One of the market’s more unsung tech giants was launched into the ranks of elite AI players after earnings revealed an aggressively bullish sales forecast.

Oracle stock, a poster child of the dot-com tech boom, is putting up huge numbers on Wednesday, driven by a blockbuster quarterly earnings report. The move was so large it catapulted its co-founder and CTO, Larry Ellison, to the title of world’s richest person, surpassing Tesla CEO Elon Musk.

Here are the big numbers behind Oracle’s record-setting day.

The stock move

• Shares rallied 43% to an intraday high of $345.68 on Wednesday, representing the stock’s largest-ever increase in a single trading day.
• The stock is up 102% year-to-date.
• Shares are up more than 700% from their peak during the dot-com bubble.

Larry Ellison becomes the richest person in the world

• Ellison’s net worth rose by more than $100 billion to a total $393 billion. That puts him ahead of Tesla CEO Elon Musk, whose total wealth is worth around $385 billion, according to the Bloomberg Billionaires Index.
• He has now doubled his net worth in 2025 alone, bringing his year-to-date increase to more than $200 billion.

The key forecast

• The company has over $455 billion in remaining performance obligations, or expected future revenue from contracts.
• That is roughly four times that of Google, suggesting that Oracle’s “cloud-growth rate is poised to surpass” Google’s, according to Bloomberg Intelligence.
• Cloud revenue is expected to increase 77% this fiscal year to $18 billion. It rose 28% to $7.2 billion in the last quarter.
• The figure is expected to hit $144 billion by the end of the decade.