On Thursday, Oracle's stock rose over 4%, hitting a record high and up more than 50% this year! The company is considered one of the main beneficiaries of the current AI market.

In recent months, Oracle has signed cloud computing contracts worth hundreds of billions of dollars and announced plans to develop GW-level data center computing resources to serve enterprise clients such as OpenAI.

Earlier this month, the Stargate collaboration with OpenAI in Japan rented large-scale additional computing power from Oracle.

Oracle's revenue last quarter far exceeded market expectations, and CEO Safra Catz stated that 2026 will be an even better year.

Benefiting from the AI cash flow craze, the 80-year-old founder Larry Ellison has jumped to second place on the Bloomberg Billionaires Index for the first time on Tuesday (15th), with a net worth of $251.2 billion, surpassing Meta CEO Mark Zuckerberg.$XRP