
Oracle’s latest earnings quarter shocked Wall Street and sent its stock soaring on an AI-fueled wave of optimism. Shares of Oracle jumped as much as 35–40% intraday and closed up about 36% on Wednesday, marking the company’s largest one-day gain in over three decades startupnews.fyi. This remarkable rally added roughly $250 billion to Oracle’s market capitalization and briefly vaulted Larry Ellison – who owns about 40% of Oracle – to the top of global wealth rankings startupnews.fyi. Ellison’s net worth climbed by nearly $100 billion in a day to around $393 billion, putting him neck-and-neck with Tesla’s Elon Musk in some real-time wealth estimates reuters.com calcalistech.com.
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