Larry Ellison, co-founder of Oracle, just pulled off the biggest one-day wealth gain in history — over $100 billion. For a brief moment, he overtook Elon Musk as the richest person in the world. This stunning leap was driven by Oracle’s soaring stock, following an explosive earnings report and massive AI-related cloud deals. Oracle now has contracts with OpenAI, xAI, Meta, and more. Its projected revenue is set to grow 14-fold by 2030. But can this momentum last? With heavy competition and risks in the AI sector, questions remain.
