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Oracle's stock has soared over 60% this year, the best since the tech bubble, with founder Larry Ellison's wealth increasing by 75 billion dollars.
Oracle's cloud Infrastructure, which has become a "celebrity" in the AI field, is training some of the most important AI models in the Global market, and it is faster and cheaper than other cloud platforms. Company executives predict that revenue will "easily" double and exceed $100 billion within five years. Some Analysts are Bullish on the strong personal relationship between Ellison and Musk, which is beneficial for the company's Business, while skeptics are concerned that the doubling of capital expenditures in fiscal year 2025 may not be sustainable.