Larry Ellison Nearly $100 Billion Richer As Oracle Surges In Largest Rally Since 1992
1. Oracle shares surged 38%, marking a historic single-day gain. 2. Market cap rose from $678.4B to $940B following the rally. 3. Analysts shocked by Oracle's AI growth projections and cloud revenue estimates. 4. Remaining performance obligations increased 359% to $455 billion, indicating strong future revenue. 5. Oracle's earnings fell slightly below expectations despite the stock surge.