Overview

• Oracle shares jumped as much as about 40% after quarterly results and an aggressive outlook for its cloud infrastructure business.
• CEO Safra Catz projected Oracle Cloud Infrastructure revenue to rise 77% to $18 billion this fiscal year, with multi‑year targets that reach $144 billion by 2030.
• Larry Ellison’s estimated fortune swelled by roughly $90–100 billion, briefly placing him atop Bloomberg’s Billionaires Index before late trading left Elon Musk narrowly back in first by the close.
• Oracle reported remaining performance obligations of about $455 billion and cited multiple multibillion‑dollar contracts, with customers including OpenAI, TikTok and Nvidia alongside U.S. government work.
• Wealth rankings diverged across trackers, with Forbes still listing Musk at No. 1 and Bloomberg’s method reducing Ellison’s tally by subtracting half of his pledged Oracle shares.