Oracle (ORCL) and Meta Reportedly in Talks for $20 Billion AI Cloud Deal

Oracle Corporation (NYSE:ORCL) ranks among the best hot AI stocks to buy right now. Bloomberg reported on September 19 that Oracle Corporation (NYSE:ORCL) and Meta Platforms are negotiating a $20 billion cloud computing deal. Under the potential multiyear arrangement, Oracle Corporation (NYSE:ORCL) would supply Meta with processing capacity for the training and deployment of artificial intelligence models.

This potential deal would continue Oracle’s recent run of wins in the cloud infrastructure market, although the total commitment amount might go up and other conditions might alter before the final agreement is reached. In a similar vein, the company’s stock price reached an all-time high just a week ago after it announced a significant increase in bookings.

Oracle Corporation (NYSE:ORCL) is a leading IT solutions company that offers a variety of products, such as cloud infrastructure, software, and apps.

While we acknowledge the potential of ORCL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.