Oracle nears $1 trillion valuation, Ellison edges toward richest-person title
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Oracle's shares surged, nearing a $1 trillion valuation, driven by its AI cloud business and multi-billion-dollar deals. The stock's rise has positioned co-founder Larry Ellison to potentially surpass Elon Musk as the world's richest person. Oracle's market valuation reached $933 billion, with shares up nearly 36% recently, outperforming the S&P 500. Ellison's net worth increased by $100 billion to $392.6 billion, fueled by his significant stake in Oracle, which trades at a premium compared to competitors like Amazon and Microsoft.
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