Larry Ellison Just Beat Musk

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Read time: 5 min

News of the Day

New Richest Man Alive Named

Oracle’s stock surge makes Larry Ellison the world’s richest man.

Oracle shocked Wall Street with a record-breaking 40% single-day stock price, not from current earnings but from AI-driven projections, pushing Larry Ellison’s wealth above Elon Musk.

• Oracle stock soared 40%, the biggest rise in company history

• Ellison’s fortune grew by $100 billion overnight

• The rally came despite weak earnings, fueled by AI hopes

This shows how much confidence investors are placing in the future of generative AI, but also underlines the risks since Oracle’s value depends on whether companies like OpenAI can turn massive hype into real profit.
Read more…

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Social Media

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