Reported about 22 hours ago
Oracle's shares soared by about 43% to a record high, driven by the announcement of multi-billion-dollar contracts, particularly with OpenAI, which is expected to significantly boost its revenues. This surge not only positions Oracle closer to the trillion-dollar valuation club but also enhances co-founder Larry Ellison’s net worth, putting him in close competition with Elon Musk for the title of the world's richest person.
Source: YAHOO