The US stock market hits record highs as Oracle’s AI boom lifts the S&P 500. Larry Ellison surpasses Elon Musk as the world’s richest person.

The US stock market reached new heights thanks to Oracle’s development prediction, which was driven by the revolution in artificial intelligence. For the second day in a row, the S&P 500 index rose 0.5 percent, reaching a new record. The Nasdaq Composite index increased by 0.5%, while the Dow Jones Industrial Average fell 49 points, or 0.1%.

Oracle co-founder and friend of US President Donald Trump, Larry Ellison, has overtaken Elon Musk to become the world’s richest person. Ellison’s fortune has risen to $393 billion (£290 billion), up from Musk’s $385 billion (£284 billion). Oracle shares rose more than 40% after the database software company forecasted unexpected growth for its cloud infrastructure business and artificial intelligence (AI) partnerships.

Over the past 50 years, Ellison has slowly built his fortune thanks to his steady experience in business. Musk has been the world’s richest person for more than a year and could be on track for a compensation package of more than $1 trillion (£740 billion) if he achieves several key goals over the next ten years. Tesla shares have fallen this year amid consumer anger over Musk’s political activities and market fears that the Trump administration could scrap its electric car efforts.

Recently, Oracle has benefited from the growing need for data center infrastructure. According to the corporation, its cloud division will generate $18 billion in sales this year, a 77% increase, and further growth is expected in the coming years. Oracle’s shares have risen sharply as a result of reports of increased demand for its data centers from AI businesses.

Ellison, who rose to fame in the 1990s after helping to found Oracle in 1977, has established himself as a Trump loyalist. In addition, he has emerged as a potential buyer of TikTok, an app controlled by ByteDance. ByteDance is a Chinese internet business that is banned in the US unless it sells its stake in ByteDance.

Oracle, one of the IT firms with the biggest gains, projects that cloud infrastructure income will rise by 77% this fiscal year and $144 billion in only four years. Oracle is now among the leading companies propelling the S&P 500 after Nvidia, a chipmaker that embodies the expansion in the AI industry, increased 3.7%.

The Impact of Ripples

As the stock market soared, Larry Ellison surpassed Elon Musk to become the wealthiest man in the world in one of those unusual instances of investor enthusiasm and awe. His net worth increased from around $100 billion to between $393 billion and $400 billion.

Not everyone shares Ms. Ellison’s enthusiasm; Oracle plans to invest $35 billion in data center construction and the provision of AI chips, which is a significant amount. Investments that analysts predict will put a strain on earnings and free cash flow in the future.

Although AI is significant, Oracle emphasized four billion-dollar transactions with three separate clients in its most recent quarter. The increase in cloud revenue of 28% to $7. 2 billion was a major factor in the 12% increase in first-quarter sales to $14.93 billion.

The stock was upgraded, and price goals were increased by Piper Chandler and Bank of America analysts, who didn’t hold back in calling it a mistake, to sum up. The AI-driven balance sheet is deemed to be excessively powerful.

Stock Market Movements and Market Trends:

Mega-Cap Equities Rise:

• Oracle Corp. (ORCL): Up +38.76% on improved AI capabilities in medical records.
• Azure Technologies (AVGO): +9.12%. Nvidia Corp. (NVDA): +4.05%, nearing a $5.5 billion valuation.
• Advanced Micro Devices (AMD): +3.59%.
• Palantir Technologies Inc. (PLTR): +3.11%, expanding AI for the UK Ministry of Defense.
• Amazon.com Inc. (AMZN): -1.8%, developing AR glasses to rival Meta.

Large-Cap Stocks Rise:

• Synapsis Inc. (SNPS): -33.55%, downgraded to Neutral.
• QMMM Holdings (QMMM): -28.36%.
• Core View (CRWV): +19.91%.
• Bloom Energy Corp. (BE): +15.9%.
• GS Acquisition A (VRT): +10.47%.
• Lumentum Holdings Inc. (LITE): +9.11%.
• Rubrik (RBRK): -12.71%.
• Chuwi Inc. (CHWY): -16.18%.
• NIO Inc. (NIO): -9.39%.
• Cadence Design Systems Inc. (CDNS): -6.52%.

Mid-Cap Stock Movers:

• PleaseMD (NAKA): -35.4%.
• Harmony Merger Corp. (Next): -15.5%.
• Global Star Inc. (GSAT): -9.04%.
• Bitmain Immersion Tech (BMNR): +9.22%
• AAON (AAON): +6. 52%

Conclusion

Oracle’s AI emphasis has sparked a wave among investors, supported by actual deals, pending balances, and infrastructure goals that no one else can equal—at least for now. Whether that wave results in considerable change or stagnation will be determined by implementation. However, for the time being, Oracle has captured Wall Street, and its AI story is more than just a talking point; it is a financial triumph. Nothing is more of a mixed simile than that.