Larry Ellison loses $6 billion in a day, as AI worries wipe billions from Oracle stock

Larry Ellison saw a dramatic plunge in his net worth following a sharp drop in Oracle shares, which plummeted around 62%. This decline has sparked worries among investors regarding the company’s mounting debt and aggressive push into artificial intelligence. However, Oracle’s core business remains robust, driven by strong demand for cloud services, with analysts optimistic about substantial revenue growth in the upcoming years.