Includes major US listed cloud computing service providers. These companies provide IAAS, SAAS, and PAAS services, infrastructure, and solutions for companies and individuals, enabling them to quickly deploy and manage their own operations, applications, and systems. Cloud computing is a significant investment opportunity for its potential cost savings. By moving IT infrastructure to the cloud, companies can reduce capital expenditures on hardware and software and only pay for the services they use, freeing up resources to invest in other areas such as research and development or marketing. Increasing demand for storage and processing power is driving the growth of cloud computing. As more businesses move to digital platforms and adopt technologies like AI, the amount of data being generated is growing exponentially. Cloud computing offers a scalable solution to handle this data.
The world's second richest man changes hands briefly! Oracle founder Ellison's wealth briefly surpasses Bezos.
As Oracle's stock price continues to rise, the net worth of the company's founder and director, Larry Ellison, has also skyrocketed. On Friday, Ellison's net assets briefly surpassed those of Jeff Bezos, the founder of Amazon, making him the world's second richest person.
Three-year best performance! Oracle's financial report soared this week, and its founder's net worth briefly surpassed Bezos.
Oracle's stock has risen by more than 14% this week, with a more than 11% increase on Tuesday after the release of excellent financial reports. On that day, Oracle's founder Larry Ellison's personal assets surpassed Zuckerberg, rising to third place globally, reaching second place at one point on Friday, second only to Musk.
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