Oracle's stock, ORCL, has seen a significant 14.37% increase in September, closing at 144.79. The company's strong performance is attributed to a staggering $638 billion contract backlog and a 93% surge in cloud infrastructure revenue. Total revenue rose 21% year-over-year to $19.2 billion, with analysts targeting a fair value near $253 per share.
Hewlett Packard Enterprise (HPE) has also shown strong performance, with a 15.79% increase in September. The company's quarterly report saw revenue up 40% year-over-year to $10.7 billion, with EPS of $0.79. HPE has built a $5.9 billion AI server backlog and a $3.5 billion AI contract win, with a multi-year deal supplying Oracle with high-density Juniper routing and switching systems.
Other tech stocks like Intel (INTC), AMD (AMD), and Arm (ARM) have also seen significant gains, with increases of 19.41%, 13.38%, and 12.52% respectively in September. An AI model portfolio has shown a compounded return of 198.81%, outpacing the S&P 500 by 118.53%. Past notable winners include Super Micro Computer (+185%) and AppLovin (+157%).
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