Oracle's Stock Rally Lifts Larry Ellison's Net Worth Up by $100B in One Day
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Oracle's stock surge has increased Larry Ellison's net worth by $100 billion in one day, making him briefly the world's richest person. With a 40% stake in Oracle, Ellison's wealth is closely tied to the company's performance, which now has a market cap of $922 billion. Despite a mixed earnings report, Oracle's cloud revenue is projected to reach $144 billion by FY 2030, driven by significant AI contracts. Analysts rate ORCL stock as a Moderate Buy, with a price target suggesting a potential downside of 3.6%.
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