This Scorching Hot Artificial Intelligence (AI) Stock Just Exploded Higher and Could Be Headed to the $1 Trillion Club Much Earlier Than Expected

There's no denying the trajectory of artificial intelligence (AI) over the past few years. Many of the companies that have pivoted to adopt this game-changing technology have ascended the ranks of the world's largest companies when measured by market cap. When the stock market closed on Tuesday, there were 11 members of the vaunted $1 trillion club, the vast majority of which have significant ties to AI.After the market close, industry stalwart Oracle (NYSE: ORCL) reported its recent quarterly results, and despite missing Wall Street's expectations, the stock surged higher and never looked back. Why? In a stunning turn of events, the company signed numerous multibillion-dollar contracts that kicked its future growth potential into overdrive.Given the magnitude of these deals, it seems the writing is on the wall for Oracle to join this elite fraternity. The company's growth is at a tipping point, and management's commentary suggests the company has a long AI-centric runway for growth ahead.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool