**Oracle's Stock Surge Propels Larry Ellison to the World's Second-Richest Person, While Amazon's Stock Takes a Dip**
In a dramatic shift in the world of billionaires, Oracle's stock surge has propelled Larry Ellison to the world's second-richest person, briefly surpassing Jeff Bezos. This remarkable rise in Oracle's stock value has sent Ellison's net worth soaring to an estimated $206 billion, according to Forbes, while Bezos' net worth has dropped to approximately $203 billion.
The surge in Oracle's stock can be attributed to the company's recent earnings report, which exceeded market expectations and provided an optimistic revenue forecast for fiscal 2026. Oracle's shares have risen by 20% in September, marking the company's best monthly performance since October 2022, when shares increased by 28%.
Ellison's wealth increase is also linked to Oracle's strategic positioning in the artificial intelligence sector. The company is planning to develop data centers that cater to the growing demand for generative AI technologies. During a recent earnings call, Ellison stated, "We are literally building the smallest, most portable, most affordable cloud data centers all the way up to 200-megawatt data centers, ideal for training very large language models and keeping them up to date".
In contrast, Amazon's stock has dipped slightly, shaving about $1.6 billion off Bezos' net worth. As of the latest market close, Amazon's stock price stands at around $140 per share, a slight decrease from its recent highs. This dip in Amazon's stock value is a reflection of the broader market trends and the competitive landscape in the tech industry.
Despite this dip, Amazon remains a powerhouse in the tech world, with a market capitalization of over $1 trillion. The company continues to innovate and expand its services, including its cloud business, Amazon Web Services (AWS). Oracle has recently partnered with AWS to integrate its database services with dedicated hardware, a move that could further boost Oracle's cloud business and potentially challenge AWS's dominance in the cloud market.
In summary, while Oracle's stock surge has propelled Larry Ellison to the world's second-richest person, Amazon's stock has taken a slight dip, shaving off about $1.6 billion from Bezos' net worth. Despite this, Amazon remains a significant player in the tech industry, with its cloud