Oracle takes a breather after AI-powered record run toward $1 trillion club

Core Insights - Oracle shares experienced a decline of approximately 4% after a significant surge of 35.9% the previous day, bringing the company's market valuation to a record $933 billion, which is projected to decrease to around $894 billion if losses persist [2][3] - The company's co-founder, Larry Ellison, has a net worth of approximately $371.7 billion, primarily due to his 41% stake in Oracle, positioning him close to the title of the world's richest person, currently held by Tesla CEO Elon Musk with a fortune of $441.2 billion [2] Group 1 - Oracle's order backlog is expected to reach half a trillion dollars in the coming months, indicating strong demand for its services [3] - A significant deal has been reported between OpenAI and Oracle, valued at $300 billion for computing power, marking one of the largest agreements in history [3] - Oracle's stock has nearly doubled in value this year, outperforming many other stocks in the S&P 500 index, including the so-called Magnificent Seven [4] Group 2 - The median price target for Oracle's stock is $342, suggesting an upside of around 9% from its current price of $314.45 [4] - Oracle's shares are trading at a premium compared to its cloud services peers, with a 12-month forward price-to-earnings multiple of 45.3, significantly higher than Amazon's 31.3 and Microsoft's 31 [4]