Oracle shares saw a significant surge. This happened after a strong forecast for its cloud sector. Larry Ellison’s wealth increased substantially. He briefly surpassed Elon Musk as the world’s richest person. OpenAI plans a large purchase of Oracle’s computing power. Oracle is becoming a major player in AI cloud computing. It competes with Microsoft and Google.
India’s weight in global emerging-market ETFs rises again
India’s weight in major global emerging-market ETFs has begun to recover recently. This rise follows a steady decline over the past year, showing improved performance.