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On Thursday, Oracle rose over 4% during trading, reaching a historic high, with an increase of over 50% this year! The company is considered one of the main beneficiaries of the current AI market.
In the past few months, Oracle has signed cloud computing contracts worth hundreds of billions of dollars and announced the development of GW-level data center computing resources to provide services for enterprise clients such as OpenAI.
Earlier this month, OpenAI collaborated with Japan's Stargate to lease large-scale additional computing power from Oracle.
Oracle's revenue in the last quarter far exceeded market expectations, and CEO Safra Catz stated that 2026 will be an even better year.
Taking advantage of the AI money-making craze, 80-year-old founder Larry Ellison on Tuesday (15 jumped to second place on the Bloomberg Billionaires Index for the first time, with a net worth of $251.2 billion, surpassing Meta CEO Mark Zuckerberg. $XRP
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