Bill Gates Overtaken By Larry Ellison In Billionaire Race Amid AI Boom
Portfolio Pulse from Benzinga Newsbot
Oracle Corp.'s (NYSE:ORCL) stock reached record highs amid the AI boom, boosting founder Larry Ellison's net worth to $129.8 billion, surpassing Bill Gates. Oracle's strong performance is driven by increased Oracle Cloud Infrastructure adoption and acceleration in AI.

June 13, 2023 | 6:24 am
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Oracle's stock reached record highs due to increased interest in AI and strong company performance, driven by Oracle Cloud Infrastructure adoption and acceleration in AI.
The article highlights that Oracle's stock has reached record highs due to increased interest in AI and strong company performance. The company's growth is driven by Oracle Cloud Infrastructure adoption and acceleration in AI, which has led to strong top-line and bottom-line growth. This positive outlook is reflected in the founder's rising net worth and the stock's strong performance.
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