Oracle stock turns 2025’s multibagger; Larry Ellison beats Elon Musk to become world’s richest man

Oracle shares soared 41% on Nasdaq after unveiling an AI Center of Excellence for healthcare. The rally pushed year-to-date gains above 100% and lifted co-founder Larry Ellison past Elon Musk as the world’s richest man. The surge was amid high volumes as nearly 43 million shares changed hands around 10:06 AM ET (7:40 India time).

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