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4w ago

Oracle’s AI Cloud Boom Ignites Record Rally as Ellison Briefly Tops Wealth Rankings

Investor enthusiasm reflects Oracle's enormous AI backlog paired with aggressive multi-year OCI targets.

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Not just Larry Ellison got a huge payday this week—Oracle’s CEO Safra Catz is worth over $3.4 billion after stock surged by over 30%.
Larry Ellison reacts, at the White House, in Washington, U.S. February 3, 2025. REUTERS/Elizabeth Frantz/File photo

Overview

  • Shares jumped as much as 43% after the earnings release, pushing market value toward $933 billion before a modest pullback and a roughly 4% dip the next day.
  • Larry Ellison’s fortune rose by about $100 billion at the peak, briefly eclipsing Elon Musk before Bloomberg’s index showed Musk back on top by roughly $1 billion at the close.
  • Oracle projected OCI revenue of $18 billion this fiscal year, up 77%, with targets of $32 billion, $73 billion, $114 billion and $144 billion over the following four years.
  • The company cited remaining performance obligations of about $455 billion and disclosed multi‑billion‑dollar AI contracts with marquee clients including OpenAI, Meta, Nvidia and xAI, with media reporting a $300 billion OpenAI pact that has not been independently confirmed on the record.
  • CEO Safra Catz’s net worth climbed by more than $400 million to roughly $3.4 billion, as she emphasized Oracle’s position as a go‑to provider for AI workloads.