Ellison Heralds AI Boom as Oracle Stocks Soar and Cloud Orders Skyrocket

Lead: Oracle co-founder Larry Ellison on September 10 unveiled a vision for AI inference as a “multi-trillion-dollar market” at Oracle OpenWorld and drove shares up 27% after the company forecast $500 billion in cloud orders, while his personal fortune jumped markedly.

Nut Graf: Ellison’s confident AI strategy underscores Oracle’s push to dominate enterprise inference-vectorizing private data for large language models-and comes as Oracle forecasts half a trillion dollars in booked cloud contracts, cementing both company momentum and Ellison’s standing among the world’s wealthiest.

AI Inference: Oracle’s Next Frontier

  • Ellison proclaimed “AI will change everything,” emphasizing that AI inference-the application of trained models-is set to eclipse AI training in value and scale, given millions of enterprises and governments leveraging AI daily.
  • Oracle’s new AI Database ingests and vectorizes private data, securely linking it with LLMs such as ChatGPT, Gemini, Grok, and Llama, positioning Oracle as the custodian of enterprise data for inference workloads.

Record Cloud Orders and Stock Rally

  • Oracle expects its cloud infrastructure business to exceed $500 billion in booked orders, driven by demand for its low-cost, AI-infused services.
  • Shares jumped 27% in after-hours trading following the forecast, marking the largest one-day increase since 1999 and boosting investor confidence in Oracle’s long-term growth trajectory.

Ellison’s Wealth Surge

  • The stock rally propelled Ellison’s net worth to approximately $364 billion, up $70 billion in a single session and positioning him ever closer to overtaking Elon Musk as the world’s richest person.

Looking Ahead

Oracle’s aggressive AI and cloud strategy, helmed by Ellison’s bold declarations and backed by massive order books, signals a new phase in enterprise computing. As the company scales its AI Database and expands cloud infrastructure, Ellison’s vision may well reshape the technology landscape-and his own billionaire ranking-in the months to come.

Subheadings for Online Readability

  • AI Database Innovation: Vectorization meets security
  • Cloud Orders Forecast: Half-trillion‐dollar backlog
  • Market Reaction: Shares surge, wealth skyrockets