Oracle shares closed up 5.1% on Monday, continuing their recently rally and propelling Chairman Larry Ellison to become the world’s second-richest person, snatching the title from Amazon founder Jeff Bezos. Oracle’s stock success is partly due to the company’s role in the artificial intelligence boom, building data centers to accommodate the increasing demand for generative AI.
Oracle shares closed up 5.1% on Monday, continuing their recently rally and propelling Chairman Larry Ellison to become the world’s second-richest person, snatching the title from Amazon founder Jeff Bezos. Oracle’s stock success is partly due to the company’s role in the artificial intelligence boom, building data centers to accommodate the increasing demand for generative AI.