Oracle shares surge 43%, co-founder Ellison tops Musk as world’s richest
New York: Oracle shares gained the most since 1992 after the company gave an aggressive outlook for its cloud business, cementing the software maker’s place in the race to support demand for artificial intelligence computing.
The stock surged as much as 43% Wednesday mid-morning in New York, bringing its market valuation to $969 billion and making co-founder Larry Ellison the world’s richest person, surpassing Elon Musk.
