Oracle's stock has risen by more than 14% this week, with a more than 11% increase on Tuesday after the release of excellent financial reports. On that day, Oracle's founder Larry Ellison's personal assets surpassed Zuckerberg, rising to third place globally, reaching second place at one point on Friday, second only to Musk.
The release of this week's financial report has further fueled investor enthusiasm for the new force of artificial intelligence (AI), Oracle.
$Oracle (ORCL.US)$ This Friday rose slightly by 0.4%, marking the fourth consecutive day of setting a new record high since the release of the financial report. As of Friday's close, it has risen nearly 14.3% throughout the week, achieving the largest weekly gain since 2021.
On Friday, Oracle initially rose by nearly 7.8% but later retraced most of the gains. Due to the sharp increase in stock price, Oracle's founder and chairman Larry Ellison, who holds more than 40% of the outstanding shares, saw his wealth rise. He briefly surpassed Amazon founder Bezos on Friday.
Real-time data from Forbes' global billionaire list shows that shortly after Friday's opening, Ellison's personal net worth increased to $208.4 billion, while Bezos' net worth was $204 billion. Ellison thus became the second richest person in the world after Tesla CEO Musk. However, Ellison's net worth decreased below $200 billion as Oracle's gains narrowed. As of the Friday close, his net worth was $197.7 billion, ranking third, still competing with Bezos, whose net worth is $204.4 billion, for the second place on the list. Musk's wealth is $252 billion, firmly at the top.
Wall Street Journal has pointed out that Oracle's financial report has undoubtedly been the biggest driver of the recent stock price surge. On the first trading day after the announcement of the financial report, Oracle's stock price surged by 11.4% in a single day, and Ellison's personal assets also surpassed Meta's CEO Zuckerberg on the same day.
According to the financial report, in the first quarter of the 2025 fiscal year as of August, Oracle's revenue grew by 7% year-on-year to $13.3 billion, surpassing expectations. The revenue of the highly anticipated cloud infrastructure (OCI) also showed strong growth, increasing by 45% year-on-year to $2.2 billion, which was higher than Wall Street's expectations. Oracle's revenue guidance for the second quarter of the fiscal year is in the range of 8% to 10%, with the median value higher than analysts' expected growth rate of 8.72%.
Morgan Stanley analyst Keith Weiss later emphasized that Oracle's stock performance has far exceeded that of its software industry peers so far this year. He attributed this strong performance to Oracle being seen by investors as the primary beneficiary of AI hardware scarcity, which has driven the development of its OCI business.
After the post-market trading of Oracle on Thursday, executives revealed at the annual financial analyst conference that they expect the company's revenue for the 2026 fiscal year to reach at least $66 billion. This represents an increase of $6.5 billion compared to the company's previous guidance, and the new guidance exceeds the current analyst consensus of $64.5 billion. Executives also project that the revenue for the 2029 fiscal year will be at least $104 billion, equivalent to a nearly 58% revenue growth within three years.
Comments suggest that raising the revenue guidance for the next fiscal year is an optimistic signal for the growth prospects of Oracle's cloud infrastructure business OCI.
Editor/Somer