PANews reported on September 11th that Oracle's stock price surged approximately 36% in a single day, boosting its market capitalization to approximately $922 billion, driven by surging demand for AI-related data centers. Oracle co-founder Larry Ellison's net worth briefly increased by $89 billion, briefly surpassing Elon Musk as the world's richest man. At market close, Musk's net worth was $384.2 billion, $1 billion ahead of Ellison. Analysts estimate Oracle's AI service backlog to be $455 billion.PANews reported on September 11th that Oracle's stock price surged approximately 36% in a single day, boosting its market capitalization to approximately $922 billion, driven by surging demand for AI-related data centers. Oracle co-founder Larry Ellison's net worth briefly increased by $89 billion, briefly surpassing Elon Musk as the world's richest man. At market close, Musk's net worth was $384.2 billion, $1 billion ahead of Ellison. Analysts estimate Oracle's AI service backlog to be $455 billion.
Musk regains title of richest man, but only by $1 billion
PANews reported on September 11th that Oracle's stock price surged approximately 36% in a single day, boosting its market capitalization to approximately $922 billion, driven by surging demand for AI-related data centers. Oracle co-founder Larry Ellison's net worth briefly increased by $89 billion, briefly surpassing Elon Musk as the world's richest man. At market close, Musk's net worth was $384.2 billion, $1 billion ahead of Ellison. Analysts estimate Oracle's AI service backlog to be $455 billion.
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