American tech giant Oracle caused a stir on Wall Street today, with its stock price experiencing a big pump of 41% in a single day, marking the largest single-day rise since 1992. This astonishing rise added approximately $270 billion to the company's market capitalization, bringing Oracle's market cap close to the trillion-dollar threshold.
More notably, this breakthrough rise has rapidly increased the personal wealth of Oracle founder Larry Ellison, surpassing Elon Musk and temporarily making him the world's richest person. Behind the big rise in Oracle's stock price is the company's ambition in the cloud infrastructure business. The company predicts that this business is expected to bring in over $500 billion in revenue in the future, while also announcing that this year's revenue is expected to rise by 77%, reaching an astonishing figure of $18 billion. This confidence stems from Oracle's strategic layout in the AI computing power market. The company has not only signed a data center agreement with OpenAI but also occupies a favorable position in the AI inference market. As AI applications shift from model training to large-scale deployment, the demand for inference computing power is expected to experience explosive growth, and Oracle has seized this market opportunity. The Wall Street Journal even dubbed Oracle as "the new Nvidia", highlighting the market's high recognition of its potential in the AI field. This development is not only significant for the tech industry but also provides insights for the cryptocurrency sector. Currently, AI has become the most attractive investment hotspot, with the capital market showing great interest in companies with AI elements. This trend is also reflected in certain projects that combine AI and cryptocurrency, which are favored by listed companies and have achieved significant valuation increases, fully demonstrating the important influence of AI in the current intersection of technology and finance.
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American tech giant Oracle caused a stir on Wall Street today, with its stock price experiencing a big pump of 41% in a single day, marking the largest single-day rise since 1992. This astonishing rise added approximately $270 billion to the company's market capitalization, bringing Oracle's market cap close to the trillion-dollar threshold.
More notably, this breakthrough rise has rapidly increased the personal wealth of Oracle founder Larry Ellison, surpassing Elon Musk and temporarily making him the world's richest person.
Behind the big rise in Oracle's stock price is the company's ambition in the cloud infrastructure business. The company predicts that this business is expected to bring in over $500 billion in revenue in the future, while also announcing that this year's revenue is expected to rise by 77%, reaching an astonishing figure of $18 billion.
This confidence stems from Oracle's strategic layout in the AI computing power market. The company has not only signed a data center agreement with OpenAI but also occupies a favorable position in the AI inference market. As AI applications shift from model training to large-scale deployment, the demand for inference computing power is expected to experience explosive growth, and Oracle has seized this market opportunity.
The Wall Street Journal even dubbed Oracle as "the new Nvidia", highlighting the market's high recognition of its potential in the AI field. This development is not only significant for the tech industry but also provides insights for the cryptocurrency sector. Currently, AI has become the most attractive investment hotspot, with the capital market showing great interest in companies with AI elements.
This trend is also reflected in certain projects that combine AI and cryptocurrency, which are favored by listed companies and have achieved significant valuation increases, fully demonstrating the important influence of AI in the current intersection of technology and finance.