Elon Musk Was Just Unseated as the World’s Richest Person
Oracle Chairman Larry Ellison is having a good morning. Oracle’s stock is up more than 42% on Wednesday, thanks to an earnings call on Tuesday that left investors stunned. The company missed earnings and revenue estimates, but the forward looking guidance alone was apparently good enough to get investors to rally around it. A bulk of that reaction had to do with the revenue that AI computing demand was expected to bring to Oracle’s cloud infrastructure service. The shares skyrocketed in respo