Best performance in three years! Oracle's financial report soared, with the founder's wealth surpassing Bezos at one point

The financial report released this week has further fueled investors' enthusiasm for the artificial intelligence (AI) newcomer Oracle.

Oracle closed slightly up by 0.4% on Friday, marking the fourth consecutive day of hitting a new closing high since the release of the financial report. By the end of Friday's trading, the stock had risen nearly 14.3% for the week, achieving the largest weekly gain in 2021.

On Friday, Oracle initially surged by nearly 7.8%, but later gave back most of the gains. Due to the sharp rise in stock price, Larry Ellison, the founder and chairman of Oracle who holds over 40% of the company's outstanding shares, saw a significant increase in his wealth. At one point on Friday, his wealth briefly surpassed that of Amazon founder Bezos.

Real-time data from Forbes' global billionaire list showed that shortly after the market opened on Friday, Ellison's personal net worth rose to $208.4 billion, surpassing Bezos' net worth of $204 billion at the time, making Ellison the second richest person in the world after Tesla CEO Musk. However, Ellison's asset value fell below $200 billion as Oracle's gains narrowed, and by the end of Friday, his net worth was $197.7 billion, ranking third. He still has a chance to compete for the second place on the list with Bezos, whose net worth is $204.4 billion, while Musk remains at the top with a net worth of $252 billion.

According to Wall Street News, Oracle's financial report has undoubtedly been the biggest driver of the recent stock price surge. On the first trading day after the report was released this week, Oracle's stock price surged by 11.4%, and Ellison's personal assets surpassed Meta CEO Zuckerberg on the same day.

The financial report indicated that for the first quarter of the 2025 fiscal year ending in August, Oracle's revenue exceeded expectations, growing by 7% year-on-year to $13.3 billion. The revenue from the highly anticipated Oracle Cloud Infrastructure (OCI) also outperformed Wall Street's expectations, increasing by 45% year-on-year to $2.2 billion. Oracle's revenue guidance for the second quarter shows a growth range of 8% to 10%, with the midpoint higher than analysts' expected growth rate of 8.72%.

Morgan Stanley analyst Keith Weiss later emphasized that Oracle's stock performance so far this year has far exceeded that of its software industry peers. He attributed this strong performance to Oracle being seen by investors as a major beneficiary of the scarcity of AI hardware, which has been driving the development of its OCI businessAfter the U.S. stock market closed this Thursday, Oracle's executives once again revealed at the annual Financial Analyst Meeting that the company's revenue for the 2026 fiscal year is expected to reach at least $66 billion. This represents an increase of $6.5 billion from the company's previous guidance, and the new guidance further exceeds the current analyst consensus of $64.5 billion. Executives also forecast that revenue for the 2029 fiscal year will reach at least $104 billion, equivalent to a revenue growth of nearly 58% over three years.

Commentators believe that raising the revenue guidance for the next fiscal year is an optimistic signal for the growth prospects of Oracle's cloud infrastructure business OCI