
Oracle Corp’s (NYSE:ORCL) shares soared over 40% on Wednesday, a day after posting its earnings powered by booming demand for AI infrastructure, pushing CEO Larry Ellison ahead of Tesla Inc (NASDAQ:TSLA) scion Elon Musk as the world’s wealthiest individual.
Beyond the headline wealth change, the move has considerable implications for ETFs, showing how AI infrastructure is becoming more integral to broad-market and thematic funds alike.