Overview
- Oracle shares leapt roughly 36% to 40% in a single NYSE session after results and a bullish AI infrastructure forecast, briefly pushing its market value toward $1 trillion.
- Oracle reported its backlog quadrupled year over year to $455 billion and projected infrastructure revenue rising to $144 billion by 2030 after $18 billion this fiscal year.
- Ellison’s net worth jumped about $101 billion to roughly $393 billion, the largest one-day increase recorded by Bloomberg’s Billionaires Index.
- His estimated 41% stake in Oracle amplified the market move into an outsized gain in personal wealth.
- Rich-list standings differed by methodology, with Bloomberg showing Ellison at No. 1 as some outlets noted Elon Musk back on top later and Forbes never showing Ellison ahead.