Race to the top: Why Larry Ellison's net worth went up by over $100 billion; Oracle CTO briefly overtakes Elon Musk to become world’s richest man
Oracle's stock surged after a strong earnings report highlighting multi-billion-dollar AI contracts, briefly elevating Larry Ellison to the world's richest person. The company projects significant cloud infrastructure revenue growth driven by AI, while Tesla's shares have struggled due to declining sales and market share, impacting Elon Musk's wealth.
Oracle's stock surged after a strong earnings report highlighting multi-billion-dollar AI contracts, briefly elevating Larry Ellison to the world's richest person. The company projects significant cloud infrastructure revenue growth driven by AI, while Tesla's shares have struggled due to declining sales and market share, impacting Elon Musk's wealth.
