"Oracle missed Wall Street's revenue expectations in its most recent earnings results, which were reported on Wednesday. Shares fell more than 11% in after-hours trading, extending a slide that began in October as investors questioned the company's breakneck spending on artificial intelligence infrastructure. Despite missing estimates, revenue was up 14% year-over-year during the quarter. But that wasn't enough to calm concerns over the scale and cost of its expansion."
"The hit brought Ellison's net worth down to $258 billion, per the Index, marking one of the biggest single-day wealth drops of 2025. Other billionaires suffered steeper or similar losses in April: Elon Musk lost $35 billion in just three days, and Mark Zuckerberg shed about $24 billion asTrump's tariff plans sparked fears of retaliation and recession."
Oracle cofounder Larry Ellison saw about $25 billion removed from his net worth after Oracle shares fell more than 11% following earnings that missed Wall Street revenue expectations. The drop reduced his net worth to approximately $258 billion and represented one of 2025's largest single-day wealth declines. Oracle's revenue rose 14% year-over-year, but investors worried about the scale and cost of the company's aggressive artificial intelligence infrastructure expansion. Co-CEO Clay Magouyrk said Oracle expects to need less, potentially substantially less, than analysts' estimates that exceeded $100 billion and affirmed that the company's debt remains investment-grade.
Read at Business Insider
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