Oracle’s strategic AI move boosts shares over 30%, propelling Ellison ahead of Musk as the world’s richest individual

Oracle shares increased dramatically, boosted by a strong AI infrastructure and substantial future revenue projections. The company’s AI pivot signifies a robust interest from major enterprises looking to leverage its services.

With a projected future revenue of 455 billion USD and expected growth in cloud services, Oracle is set for a transformational period. The forecast includes 18 billion USD in revenue for FY 2025.

Larry Ellison’s net worth saw significant growth, bringing it to nearly 400 billion USD and positioning him as the richest person in the world, surpassing Elon Musk, amidst analysts raising price targets for Oracle.