Larry Ellison Loses $24 Billion As Oracle Shares Slide
1. Oracle shares dropped 7%, marking its second-largest decline this year. 2. Executives project 31% annual revenue growth, targeting $225 billion by 2030. 3. Analysts raised price targets to $400, citing strong growth estimates. 4. Stock decline attributed to lack of details on capital expenditures. 5. Oracle's cloud business shows promise, with significant contracts signed recently.