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Larry Ellison is $110 billion richer after blowout Oracle earnings report

1. Oracle's cloud growth projections fueled a 40% stock surge. 2. Remaining performance obligation surged 359% to $455 billion. 3. Ellison's net worth rose to $391 billion, competing with top billionaires. 4. Oracle aims for $144 billion in cloud revenue by fiscal 2030. 5. Firm remains a major player in AI infrastructure, partnering with top firms.

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FAQ

Why Very Bullish?

Oracle's substantial cloud growth projections and performance obligations signal strong future demand, akin to historical growth spurs seen by companies like Amazon AWS.

How important is it?

The dramatic improvements in Oracle's growth metrics are likely to encourage investor confidence and drive stock prices, particularly in the tech sector.

Why Long Term?

Continuous investment in AI and cloud infrastructure positions Oracle for sustained growth over the next few years, similar to Microsoft during its cloud phase.

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