Overview

• Oracle stock jumped roughly 39%–41% in Wednesday trading after executives detailed major AI contracts and stronger multi‑year cloud infrastructure growth.
• Larry Ellison, who owns about 41% of Oracle, saw his net worth rise by more than $100 billion to around $393–397 billion, the largest single‑day increase recorded by Bloomberg’s index.
• Safra Catz said Oracle signed four multimillion‑dollar deals that lifted the backlog 359% to $455 billion and guided OCI revenue to $18 billion this fiscal year, with projections reaching $144 billion in five years.
• The company raised capital spending plans to about $35 billion to scale data‑center capacity, with reported arrangements including OpenAI’s roughly 4.5‑gigawatt lease and participation in the Stargate initiative with OpenAI and SoftBank.
• Bloomberg now lists Ellison as the world’s richest person, though Forbes’ real‑time tracker still shows Musk ahead, reflecting differing valuation methods and rankings that can shift with market moves.