Larry ellison Surpasses Zuckerberg, bezos as Oracle Stock Soars
Table of Contents
- Larry ellison Surpasses Zuckerberg, bezos as Oracle Stock Soars
- Oracle’s Stock Soars to Record High
- Ellison’s Net Worth skyrockets
- Oracle’s market Cap Exceeds Expectations
- Why Oracle Stock is Surging
- Analysts Predict Continued Growth
- Ellison’s Background and Influence
- Oracle’s Key Financial Metrics
- The Rise of Cloud Computing and AI
- Frequently Asked Questions About Oracle and Larry Ellison
world's second-richest person. learn about Oracle's AI-driven growth.">
Larry Ellison, co-founder and chairman of Oracle, has once again ascended in the ranks of the world’s wealthiest individuals, now holding the second-place position, according to Forbes’ real-time billionaires list. This surge is attributed to the notable performance of Oracle’s stock, driven by increasing demand for its cloud computing services and artificial intelligence infrastructure.
Oracle’s Stock Soars to Record High
Oracle’s stock experienced a significant upswing, reaching a record high of approximately $215 per share after a 13% rally on Thursday followed by a 7% gain by midafternoon Friday. This surge reflects investor confidence in Oracle’s strategic direction and its pivotal role in the evolving tech landscape.
Did You Know? Oracle’s cloud revenue grew 25% in the latest quarter, signaling strong demand for its cloud services.
Ellison’s Net Worth skyrockets
Correspondingly, Ellison’s net worth saw a substantial increase of over $40 billion from Wednesday to Friday, reaching $258 billion. This impressive gain marks the largest daily increase among billionaires,with his fortune growing by approximately $25 billion on Thursday and $16 billion on Friday,according to Bloomberg’s Billionaires Index.
This surge propelled ellison past Amazon chairman Jeff Bezos, whose net worth is estimated at $228 billion, and Meta CEO Mark zuckerberg, with a net worth of $238 billion.
Ellison now trails only his longtime friend, Tesla CEO Elon Musk, whose net worth stands at $414 billion.
Oracle’s market Cap Exceeds Expectations
The combined market capitalization gain for Oracle over the last two trading sessions reached $104 billion. This figure surpasses the total valuation of major corporations like intel and Nike, highlighting the magnitude of Oracle’s recent growth.
Pro Tip: Investors frequently enough look at market capitalization as an indicator of a company’s overall size and stability.
Why Oracle Stock is Surging
Oracle’s recent success can be attributed to its strong performance in the cloud computing sector. A recent earnings report revealed adjusted earnings per share of $1.70 and revenue of $15.9 billion, exceeding Wall Street’s expectations. Analysts at Deutsche Bank have described this earnings update as a “watershed” moment for Oracle, emphasizing the company’s position as a driving force in generative and agentic AI.
Analysts Predict Continued Growth
Analysts predict that Oracle’s fiscal year 2026, starting this month, will mark a “major inflection point” for its core cloud infrastructure service. This growth is expected to be fueled by significant demand for AI training workloads, according to TD Cowen analyst Derrick Wood.
Ellison’s Background and Influence
Larry Ellison co-founded Oracle in 1977 and currently owns approximately 41% of the company.Beyond Oracle, Ellison has been involved in various ventures, including serving on Tesla’s board of directors from 2018 to 2022. He has also made significant contributions to political campaigns and has invested in real estate, including the purchase of a Hawaiian island for $300 million. Ellison recently appeared alongside President Donald Trump to introduce Stargate, a collaborative effort between Oracle, SoftBank, and OpenAI to enhance the U.S.’s AI capabilities.
Oracle’s Key Financial Metrics
| Metric | value |
|---|---|
| Oracle Stock Price (Friday) | ~$215 per share |
| ellison’s Net Worth | $258 Billion |
| Oracle’s Market Cap Gain | $104 Billion |
The Rise of Cloud Computing and AI
The surge in Oracle’s stock price and Larry Ellison’s net worth reflects the broader trend of increasing demand for cloud computing and AI technologies. As businesses continue to migrate to the cloud and invest in AI solutions, companies like Oracle, which provide essential infrastructure and services, are poised for continued growth. According to Gartner,worldwide end-user spending on public cloud services is forecast to grow 20.4% in 2024 to total $678.8 billion, up from $563.6 billion in 2023 Gartner.
Frequently Asked Questions About Oracle and Larry Ellison
What are Oracle’s primary business areas?
Oracle specializes in enterprise software,cloud computing,and data storage solutions,serving a wide range of industries globally.
How does Oracle contribute to the AI landscape?
Oracle provides essential cloud infrastructure and services that support AI training and development, playing a crucial role in advancing AI technologies.
What other investments has Larry Ellison made?
besides oracle, Larry Ellison has invested in real estate, including a Hawaiian island, and has been involved in various political and philanthropic endeavors.
What are your thoughts on Oracle’s future in the AI landscape? How will cloud computing evolve in the next few years?
Disclaimer: This article provides data for general knowledge and informational purposes only, and does not constitute financial advice. Consult with a qualified financial advisor before making any investment decisions.
Share this article and join the discussion! Subscribe to our newsletter for more updates on business and technology.
