By Ty Roush
Publication Date: 2025-11-26 19:49:00
Topline
Wall Street retreated on Oracle’s bearish assessment, sending the company’s stock higher and securing founder Larry Ellison’s place as the world’s third-richest person ahead of Google co-founder Sergey Brin, as markets continue to rerank the perceived winners in the AI race.
Economists pulled back on the pessimistic forecasts for Oracle, causing shares of Ellison’s company to rally while returning billions to his net worth.
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Important facts
Shares of Oracle rose more than 4% to around $205 on Wednesday afternoon, marking a slight rebound for the stock after falling 35% from a high of $287 on Oct. 27 to a low of just over $185 on Tuesday.
Shares of Alphabet fell 1.4% to around $319, ending a 13% rally for the Google parent company since Friday.
The jockeying for position among the world’s richest comes as the market looks favorably on Alphabet’s AI strategy while cooling off from many others, including Oracle’s and Microsoft’s…
