Oracle's best week on the stock market since 2021 has bolstered Chairman Larry Ellison's net worth, briefly edging him past Amazon founder Jeff Bezos on Friday to become the world's second-richest person.Ellison's net worth reached $208.4 billion shortly after the market open, then fell to $199 billion, according to Forbes' real-time billionaires list. Bezos, who has claimed the title of world's second-richest person on and off over the years, is worth $205 billion. Only Tesla CEO Elon Musk, at $252 billion ...

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Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Oracle. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

ToplineAnother rally from software giant Oracle propelled its chairman Larry Ellison to the second spot on Forbes’ rankings of the wealthiest people on the planet briefly on Friday, joining his self-described “very close friend” Elon Musk at the top of the list. Larry Ellison smiles as he chats to Elon Musk last year.Getty Images Key FactsEllison’s net worth rose by $11 billion shortly after market open, jumping from $197 billion to as high as $208.4 billion amidst by far the largest daily jump in net worth ...

KEY TAKEAWAYSOracle shares surged in premarket trading Friday, a day after a senior executive told analysts its annual revenue will rise to at least $104 billion in fiscal 2029.Executive Vice President Doug Kehring's projections, which Citi analysts called "lofty," come just days after the software maker posted Wall Street-beating quarterly results.Oracle also raised its sales outlook for fiscal 2026 to at least $66 billion from a prior target of $65 billion, ahead of the $64.8 billion consensus estimate of ...

While Nvidia Corp and Meta Platforms Inc META have dominated the headlines with their AI advancements, Oracle Corp ORCL is making a quiet but impressive climb.The cloud and database giant has been one of the best performers in large-cap tech this year, trailing Nvidia, yet ahead of Meta. Oracle's recent earnings report sent its stock surging 11%, adding to the 49% gain for 2023. While Nvidia's AI dominance remains a major talking point, Oracle's stealthy cloud growth is starting to win over investors.Oracle ...

The database company has staged a comeback.Once considered the after-ran of the cloud computing industry behind the big three players in the industry, Oracle (ORCL 2.67%) showed with its fiscal first-quarter results that it, too, is benefiting from the boom in artificial intelligence (AI) spending.Let's take a close look at the company's most recent results and how it is benefiting from AI.Cloud revenue leads the wayOracle's overall fiscal Q1 revenue rose 7% to $13.3 billion, but it was the 21% jump in clou ...

Oracle Corp. CEO Safra Catz walks on the floor of the New York Stock Exchange as Oracle rang the opening bell in celebration of its 10th anniversary of listing on the exchange in New York on July 12, 2023.Oracle shares rose about 6% in extended trading on Thursday after the database software maker raised its fiscal 2026 revenue guidance and issued a heady forecast for the 2029 fiscal year.At an analyst meeting coinciding with the Oracle CloudWorld conference in Las Vegas, the company said it now sees at lea ...

Despite its age and prominence, the company is on the move, and investors are pleased about that.Investors gazing into their crystal balls this morning would have seen Oracle (ORCL 2.67%) stock rising by almost 3% across Thursday's trading session. The busy database specialist held a meeting with financial analysts that morning in which it discussed a host of news items, and clearly those prognosticators liked what they heard. One went so far as to publish a fresh research note on the company reiterating hi ...

krblokhinAMZN stock: previous thesis and new developments I last wrote on Amazon stock (NASDAQ:AMZN) a bit more than a month ago, shortly after the release of its Q2 earnings report (“ER”). As you can see from the screenshot below, that article was titled "Amazon Q2: Be Greedy When Others Are Fearful”. As the title already gave away, the article was a review of its ER and argued for a buy rating amid the selloff following its ER. Quote: The market's fear over a potential AI bubble certainly has good rea ...