Oracle hit hard in Wall Street’s tech sell-off over its huge AI bet
Larry Ellison’s software company falls more than rivals over its borrowing and reliance on OpenAI contracts
Larry Ellison’s software company falls more than rivals over its borrowing and reliance on OpenAI contracts

The group’s shares jumped nearly 40% lifting its valuation close to $1tn

Tech billionaire capitalised on the AI boom to briefly claim the title of world’s richest person

Larry Ellison’s database group posted better than expected earnings from its cloud unit

Larry Ellison’s company raises its capital expenditure forecast as it doubles down on AI infrastructure bet

Software giant suffers renewed declines after backer Blue Owl pulls out of $10bn project

Warning from OpenAI’s Sam Altman and MIT paper puncture Wall Street’s enthusiasm