Thu Sep 12 01:03:01 UTC 2024: ## Oracle Surges, Ellison’s Fortune Booms as AI Fuels Growth

**Oracle, the enterprise software giant, has seen its stock soar this year, placing it second only to Nvidia among large-cap tech companies.** This surge has propelled CEO Larry Ellison into the ranks of the world’s wealthiest individuals, surpassing both Mark Zuckerberg and Bernard Arnault.

While Oracle’s past struggles in cloud computing were widely documented, the company’s recent focus on artificial intelligence (AI) has yielded significant dividends. Analysts attribute Oracle’s success to its strong position in enterprise databases and its ability to leverage this foundation for AI applications.

This shift in strategy has not only boosted Oracle’s stock price but also significantly increased Ellison’s personal wealth. As the company continues to capitalize on the AI boom, its future appears bright, potentially pushing Oracle to even greater heights in the tech landscape.

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