Is Oracle (ORCL) The Best AI Stock to Buy on the Dip? These US Congress Members Were Piling Into the Stock

We recently published 10 Best AI Stocks to Buy According to American Politicians. Oracle Corp (NYSE:ORCL) is one of the best AI stocks to buy.

Congressman Michael T. McCaul’s spouse bought Oracle Corp (NYSE:ORCL) shares worth between $1,000 and $1,5000 on Sept. 11, according to his disclosures made in October. The stock is down 15% since then. Congressman Cleo Fields bought Oracle shares with a total worth between $15,000 and $50,000 on Sept. 23.

Oracle is down 15% over the past month as enthusiasm around its OpenAI deal subsides amid concerns about AI business margins and questions related to OpenAI's ability to raise money to pay the company, as well as valuation worries.

Photo by Adam Nowakowski on Unsplash

Headwaters Capital Management stated the following regarding Oracle Corporation (NYSE:ORCL) in its third quarter 2025 investor letter:

“The catalyst for the September AI trade was Oracle Corporation’s (NYSE:ORCL) announcement of a 5-year contract with OpenAI for $300B (implying annual contract value of $60B) to host the company’s LLMs at Oracle data centers beginning in 2027. While the market has grown desensitized to these large headline numbers, it’s useful to step back and put these figures into context from the perspective of both the magnitude of spending and return on investment. It’s easiest to start with the amount of investment that five companies are collectively spending on AI. The table below outlines CAPEX spending by the five hyperscalers and compares it with the other 495 companies in the S&P 500. In 2026, these five hyperscaler companies are expected to spend $405B of CAPEX, nearly all of this related to AI infrastructure build.

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While we acknowledge the potential of ORCL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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

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