Oracle’s AI Bet Propels Shares to Record Highs, Ellison Surpasses Musk in Wealth

Oracle Corp. shares surged as much as 40% intraday, marking a historic rally for a company valued above $500 billion. The catalyst? A long-awaited payoff from its aggressive artificial intelligence infrastructure push. CEO Safra Catz projected Oracle Cloud Infrastructure revenue to hit $18 billion this fiscal year, scaling to $32 billion by 2027 and $144 billion within three years thereafter.

The staggering 359% year-over-year leap in booked future revenue—now at $455 billion—signals unprecedented enterprise demand. Oracle’s neutral AI architecture, capable of running models like ChatGPT within its database stack, has become a magnet for institutional adoption. Founder Larry Ellison’s net worth swelled by nearly $100 billion, dethroning Elon Musk as the world’s wealthiest person.