Oracle shares surge 43%, co-founder Ellison tops Musk as world’s richest

September 11, 2025

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.

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