Larry Ellison's Net Worth Drops by $6 Billion as Oracle Shares Slide on AI Concerns
Larry Ellison, Oracle's co-founder, saw his fortune fall sharply after the company's shares dropped roughly 62%. Investor unease centers on Oracle's growing debt load and its aggressive expansion into artificial intelligence. Despite the sell-off, the report notes that Oracle's core cloud business continues to perform strongly, supported by solid customer demand. Analysts remain optimistic that the company can achieve significant revenue growth in the coming years.
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