Core Points - Larry Ellison, co-founder of Oracle, has reached a net worth of $393 billion, surpassing Elon Musk to become the world's richest person [1] - Oracle's stock surged over 40% in a single day, marking the largest daily increase since 1999 [3] - The company's financial services software stock in Mumbai rose by 10%, with trading volume nine times the average for the past three months [6] Company Performance - Oracle's stock has seen a cumulative increase of 46% year-to-date, recently hitting a historical high [8] - Despite average financial performance in its latest quarterly report, Oracle's cloud business data has sparked significant market interest [6] - Multiple institutions have raised Oracle's target price, with Piper Sandler increasing it from $270 to $330, and Scotiabank from $300 to $350 [6]
全球首富,换人!