Episode
Larry Ellison Becomes Third-Richest Man As Oracle Shares Hit Year’s High
- Podcast
- Forbes Topline
- Published
- Jun 3, 2026
- Duration seconds
- 250
- Processing state
not_requested- Canonical source
- https://traffic.megaphone.fm/FSML8431858643.mp3
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Summary
Oracle shares hit a 2026 intraday high Monday, extending a furious late-May rally that has recast the database pioneer as a marquee AI-infrastructure player and boosted the fortune of cofounder Larry Ellison, who holds roughly 40% of the company. Oracle traded as high as $233.72 Monday, after surging about 11% Friday to cap software's strongest month since 2001. The company has pivoted from a mature software vendor into a major player in the AI boom, renting compute power to the largest AI developers like OpenAI. Learn more about your ad choices. Visit megaphone.fm/adchoices