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Why Veritone Inc (VERI) Is Moving Its AI Services to Oracle Cloud
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The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational. Veritone, Inc. (NASDAQ:VERI) is among the best AI stocks to buy under $25. To serve its clients better and stay competitive, Veritone, Inc. (NASDAQ:VERI) announced on March 26 that it has picked Oracle as its preferred cloud provider. That means Veritone is moving its artificial intelligence services to Oracle cloud, and it expects many benefits from this migration. It says this move will enhance the performance, security, and scalability of its offerings and allow it to stay ahead in an AI-driven world. christina-wocintechchat-com-FVgECvTjlBQ-unsplash In Veritone’s industry, how you deliver a product can make a world of difference. Veritone understands this, which is why it has decided to migrate its AI solutions to what it considers a better cloud platform. Veritone CEO Ryan Steelberg said the Oracle cloud partnership will strengthen the company’s leadership in managing complex AI workflows. The executive added that the Oracle arrangement bolsters Veritone’s commitment to deliver robust and dynamic AI solutions. With the Oracle deal, Veritone sees an expanded opportunity to grow its business with media and public sector clients. Veritone is forecasting 2026 revenue in the band of $130 million to- $145 million. The midpoint of this guidance tops the consensus estimate of $129.3 million. The company exited 2025 with $27.4 million cash and cash equivalents. Veritone Inc (NASDAQ:VERI), based in California, provides software services to public sector and commercial clients. It offers a software application that can transform unstructured data from sources like video, audio, and text into actionable intelligence. This way, Veritone helps improve the decision-making process for clients. While we acknowledge the potential of VERI 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. READ NEXT: 8 Must-Buy Small Cap Stocks to Buy and 10 Best Medical AI Stocks to Buy Now. Disclosure: None. Follow Insider Monkey on Google News.
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