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Core Viewpoint - Oracle's stock surged over 30% due to successful developments in its AI infrastructure business, leading to significant financial gains for its CEO, Larry Ellison, who briefly became the world's richest person [2][6][11]. Group 1: Financial Performance - Oracle's stock price reached a high of $345.72, opening at $319.19, with a trading volume of 132 million shares and a market capitalization of approximately $933 billion [4]. - The company's revenue from its Oracle Cloud Infrastructure (OCI) is projected to reach $18 billion in the current fiscal year and grow to $32 billion by fiscal year 2027, ultimately aiming for $144 billion in three years [6]. - Oracle reported a staggering 359% year-over-year increase in its "remaining performance obligations," totaling $455 billion, with backlogged orders nearing $500 billion [8]. Group 2: Strategic Developments - Oracle has secured a cloud contract with OpenAI worth up to $300 billion and formed partnerships with major AI companies like Meta and xAI [6]. - The company's neutral stance in the AI arms race and its involvement in the Stargate initiative, aimed at enhancing U.S. AI infrastructure, have positioned it as a preferred computing provider [8][11]. - Oracle claims to offer AI inference capabilities that can run models like ChatGPT, Gemini, and Grok directly within its database stack, providing unmatched convenience for large enterprises [10]. Group 3: Leadership and Personal News - Larry Ellison's net worth increased by approximately $100 billion, reaching between $393 billion and $400 billion, as a result of the stock price surge [11]. - Ellison's personal life has also garnered attention, particularly his much younger wife, Jolin Zhu, who has a background in international studies [12].