The Economic Timesยท2025-09-11 05:20Company Overview - Oracle's shares increased by approximately 36%, resulting in a market cap gain of $244 billion, bringing its total market value to $922 billion, making it the 12th most valued firm globally and on track to join the $1 trillion club [1][8] - The company's founder, Larry Ellison, saw his net worth rise by $88.5 billion in a single day, briefly surpassing Elon Musk as the world's richest billionaire, with a current net worth of $383 billion [5][8] Financial Projections - Oracle projects its cloud infrastructure revenue to grow from $10.3 billion in fiscal 2025 to $144 billion by fiscal 2030, with interim targets of $18 billion in fiscal 2026, $32 billion, $73 billion, and $114 billion in the following years [1][7][8] - The company has recently secured four multi-billion-dollar contracts, including a significant $300 billion contract with OpenAI for computing power over five years, marking one of the largest cloud contracts ever signed [6][8] Market Position - Oracle is emerging as a key provider in the cloud computing market, competing with major players such as Amazon, Microsoft, and Google, and is recognized as a significant enabler of AI technology [7][8] - Analysts from Bank of America have upgraded Oracle's stock to "buy" from "neutral," citing its "exceptional backlog" as a factor solidifying its position in the AI sector [8]