Interconnected • 123 implied HN points • 16 Jun 25
- Larry Ellison, the founder of Oracle, recently became one of the richest people in the world after Oracle's stock price surged due to strong earnings. This happened because of a positive outlook for Oracle's cloud computing growth, fueled by increased demand for AI infrastructure.
- Oracle is securing a lot of contracts from companies with ties to China, like Temu and TikTok, even as other American businesses shy away from China. This strategy is helping Oracle grow in a challenging market.
- The recent growth in Oracle's sales isn't just from AI; they are getting significant deals from various clients moving to their cloud services, which reflects a strong demand for their technology.