Larry Ellison Becomes Third-Richest Man As Oracle Shares Hit Year’s High
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Forbes
4.8 • 6 Ratings
🗓️ 3 June 2026
⏱️ 4 minutes
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| 0:59.1 | Thank you. Abercrombie in the app, online, and in stores. Oracle shares hit a 2026 intraday high Monday, extending a furious late May rally that has recast |
| 1:07.4 | the database pioneer as a marquee AI infrastructure player and boosted the fortune of co-founder |
| 1:14.2 | Larry Ellison, who holds roughly 40% of the company. Oracle traded as high as $233.72 Monday |
| 1:23.6 | after surging about 11% Friday to cap software's strongest month since 2021. |
| 1:30.7 | The company has pivoted from a mature software vendor into a major player in the AI boom, |
| 1:37.0 | renting compute power to the largest AI developers like OpenAI. |
| 1:41.9 | Oracle's move was partially a recovery, as its stock had fallen about 35% from its late October |
| 1:48.0 | high due to a $50 billion plan to extend its AI capabilities, a revenue miss, and reports |
| 1:55.5 | of stalled financing and slipping timelines on its Open AI data center build-out. Wall Street has bolstered the stock in recent days, with Wedbush, Arendt, and Oppenheimer |
| 2:06.6 | all lifting their price targets, setting Oracle's locked-in customer contracts, and its deepening |
| 2:12.7 | role-powering OpenAI, Microsoft, Nvidia, and meta. |
| 2:17.6 | The rise comes amid a sector-wide rally, with I shares' software ETF rising roughly 21% in May, |
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