expansion and increased market presence for Alphabet and Oracle suggests that they may indeed have 'more room to run.' In the swiftly evolving tech landscape, both companies are poised to capitalize on the transformative power of AI, making them noteworthy picks for investors aiming to fortify their portfolios with dynamic tech stocks.

Alphabet, Oracle, Investment