Reported about 5 hours ago
Oracle's stock experienced a remarkable 36% surge, marking its best day since 1992, after announcing a significant backlog of $455 billion, driven by demand for AI infrastructure. This leap in stock value briefly made co-founder Larry Ellison the world's richest person, surpassing Elon Musk. Following the announcement, analysts have raised their price targets for Oracle, recognizing its growth potential in the tech sector.
Source: YAHOO