Billionaire Ken Fisher highlights tech stocks' strength, particularly "Magnificent Seven," in the current bullish market.

From Yahoo Finance: 2025-04-10 17:46:00

Billionaire Ken Fisher highlights the strength of tech stocks, particularly the “Magnificent Seven,” in the current market. Tech stocks have historically outperformed during market upswings, making them strong performers in bullish environments. Fisher emphasizes the importance of maintaining exposure to tech-driven growth stocks for higher returns.

Oracle Corporation (ORCL) ranks 11th on Fisher Asset Management’s list of top tech stocks. In Q3 of fiscal year 2025, ORCL reported revenue growth of 6% year-over-year, driven by a 10% increase in cloud services revenue. The company plans to invest $16 billion in capital expenditures for AI initiatives. ORCL also increased its quarterly dividend to 50 cents per share.

Artisan Global Opportunities Fund sees potential in Oracle’s profit cycle as it transitions to higher-margin cloud services. ORCL’s goal of reaching $104 billion in revenue by 2029 indicates a potential acceleration in annual revenue growth. The fund sees ORCL as a strong buy opportunity amid a market shift towards cloud computing and AI technologies.

While ORCL shows promise, some believe AI stocks offer greater potential for higher returns in a shorter timeframe. Investors looking for undervalued AI stocks with significant upside potential may find opportunities outside of traditional tech stocks like ORCL. Consider exploring AI stocks for potential growth opportunities in the market.



Read more at Yahoo Finance: Among the Top Tech Stocks to Buy According to Billionaire Ken Fisher