ByTy Roush,
Forbes Staff.
Sergey Brin bumped Oracle’s Larry Ellison on Tuesday to become the world’s third-richest person, ranking behind fellow Google cofounder Larry Page, as parent firm Alphabet’s stock has rallied in recent weeks on optimism for its AI business.
Shares of Alphabet rose 2.2% to around $325.75 shortly after trading opened Tuesday, after a 6.3% jump on Monday and a more than 75% surge since hitting a low below $188 in August.
Oracle’s shares dropped by more than 4.6% to around $191, adding to an 11% drop over the last week for the stock.
