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3d ago

Oracle Soars on AI Backlog as Ellison Briefly Overtakes Musk

Oracle said a $455 billion AI infrastructure backlog with multi-year revenue targets drove the leap.

Larry Ellison, le 21 janvier 2025 à Washington.
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Larry Ellison ne se prive de rien, pas même, tel Marlon Brando, de s'acheter des îles.
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Overview

  • Shares jumped roughly 38–43% on September 10 after results and guidance, lifting Oracle’s market value toward $1 trillion.
  • The company reported its AI infrastructure order backlog quadrupled year over year to $455 billion.
  • Oracle projected infrastructure revenue rising from about $10 billion in fiscal 2025 to as much as $144 billion in later fiscal years.
  • Bloomberg’s index recorded about a $100–101 billion one-day gain for Larry Ellison and briefly ranked him ahead of Elon Musk before Musk retook the top spot.
  • Real-time wealth trackers diverged on the standings, with Forbes’ list not showing Ellison surpassing Musk.