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INSANE: 31 | Rare Historical Photos

AI hype has just shaken up the world’s rich list. What if the boom is really a bubble?

Just for a moment this week, Larry Ellison, co-founder of US cloud computing company Oracle, became the world’s richest person. The octogenarian tech titan briefly overtook Elon Musk after Oracle’s share price rocketed 43% in a day, adding about US$100 billion (A$150 billion) to his wealth.

The Conversation

2 Reasons to Scoop Up Rubrik Stock and Hold on for Life

Rubrik is well-positioned to benefit from the growing demand for data and data security driven by AI. Analysts are leading the stock to a new high.

MarketBeat

Elon Musk Lost $48 Billion This Year—But He's Still As Rich As Mark Zuckerberg And Bill Gates Combined

It's been a busy and rough year for Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk. Working with the White House administration under President Donald Trump may be hurting the billionaire's wealth thanks to a declining Tesla share price, but he remains the world's richest person.

Benzinga

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Oracle's 40% Moonshot Put Defiance's ORCX ETF On The Map

Oracle Corp‘s (NYSE:ORCL) staggering 40% single-day jump on Wednesday shook Wall Street, and landed Defiance ETFs’ Daily Target 2X Long ORCL ETF (NASDAQ:ORCX) fund in the spotlight. The 2× daily leveraged ETF, created to amplify Oracle’s movements by 200%, put investors front and center of the rally.

Benzinga

Who is The Richest Man in the World: Tesla's Elon Musk or Oracle's Larry Ellison?

Oracle's Larry Ellison briefly surpasses Elon Musk as the world's richest person with $395bn fortune after Oracle shares surge 40% on AI cloud computing boom.

International Business Times UK

Absci Boosts AI-Powered Drug Discovery With Oracle And AMD Collaboration

Absci Inc. (NASDAQ:ABSI) on Thursday collaborated with Oracle Corporation’s (NASDAQ:ORCL) Oracle Cloud Infrastructure (OCI) and AMD Inc. (NASDAQ:AMD) to accelerate generative AI-driven drug discovery.

Benzinga

Not just Larry Ellison got a huge payday this week—Oracle’s CEO is worth over $3.4 billion after stock surge

Not just Larry Ellison got a huge payday this week—Oracle’s CEO is worth over $3.4 billion after the company's stock surged by over 30%.

Fortune

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Oracle's $300 billion deal with OpenAI briefly knocked Elon Musk off the world's richest person spot, replaced instead by the company's head honcho, Larry Ellison

Spare any change, guv?

PC Gamer

OpenAI signs contract to buy $300 billion worth of Oracle computing power over the next five years — company needs 4.5 gigawatts of power, enough to power four million homes

OpenAI and Oracle have signed one of the largest technology deals in history, worth $300 billion. Over five years starting in 2027, Oracle will provide OpenAI with over 4.5 gigawatts worth of computing power to help power ChatGPT and other AI products and services.

Tom’s Hardware

Famed Short Seller Jim Chanos Targets Oracle For Old 'Accounting Issues,' Says ORCL's $300 Billion Deal Backlog With OpenAI Doesn't Begin Till 2027

Famed short-seller Jim Chanos has publicly questioned the quality of Oracle Corp.'s (NYSE:ORCL) massive new backlog, arguing a cornerstone $300 billion deal with OpenAI is risky, years away from starting, and reminiscent of the company’s past accounting controversies.

Benzinga

OpenAI Locks In $300 Billion Cloud Deal With Oracle

Oracle is in the headlines today, as the company has signed a massive deal with AI giant OpenAI. According to the report from the Wall Street Journal,

Geekflare

Larry owes Jensen, big time.

Most of Oracle's surging revenue is coming from a $300 billion deal with OpenAI. Plus: Tucker Carlson grills OpenAI's Sam Altman, Klarna's IPO pops, and Microsoft goes back to the office.

Fortune

Stocks Rise Before the Open With Key U.S. Inflation Data in Focus

September S&P 500 E-Mini futures (ESU25) are up +0.16%, and September Nasdaq 100 E-Mini futures (NQU25) are up +0.15% this morning as investors refrain from making any big bets ahead of key U.S. inflation data that is expected to shape expectations for the Federal Reserve’s interest rate path this year.

Barchart

What's Going On With Oracle Stock Thursday?

OpenAI struck a five-year deal with Oracle (NYSE:ORCL) to purchase $300 billion of computing power. The contract reflects continued artificial intelligence frenzy, even as concerns of a bubble mount.

Benzinga

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Benzinga

SoftBank Rockets 10% On Tokyo Exchange As Oracle's $455 Billion AI Stargate Deals Spark Investor Frenzy

SoftBank Group Corp. (OTC:SFTBY) (OTC:SFTBF) shares jumped 9.98% to 17,905 JPY ($121.14) on Thursday’s Tokyo trading session, building on massive year-to-date gains of 93.90% as investors bet on the company’s role in Oracle Corp.‘s (NASDAQ:ORCL) record-breaking artificial intelligence infrastructure deals.

Euronews

Elon Musk briefly lost the 'world's richest person' title to Oracle's Larry Ellison

Oracle's shares soared over 40% on Wednesday before slipping slightly, boosting co-founder Larry Ellison's fortune beyond the Tesla CEO's wealth for a few hours.

The Guardian - US

Larry Ellison: Oracle co-founder who overtook Musk as world’s richest person

Tycoon who briefly surpassed Elon Musk is a friend of Trump, owner of Hawaiian island and father of man who took over CBS

The Independent UK

Asian shares are mostly up after US stocks inch to more records as inflation slows and Oracle soars

Asian shares are mostly higher, buoyed by gains of tech-related stocks after Wall Street inched to more records following a surprisingly encouraging report on inflation and a stunning forecast for growth from Oracle because of the AI boom

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Evening Standard

FTSE 100 Live 11 September: Trainline shares surge, John Lewis loss widens

John Lewis Partnership today posted a half-year loss after highlighting the impact of higher National Insurance costs.

Benzinga

Oracle Surges In After-Hours Trading After Popping 36%, Larry Ellison Briefly Becomes Richest Person

Oracle Corp. (NYSE:ORCL) shares are trending on Thursday.

Benzinga

AI's New Cloud King: Oracle's Rally Could Rewrite ETF Playbooks

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.

Barchart

Stocks Supported as Easing Price Pressures Reinforce Fed Rate Cut Hopes

The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed up +0.30%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.48%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.04%. September E-mini S&P futures (ESU25 ) rose +0.28%, and September E-mini Nasdaq futures...

Kiplinger

S&P 500 Hits New High After Oracle Earnings: Stock Market Today

Another down day for Apple held the Dow Jones Industrial Average back, though.

Benzinga

CoreWeave Stock Ignites, Fueled By Venture Fund And AI Cloud Frenzy

CoreWeave, Inc. (NASDAQ:CRWV) shares climbed Wednesday alongside other AI-related names after Oracle issued bullish cloud infrastructure guidance with its Q1 earnings report.

Benzinga

Options Corner: Cisco Just Flashed A Rare Signal That Risks Arousing Bearish Traders

As a networking giant, Cisco Systems Inc (NASDAQ:CSCO) essentially provides the default plumbing of the internet and enterprise IT. By connecting data centers, branch offices and telecom networks, it plays a critical role in the broader dissemination of information. At the same time, competitive pressures are rising, thus raising questions…

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