（Singapore, 11.09.2025）In a stunning move that has shaken Wall Street, technology giant Oracle has ridden the AI revolution to new heights. The company’s stock soared by an astonishing 43% on Wednesday, a single-day jump not seen in over three decades. This record-breaking surge has put Oracle on the brink of joining the exclusive trillion-dollar club and propelled its co-founder, Larry Ellison, tantalizingly close to becoming the world’s richest person
The monumental rally was fueled by a series of blockbuster announcements, most notably a handful of multi-billion-dollar cloud computing contracts. These deals underscore a fundamental shift in the tech landscape, where leading AI developers like OpenAI and xAI are engaged in an arms race to secure the vast computational power required to push the boundaries of artificial intelligence.
The most significant of these new partnerships, as reported by the Wall Street Journal, is a colossal $300 billion contract with OpenAI. Spanning approximately five years, this agreement represents one of the largest cloud computing deals ever signed and is expected to be the primary driver of Oracle’s newly projected revenue.
While Oracle declined to comment and OpenAI did not immediately respond to a request for comment, the sheer scale of the deal has sent a clear message to the market: Oracle’s cloud infrastructure, once a niche player, is now a major contender in the AI race.
This dramatic turn of events has had a profound impact on Larry Ellison’s personal fortune. The 81-year-old co-founder, whose net worth is largely tied to his 41% stake in the company, saw his wealth swell by an estimated $100 billion in a single day, reaching approximately $392.6 billion, according to Forbes. This remarkable gain has brought him within striking distance of Tesla chief Elon Musk, whose net worth currently stands at $439.9 billion. The race for the title of the world’s richest person has suddenly become a thrilling showdown between two of the tech industry’s most iconic figures.
The market’s enthusiasm for Oracle’s future is palpable. The company’s shares have surged by 45% this year alone, a performance that has outpaced not only the broader S&P 500 index but also the so-called “Magnificent Seven” tech giants. This exceptional performance is a testament to investor confidence in Oracle’s strategic pivot toward AI-driven cloud services.
During a post-earnings call, Oracle CEO Safra Catz painted an even more optimistic picture for the coming months. “Over the next few months, we expect to sign up several additional multi-billion-dollar customers,” she stated, projecting that the company’s remaining performance obligations (RPO) could exceed half a trillion dollars. This forecast suggests a strong pipeline of future revenue and solidifies Oracle’s position as a key infrastructure provider for the AI boom.
While industry heavyweights Microsoft, Amazon Web Services (AWS), and Google Cloud currently dominate the cloud computing market with a combined 65% share, Oracle is rapidly gaining ground. The company has demonstrated a shrewd ability to forge strategic partnerships, including striking deals with its rivals to allow their customers to run Oracle Cloud Infrastructure (OCI) alongside their native services. This collaborative approach has paid off handsomely, with revenue from these partnerships soaring more than sixteen-fold in the first quarter.
Analysts are also flagging Oracle’s pivotal role in SoftBank and OpenAI’s “Stargate” project, a massive AI infrastructure initiative that could channel an estimated $500 billion in spending. Melius Research analyst Ben Reitzes noted that the inclusion of contributions from “Stargate” and other major AI players means that Oracle’s revenues “beyond 2026 go much higher.”
In a final twist of fate, the company also supplies cloud services to xAI, the AI startup founded by Elon Musk, an old friend and ally of Larry Ellison. This intertwined relationship adds another layer of intrigue to the high-stakes competition between the two tech titans.
Beyond its own remarkable gains, Oracle’s rally had a significant impact on the wider market, helping to push the S&P 500 to a new record high. While the tech-heavy Nasdaq Composite also ticked up, the Dow Jones Industrial Average saw a slight dip, showcasing the mixed performance across different market sectors.
This surge occurred just before the release of key consumer inflation data, with investors already anticipating a potential interest rate cut from the Federal Reserve. This optimism was fueled by signs of a weakening U.S. job market and a surprising 0.1% drop in the August producer price index, which suggested inflation might be less of a concern than previously thought.
As the market awaits the next set of economic data, Oracle remains the center of attention. Its meteoric rise is not just a win for the company but a powerful example of the transformative potential of AI and the rewards for those at the forefront of the technology.
